About 220 James Street
Solid investment opportunity in downtown New Glasgow. This updated 5-unit property at 220 James St. currently offers an 10.1% cap rate, and up to 14.4% at market rents. Just minutes from the Aberdeen Hospital and all amenities, the property includes 2- bachelor units and 3- one-bedroom units —perfect for investors or owner-occupants looking to live in one unit and have the others cover the mortgage - live rent free! Recent updates include new flooring in the common areas (2025), a new propane boiler (2025), fresh paint in Units 3 and 4 as well as shared spaces, a rebuilt overhang above the basement stairs, and new front steps with improved fire escape railings. Located close to amenities in the heart of town. A great addition to any portfolio or a smart first step into real estate investment.
Features of 220 James Street
| MLS® # | 202510039 |
|---|---|
| Price | $299,900 |
| Bedrooms | 3 |
| Acres | 0.38 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 220 James Street |
|---|---|
| Area | Northern Region |
| Subdivision | #10 |
| City | New Glasgow |
| County | Pictou |
| Province | NS |
| Postal Code | B2H 2Z1 |
Amenities
| Utilities | Propane |
|---|---|
| Parking | Gravel, Parking Spaces(s) |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Stove, Dryer, Washer, Refrigerator |
|---|---|
| Heating | Baseboard, Furnace, Hot Water |
| Fireplace | No |
| Has Basement | Yes |
| Basement | Full, Unfinished |
Exterior
| Lot Description | Under 0.5 Acres |
|---|---|
| Roof | Asphalt, Metal |
| Construction | Aluminum Siding, Vinyl Siding |
| Foundation | Concrete Perimeter, Stone |
School Information
| Elementary | New Glasgow Academy |
|---|---|
| Middle | New Glasgow Academy |
| High | North Nova Education Centre |
Additional Information
| Zoning | Res |
|---|
Listing Details
| Office | EXP Realty of Canada Inc. |
|---|