What an opportunity to get in the investment game. This 6 unit, 1 commercial and a potential for a 7th rental unit is perfectly situation in downtown Stellarton. Close to Sobeys, banks, parks, Pictou County Transit and many many other things Stellarton has to offer. 6 units are currently rented out and a commercial unit is waiting in the wings for your creativity. With heat pumps and electric baseboards efficiency is in your control. Potential to have most of the units paying their own power.
Listing Sub-Area:
106-New Glasgow, Stellarton
Property Type:
Multi-Family
Multi-Family Type:
5 - 8 Unit
Title To Land:
Freehold
Building Dimenions:
27 x 41, 26 x 12
Lot Size:
5,689 sq. ft.529 m2
Prop Size:
Under 0.5 Acres
Commercial / Retail Space:
Yes
# of Rental Units / Occupied:
6
# Floors:
2
Exterior Finish:
Steel, Vinyl
Foundation:
Concrete
Basement:
Full, Undeveloped
Floor Finish:
Laminate, Linoleum, Vinyl
Roof:
Asphalt Shingle, Metal
Heating:
Baseboard, Heat Pump -Ductless
Fuel:
Electric
Parking:
Yes
Parking Description:
behind building
Driveway:
Gravel
Water Supply:
Municipal
Water And Sewage:
1300
Sewer:
Municipal
Num Units:
6
Num Bachelor Units:
5
Num 1 Bed Units:
1
Rental Income:
Yes, 46980
Approx. Net Income:
32380
Insurance Expense:
2300
Taxes Costs:
1500
Other Costs:
0
Maintenace:
1500.0
Management expense:
0
Snow / Garbage Collection:
0
Heating Bill:
0
Electricity Bill:
8000
Approx. Total Expense:
14600
Approx. Total Income:
46980
all appliances owned by the Seller
Park, Playground, Public Transit, Recreation Center, School Bus Service, Shopping, Place of Worship
Data was last updated December 11, 2024 at 01:20 PM (UTC)
Area Statistics
Listings on market:
23
Avg list price:
$249,000
Min list price:
$70,000
Max list price:
$890,000
Avg days on market:
99
Min days on market:
5
Max days on market:
700
These statistics are generated based on the current listing's property type
and located in
106-New Glasgow, Stellarton. Average values are
derived using median calculations.