What an opportunity to get in the investment game. This 5 unit, 1 commercial and a potential for a 6th 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. 5 units are currently rented out and a commercial unit is waiting in the wings for your creativity. With heat pumps and electric baseboards the boiler is rarely used. 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:
26 x 52
Lot Size:
5,688.936 sq. ft.528.519 m2
Prop Size:
Under 0.5 Acres
Commercial / Retail Space:
Yes
# of Rental Units / Occupied:
5
# Floors:
2
Exterior Finish:
Steel, Vinyl
Foundation:
Concrete
Basement:
Undeveloped
Floor Finish:
Laminate, Linoleum, Vinyl
Roof:
Asphalt Shingle, Metal
Heating:
Heat Pump -Ductless, Hot Water
Fuel:
Electric, Oil
Parking:
Yes
Parking Description:
behind building
Driveway:
Gravel
Water Supply:
Municipal
Water And Sewage:
1288.68
Sewer:
Municipal
Num Units:
5
Num Bachelor Units:
4
Num 1 Bed Units:
1
Rental Income:
Yes, 37980
Approx. Net Income:
23709.34
Insurance Expense:
2800
Taxes Costs:
1488.91
Other Costs:
0
Maintenace:
1500.0
Management expense:
0
Snow / Garbage Collection:
0
Heating Bill:
0
Electricity Bill:
7693.07
Approx. Total Expense:
14270.66
Approx. Total Income:
37980
all appliances owned by the Seller
Park, Playground, Public Transit, Recreation Center, School Bus Service, Shopping, Place of Worship
Data was last updated October 4, 2023 at 01:20 PM (UTC)
Area Statistics
Listings on market:
17
Avg list price:
$325,000
Min list price:
$89,900
Max list price:
$1,600,000
Avg days on market:
83
Min days on market:
13
Max days on market:
492
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.