Attention experienced and new investors! This seven-unit apartment building is now available at a competitive price with strong cash flow. The property features a paved driveway and parking, a new propane boiler, and a prime location within walking distance of numerous amenities, making it highly attractive to tenants.
From East River Road up Marsh Street, property on the right, watch for sign.
Listing Sub-Area:
106-New Glasgow, Stellarton
Property Type:
Multi-Family
Multi-Family Type:
5 - 8 Unit
Title To Land:
Freehold
Building Dimenions:
40x37+32x5 + Bays
Lot Size:
6,874 sq. ft.639 m2
Prop Size:
Under 0.5 Acres
# of Rental Units / Occupied:
7
# Floors:
2
Exterior Finish:
Vinyl
Foundation:
Stone
Basement:
Full, Undeveloped
Floor Finish:
Carpet, Linoleum, Vinyl
Roof:
Asphalt Shingle
Heating:
Hot Water, Radiator
Fuel:
Propane
Driveway:
Gravel, Paved
Water Supply:
Municipal
Water And Sewage:
1544
Sewer:
Municipal
Num Units:
7
Num Bachelor Units:
5
Num 1 Bed Units:
2
# Of Dryers:
1
# Of Fridges:
7
# Of Stoves:
7
# Of Washers:
1
Rental Income:
Yes, 65298
Laundry Income:
180
Approx. Net Income:
40780
Insurance Expense:
2838
Taxes Costs:
5171
Other Costs:
Wifi 1838
Betterment Charges:
1% Deed Transfer Tax
Snow / Garbage Collection:
575+1778
Heating Bill:
7982
Electricity Bill:
2974
Approx. Total Expense:
24698
Approx. Total Income:
65478
7 Fridges, 7 Stoves, coin washer and dryer.
Park, Playground, Public Transit, Recreation Center, School Bus Service, Shopping, Marina, Place of Worship
Data was last updated February 23, 2026 at 07:20 PM (UTC)
Area Statistics
Listings on market:
20
Avg list price:
$282,450
Min list price:
$79,900
Max list price:
$3,950,000
Avg days on market:
110
Min days on market:
20
Max days on market:
495
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. This data is not produced by
the MLS® system.