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Main Photo: 264 Washington Street in New Glasgow: 106-New Glasgow, Stellarton Multi-Family for sale (Northern Region)  : MLS®# 201810590
Prop. Type:
Multi-Family
MLS® Num:
201810590
Status:
Active
Year Built:
1965
15 unit apartment building with an additional two storey home with 2 units. Whether this is the start of your portfolio or an addition to your current holdings, this a great investment opportunity. All units are spacious two bedroom units, most have been renovated. Coin operated washers and dryers and storage available to the tenants. This building also has a paved parking lot, sprinkler system, security building, and its own fire alarm system. Internet has been upgraded to every floor. Owner has added all new windows and natural gas over the last several years. Located in a quiet residential neighbourhood. House behind main building at 266 Washington Street is included in purchase price and has had some recent upgrades in flooring, kitchen and paint.
From Marsh Street, turn left onto Washington. Property is on right hand side.
Listing Sub-Area:
106-New Glasgow, Stellarton
Property Type:
Multi-Family
Multi-Family Type:
Over 12 Units
Title To Land:
Freehold
Lot Details:
33,000+/- sq.ft
Prop Size:
0.5 to 0.99 Acres
# of Rental Units / Occupied:
13
Year built:
1965 (Age: 53)
Age:
53
# Floors:
2
Exterior Finish:
Wood Shingles
Foundation:
Concrete
Basement:
Fully Developed
Floor Finish:
Carpet, Vinyl
Roof:
Tar/Gravel
Heating:
Furnace
Fuel:
Natural Gas
Garage Description:
20' x 24'
Parking:
Yes
Parking Description:
Large paved lot behind building.
Driveway:
Multi, Parking Spaces(s), Paved
Water Supply:
Municipal
Water And Sewage:
3,417.75
Sewer:
Municipal
Num Units:
17
Num 2 Bed Units:
17
# Of Dryers:
4
# Of Fridges:
17
# Of Stoves:
17
# Of Washers:
4
Rental Income:
90,047.00
Laundry Income:
2,570.00
Insurance Expense:
3,980.00
Taxes Costs:
12,398.00
Maintenace:
6500.0
Management expense:
11,800.00
Betterment Charges:
Deed transfer tax
Snow / Garbage Collection:
2,100.00
Heating Bill:
11,000.00
Electricity Bill:
7,680.00
HST:
HST over and above the purchase
Approx. Total Income:
92,617.00
Heat/Air Exchange, Laundry, Storage
17 fridges, 17 electric ranges, 2 coin operated washers, 2 coin operated dryers. 2 washers and 2 dryers in house.
Recreation Center, Marina, Golf Course, Playground, Shopping, School Bus Service, Park
Range - Electric, Dryer, Washer, Refrigerator
None
No
Assessment:
695700.0
Assessment Year:
2018
Zoning:
R2
Elementary School:
New Glasgow Academy
Middle School:
New Glasgow Academy
High School:
North Nova Education Centre
Possession Info:
Negotiable.
Listed Date:
May 08, 2018
Days on Mkt:
99
  • Photo 1: 264 Washington Street in New Glasgow: 106-New Glasgow, Stellarton Multi-Family for sale (Northern Region)  : MLS®# 201810590
    Photo 1 of 10
  • Photo 2: 264 Washington Street in New Glasgow: 106-New Glasgow, Stellarton Multi-Family for sale (Northern Region)  : MLS®# 201810590
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  • Photo 3: 264 Washington Street in New Glasgow: 106-New Glasgow, Stellarton Multi-Family for sale (Northern Region)  : MLS®# 201810590
    Photo 3 of 10
  • Photo 4: 264 Washington Street in New Glasgow: 106-New Glasgow, Stellarton Multi-Family for sale (Northern Region)  : MLS®# 201810590
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  • Photo 5: 264 Washington Street in New Glasgow: 106-New Glasgow, Stellarton Multi-Family for sale (Northern Region)  : MLS®# 201810590
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  • Photo 6: 264 Washington Street in New Glasgow: 106-New Glasgow, Stellarton Multi-Family for sale (Northern Region)  : MLS®# 201810590
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  • Photo 7: 264 Washington Street in New Glasgow: 106-New Glasgow, Stellarton Multi-Family for sale (Northern Region)  : MLS®# 201810590
    Photo 7 of 10
  • Photo 8: 264 Washington Street in New Glasgow: 106-New Glasgow, Stellarton Multi-Family for sale (Northern Region)  : MLS®# 201810590
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  • Photo 9: 264 Washington Street in New Glasgow: 106-New Glasgow, Stellarton Multi-Family for sale (Northern Region)  : MLS®# 201810590
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  • Photo 10: 264 Washington Street in New Glasgow: 106-New Glasgow, Stellarton Multi-Family for sale (Northern Region)  : MLS®# 201810590
    Photo 10 of 10
Larger map options:
Listing information last updated on May 24, 2018 at 01:32 PM (UTC)
Area Statistics
Listings on market:
21
Avg list price:
$135,000
Min list price:
$28,100
Max list price:
$2,200,000
Avg days on market:
99
Min days on market:
52
Max days on market:
1,210
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.
Beds (Min)
Any
1
2
3
4
5
Baths (Min)
Any
1
2
3
4
5
Priced between $ & $
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