220 JAMES STREET
NSAR · B2H2Z1
$299,900
About this residence
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. (id:61366)
Property details
- Property type
- Multi-family
- Style
- Apartment
- Ownership
- Freehold
- Lot size
- 0.3772
- MLS®
- 202510039
- Board
- NSAR
- Status
- Inactive
- Listed
- May 6, 2025
- Updated
- Nov 8, 2025
Features & finishes
Appliances
- Washer
- Refrigerator
- Dryer
- Stove
Flooring
- Hardwood
- Laminate
- Linoleum
Basement
- Full
- Unfinished
Exterior
- Vinyl
- Aluminum siding
Foundation
- Stone
- Concrete Perimeter
Parking
- Gravel
- Parking Space(s)
Sewer & Utilities
- Municipal sewage system
Financing
Estimated monthly payment
$1,403/mo
Loan amount
$239,920
Down payment
$59,980
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
NSAR
Nearby
About the area
Census · B2H- 15,332
- Population
- 50
- Median age
- $63,600
- Median income
- $180,000
- Median home value
- 67%
- Home ownership
- 18 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 220 JAMES STREET?
220 JAMES STREET is listed for $299,900, in NSAR.
What type of home is 220 JAMES STREET?
220 JAMES STREET is a Multi-family, Apartment.
How large is 220 JAMES STREET?
The home offers a lot measuring 0.3772.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $1,403. Use the mortgage calculator above to model your own scenario.
What is the NSAR area like?
NSAR has a population of about 15,332, a median age of 50, a 67% home-ownership rate, with an average commute of about 18 minutes.
What is the average home value in NSAR?
The median dwelling value in this area is approximately $180,000, based on census data via Neighbourly.
What is the median household income in NSAR?
The median household income in this area is approximately $63,600.
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