Solid investment opportunity in downtown New Glasgow. This updated 5-unit property at 220 James St. Currently offers an 8.6% cap rate, with potential to reach 12% 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.Show Description MLS® Number202510039
Laundry LevelLaundry
Central VacNo
FireplaceNo
Acreage0.3772
Exterior
GarageNo
Approx. Age
BasementFull, Unfinished
DrivewayGravel, Parking Spaces(s)
Garage Spaces
HeatBaseboard, Furnace, Hot Water
A/C
Heating Fuel
5 Refridgerators, 5 Stoves.
