221 Temperance Street, New Glasgow, NS, B2H 3B3

Property Information:

Welcome to the great investment opportunity in the desirable area of New Glasgow. 7 Unit building property located very close to all amenities, within walking distance to downtown New Glasgow. Well maintained and profitable rental property, with the potential for an additional income from the rental of the basement space, as a storage for the tenants is looking for its new owner. The property is in the middle of a predominantly residential neighbourhood, and located within two blocks of New Glasgow's downtown core, with waterfront and minutes to the closest grocery store. It is well situated for tenants without a vehicle. There are 6 Bachelor units, and 1 - 1 Bedroom unit, that is providing a steady stream of income from the rent and additional coin operated laundry income of $200/month. There are 4 parking spots that also can generate extra income. Roof is 12 years old, Units 3 and 1 are recently renovated. There have been many upgrades during the past couple of years, including security cameras, new flooring, and moslty all new windows. You can find the list of all upgrades attached to the listing. Boiler and hot water tank are oil operated. Bonus: The rate of the deed transfer tax in the Town of New Glasgow is only 1 percent (1%) of the value of the property transferred. Don't miss this incredible investment opportunity! Call for private viewing today!