221 Temperance Street, New Glasgow, NS

About 221 Temperance Street

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 wired security cameras, new flooring, mostly all new windows. new smoke detectors, wired emergency lighting in the common area and fire extinguishers. You can find the list of all upgrades attached to the listing. 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!

Listing Map