Turn-key 4-unit income property in a central New Glasgow location, just minutes from downtown amenities, shopping, restaurants, and transit. This well-maintained building includes four self-contained units two 1-bedroom units and two 2-bedroom unit all on fixed-term leases. Each unit has electric baseboard heat, with tenants responsible for their own utilities, helping keep operating costs low. The property is clean, well cared for, and efficiently managed, making it a solid, low-maintenance investment. It currently operates with a positive cash flow. Once the fourth unit is fully rented, the income increases significantly, bringing the cap rate up without the need for major renovations or upgrades. Central location near downtown New Glasgow Strong income today with clear upside Turn-key multi-unit investment A great opportunity for investors looking for steady cash flow now and stronger returns ahead.
Off East River Rd turn right onto Temperance St. until you come to Forbes turn left and the property is on your left.
Listing Sub-Area:
106-New Glasgow, Stellarton
Property Type:
Multi-Family
Multi-Family Type:
Fourplex
Title To Land:
Freehold
Building Dimenions:
37'x32'+ 8'x5'
Lot Size:
4,657 sq. ft.433 m2
Prop Size:
Under 0.5 Acres
Commercial / Retail Space:
No
# of Rental Units / Occupied:
4
Exterior Finish:
Wood Shingles, Vinyl
Foundation:
Block, Stone
New Constr.:
No
Basement:
Undeveloped, Walkout
Floor Finish:
Hardwood, Laminate, Vinyl
Roof:
Asphalt Shingle
Heating:
Baseboard
Fuel:
Electric
Parking:
Yes
Parking Description:
6 car spaces +/-
Driveway:
Gravel
Water Supply:
Municipal
Water And Sewage:
$197 / 91 days
Sewer:
Municipal
Num Units:
4
Num 1 Bed Units:
2
Num 2 Bed Units:
2
# Of Dishwashers:
0
# Of Dryers:
0
# Of Fridges:
4
# Of Microwaves:
0
# Of Stoves:
4
# Of Washers:
0
Rental Income:
Yes, 3045 per month
Laundry Income:
0
Other Income:
0
Insurance Expense:
2917
Taxes Costs:
4427
Other Costs:
0
Maintenace:
0.0
Management expense:
0
Snow / Garbage Collection:
2800 snow
Heating Bill:
1500
Approx. Total Income:
36540
Storage
appliances fridge, stove in each unit
Park, Playground, Public Transit, Recreation Center, School Bus Service, Shopping, Place of Worship
Data was last updated January 24, 2026 at 05:20 PM (UTC)
Area Statistics
Listings on market:
21
Avg list price:
$289,900
Min list price:
$79,900
Max list price:
$3,950,000
Avg days on market:
106
Min days on market:
5
Max days on market:
465
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. This data is not produced by the MLS® system.