558 High St - Apartments FOR SALE


New Glasgow, NS B2H 0G3
$3,400,000 CAD
902-425-4009
558 High St, New Glasgow, NS for Sale
$3,400,000 CAD
Apartments - FOR SALE
1/1
null | Request Cap Rate

558 High St
New Glasgow, NS B2H 0G3


HIGHLIGHTS

  • Easy access to major highways, shopping, and amenities in a growing community.
  • 558 High Street features modern 2-bedroom units with heat pumps and private outdoor spaces.
  • 59 Prospect Street offers 1.3 acres for a proposed multi-unit residential project, pending municipal approval.
  • Fully leased 16-unit residential complex, and 1.3 acres of development-ready land for sale in New Glasgow, NS

OVERVIEW

THIS EXCEPTIONAL INVESTMENT PACKAGE COMBINES STABLE INCOME GENERATION WITH PROMISING DEVELOPMENT POTENTIAL.The portfolio includes a fully leased, modern 16-unit multi-unit residential complex and 1.3 acres of development-ready residential land.558 High Street is a turnkey opportunity for investors seeking reliable returns, with contemporary units and sought-after amenities. Meanwhile, 59 Prospect Street offers a blank canvas for developers to create a new multi-unit residential property in a growing community, pending municipal approval. Positioned in a strategic location with easy access to major highways and local amenities, this offering presents the perfect blend of immediate revenue and future growth potential.

FOR SALE DETAILS

PRICE

$3,400,000 CAD

PRICE/SF

$340 CAD /SF

# OF UNITS

16

PRICE/UNIT

$212,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jamie FergusonCushman & Wakefield - AtlanticMore Info
902-425-4009

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Jamie FergusonCushman & Wakefield - AtlanticMore Info
902-425-4009

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.