JF MacIvor Properties Office Listings

244 Temperance Street
106-New Glasgow, Stellarton New Glasgow B2H 3B4

$2,100,000
Multi-Family

Main Photo: 244 Temperance Street in New Glasgow: 106-New Glasgow, Stellarton Multi-Family for sale (Northern Region)  : MLS®# 202401578
Photo 1: 244 Temperance Street in New Glasgow: 106-New Glasgow, Stellarton Multi-Family for sale (Northern Region)  : MLS®# 202401578
Photo 2: 244 Temperance Street in New Glasgow: 106-New Glasgow, Stellarton Multi-Family for sale (Northern Region)  : MLS®# 202401578
Photo 3: 244 Temperance Street in New Glasgow: 106-New Glasgow, Stellarton Multi-Family for sale (Northern Region)  : MLS®# 202401578
Photo 4: 244 Temperance Street in New Glasgow: 106-New Glasgow, Stellarton Multi-Family for sale (Northern Region)  : MLS®# 202401578
Photo 5: 244 Temperance Street in New Glasgow: 106-New Glasgow, Stellarton Multi-Family for sale (Northern Region)  : MLS®# 202401578
Status:
Active
Prop. Type:
Multi-Family
MLS® Num:
202401578
This project is just in the beginning stages of renovation to a 13 unit apartment complex which is subject to building permits and rezoning. The existing garage will be renovated to be a one bedroom detached apartment. There will be 8 one bedroom units on in the main building, two units with a bedroom and a den, a one bedroom and a two bedroom unit on the second level. Each unit will feature ductless heat pumps and baseboard electric heating. The income and expenses are an estimate only, provided by the seller.
Listing Sub-Area:
106-New Glasgow, Stellarton
Property Type:
Multi-Family
Multi-Family Type:
Over 12 Units
Title To Land:
Freehold
Building Dimenions:
85 x 75 plus jogs
Outside Dimenions:
85 x 75 Less Jogs + 20 x 32 detached.
Lot Size:
0.739 acre(s)
Prop Size:
0.5 to 0.99 Acres
# of Rental Units / Occupied:
0
# Floors:
2
Exterior Finish:
Steel, Vinyl
Foundation:
Slab
Basement:
None
Floor Finish:
Laminate, Tile, Vinyl
Roof:
Asphalt Shingle
Heating:
Baseboard, Heat Pump -Ductless
Fuel:
Electric
Garage Description:
Garage will be converted into a one bedroom apartment.
Parking:
Yes
Parking Description:
Paved parking.
Driveway:
Paved
Water Supply:
Municipal
Water And Sewage:
3250.00
Sewer:
Municipal
Num Units:
13
Num 1 Bed Units:
10
Num 2 Bed Units:
3
# Of Dishwashers:
13
# Of Fridges:
13
# Of Stoves:
13
Rental Income:
Yes, 206712.00
Laundry Income:
0
Other Income:
0
Approx. Net Income:
136055.16
Insurance Expense:
7800.00
Taxes Costs:
28860.00
Other Costs:
2925.00
Maintenace:
14469.84
Management expense:
8352.00
Betterment Charges:
1% Deed Transfer Tax
Snow / Garbage Collection:
2600.00
Heating Bill:
0.00
Electricity Bill:
2400.00
Approx. Total Expense:
70656.14
Approx. Total Income:
206712.00
Fridge, Stove, Dishwasher in each apartment.
Stove, Refrigerator
None
None
No
Zoning:
Commercial
Possession Info:
To Be Determined.
Listed Date:
Jan 25, 2024
Days on Mkt:
34
  • Photo 1: 244 Temperance Street in New Glasgow: 106-New Glasgow, Stellarton Multi-Family for sale (Northern Region)  : MLS®# 202401578
    Photo 1 of 5
  • Photo 2: 244 Temperance Street in New Glasgow: 106-New Glasgow, Stellarton Multi-Family for sale (Northern Region)  : MLS®# 202401578
    Photo 2 of 5
  • Photo 3: 244 Temperance Street in New Glasgow: 106-New Glasgow, Stellarton Multi-Family for sale (Northern Region)  : MLS®# 202401578
    Photo 3 of 5
  • Photo 4: 244 Temperance Street in New Glasgow: 106-New Glasgow, Stellarton Multi-Family for sale (Northern Region)  : MLS®# 202401578
    Photo 4 of 5
  • Photo 5: 244 Temperance Street in New Glasgow: 106-New Glasgow, Stellarton Multi-Family for sale (Northern Region)  : MLS®# 202401578
    Photo 5 of 5
Data was last updated February 28, 2024 at 03:20 PM (UTC)
Area Statistics
Listings on market:
19
Avg list price:
$289,500
Min list price:
$89,900
Max list price:
$2,100,000
Avg days on market:
93
Min days on market:
12
Max days on market:
639
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.
David MacIvor