379 Eighth Street, New Waterford379 Eighth Street, New Waterford — photo 2379 Eighth Street, New Waterford — photo 3379 Eighth Street, New Waterford — photo 4379 Eighth Street, New Waterford — photo 5379 Eighth Street, New Waterford — photo 6379 Eighth Street, New Waterford — photo 7379 Eighth Street, New Waterford — photo 8379 Eighth Street, New Waterford — photo 9379 Eighth Street, New Waterford — photo 10379 Eighth Street, New Waterford — photo 11379 Eighth Street, New Waterford — photo 12379 Eighth Street, New Waterford — photo 13379 Eighth Street, New Waterford — photo 14379 Eighth Street, New Waterford — photo 15379 Eighth Street, New Waterford — photo 16379 Eighth Street, New Waterford — photo 17379 Eighth Street, New Waterford — photo 18379 Eighth Street, New Waterford — photo 19379 Eighth Street, New Waterford — photo 20379 Eighth Street, New Waterford — photo 21379 Eighth Street, New Waterford — photo 22379 Eighth Street, New Waterford — photo 23379 Eighth Street, New Waterford — photo 24379 Eighth Street, New Waterford — photo 25379 Eighth Street, New Waterford — photo 26379 Eighth Street, New Waterford — photo 27379 Eighth Street, New Waterford — photo 28379 Eighth Street, New Waterford — photo 29379 Eighth Street, New Waterford — photo 30379 Eighth Street, New Waterford — photo 31379 Eighth Street, New Waterford — photo 32379 Eighth Street, New Waterford — photo 33379 Eighth Street, New Waterford — photo 34379 Eighth Street, New Waterford — photo 35379 Eighth Street, New Waterford — photo 36379 Eighth Street, New Waterford — photo 37379 Eighth Street, New Waterford — photo 38
1/38
For Sale · Multifamily

379 Eighth Street, New Waterford

379 Eighth Street, New Waterford, NS B1H3S6

$184,900 total

—

Asset Class

Multifamily

Size

—

Building class

C

Zoning

RA9 — High Rise

$ / SF

—

Occupancy

90%

Lot Size

0.0689 ac

About this property

This fully occupied triplex offers opportunity for investors looking to add a multi-unit property to their portfolio. This property features three residential units, including one spacious three bedroom unit with two full baths and two additional one-bedroom, one-bath units. A finished common laundry area is available for tenants. The former optometrist space is currently stripped back to the studs, offering unfinished space for a future owner to consider, subject to applicable approvals. The property is currently zoned Optometrist/3 Residential, and any proposed change of use would be subject to CBRM approval. The roof shingles were replaced in 2023, providing an important recent update. With all three residential units currently occupied and rental income already in place, this property presents an established investment opportunity with additional combination of residential income and additional unfinished space. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$185K
Down payment30% · $55K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$854

Projected NOI

$7K

Annual cash flow

$-3K

Cash-on-cash

-6.27%

DSCR

0.66

Going-in cap

3.66%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

92,305

Households

38,330

Median income

$127,000

Median age

37.9

Daytime population

132,076

5-yr growth

9.2%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 379 Eighth Street, New Waterford.

NDA required

  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.