42 Highway 330, BARRINGTON PASSAGE

2026-07-03
 

Quick Summary

Location
42 Highway 330, BARRINGTON PASSAGE, Nova Scotia B0W1G0
Price
$725,000 CAD
Status:
For Sale
Property Type:
Multi-family
Year of Construction:
1999

MLS®#202616313

Property Description

An outstanding opportunity to acquire a high-performing waterfront investment property (10% Cap rate) offering stable cash flow, an exceptional location, and significant long-term upside. This well-maintained 6-7 unit mixed-use building occupies a premier waterfront setting with unobstructed ocean views while being just steps from shopping, restaurants, services, and public transit - an ideal combination that supports both commercial success and strong residential occupancy. The property is anchored by an established commercial tenant occupying both ground-floor units, providing dependable income and reducing leasing risk. Above, five spacious one-bedroom residential suites generate consistent rental revenue, with each waterfront-facing apartment featuring a private balcony overlooking the ocean - a highly sought-after amenity that encourages strong tenant demand, premium rents, and excellent tenant retention. Additional income generated through coin-operated laundry, while the on-site parking lot is a valuable asset that enhances convenience for both commercial and residential tenants. A live-in superintendent is currently in place and may be retained, offering seamless day-to-day property management for investors seeking a hands-off ownership experience. With its balanced mix of commercial and residential income this property offers diversification that helps reduce investment risk while benefiting from multiple revenue streams. Opportunities to acquire quality waterfront income properties of this calibre are increasingly rare, making this an ideal addition to an investment portfolio or a strategic long-term hold. A CAP reate of just over 10% is particularly attractive in today's market, reflecting strong cash flow relative to the purchase price and providing investors with an excellent balance of immediate income. (id:32467)

Property Features

Ammenities Near By

  • Ammenities Near By: Park, Playground, Shopping, Place of Worship, Beach

Building

  • Basement Type: None
  • Cooling Type: Air Conditioned
  • Exterior Finish: Concrete Siding, Wood siding
  • Fireplace: No
  • Flooring Type: Carpeted, Laminate, Tile
  • Building Type: Apartment
  • Utility Water: Drilled Well

Land

  • Land Size: 0.2811 ac
  • Sewer: Septic System

Ownership

  • Type: Freehold

Structure

  • Structure: Shed

Information entered by Royal Lepage Atlantic (Mahone Bay)
Listing information last updated on: 2026-07-02 18:52:29


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$500,000

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