$769,000
172 North Street
Beds
—
Baths
—
Sqft
—
Year
1972
Location
See the block, not just the house.
Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.
About this home
Developers & Investors - Opportunity Knocks! This 2.23-acre property offers a rare combination of income generation, development potential, and high-exposure location. Zoned C5 General Commercial, this site supports a wide array of permitted commercial uses, making it an ideal candidate for business expansion, redevelopment, or holding as a revenue-generating asset. Currently operating as a multi-unit income property, the site includes three distinct rental spaces. The main level of the house features a spacious 3-bedroom, 1-bathroom apartment complete with appliances and an attached single-car garage. On the lower level, a 2-bedroom, 1-bathroom apartment also comes fully equipped with appliances. Additionally, a large detached triple garage houses a rehouse/storage unit leased to a commercial tenant. Multiple driveways and ample parking make this property exceptionally functional. Situated along a high-traffic stretch of a key arterial road leading into Bridgewater, visibility and accessibility are outstanding. Quick access to Highway 103 enhances regional connectivity, while Halifax is just an hour away - ideal for commuting, deliveries, or drawing clientele. Whether you're a developer exploring future options, a commercial operator seeking a prominent location, or an investor looking for stable income with upside potentialthis property checks all the boxes. (id:65958)
- Subtype
- Multi-family
- Structure
- Duplex
- Community
- Bridgewater
- Common interest
- Freehold
- Lot size
- 2.22 acres
- Lot dimensions
- 2.2246
- On market
- Jul 25, 2025
- Status changed
- Apr 13, 2026
- Photos
- 15
- MLS#
- 202518803
- Area
- BRIDGEWATER
Features and systems
Parking
Basement
Appliances
Exterior
Flooring
Foundation
Community
Cash on cash
-11.78%
Cap rate
3.53%
GRM
16.6
Break-even rent
$5,440
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Lifestyle nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Bridgewater. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 13, 2026.