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Investment signal

$269,000

217-219 Albert Street

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Beds

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Baths

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Sqft

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Year

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Type

Multi-family

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for New Glasgow. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Welcome to this charming duplex located in one of New Glasgows most desirable and convenient neighbourhoods. Whether youre just starting your investment portfolio or looking for a smart way to offset your mortgage, this property offers incredible potential. Featuring two separate units, the main floor offers a cozy one bedroom layout, while the upper unit includes two bedrooms plus a den, perfect for families or tenants needing a bit of extra space. Theres also an additional attic area that, with some TLC, could be transformed into even more usable living space. Full of character and charm, this property blends opportunity with functionality. Live in one unit while renting out the other, or add it to your portfolio as a solid income generating property. Ideally situated within walking distance to shops, restaurants, schools, and all amenities in the town of New Glasgow, this is a location tenants will love. Dont miss your chance to get into the market with this versatile and affordable investment! (id:65958)

Subtype: Multi-family
Structure: Duplex
Community: New Glasgow
Common interest: Freehold
Lot size: 0.17 acres
Lot dimensions: 0.1749
On market: Apr 19, 2026
Status changed: Apr 19, 2026
Photos: 33
MLS#: 202607883
Area: NEW_GLASGOW

Features and systems

Parking

Gravel

Basement

UnfinishedFull

Appliances

WasherDryer - ElectricRefrigeratorStoveDryer

Exterior

Vinyl

Flooring

HardwoodLaminateVinyl

Foundation

Concrete Perimeter

Lot

Sump Pump

Community

School BusRecreational Facilities

Positive cash flow ~$650/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

14.50%

Cap rate

7.76%

GRM

9.3

Break-even rent

$1,716

Financing

Down payment$53,800

Loan amount$215,200

Mortgage$1,090/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$123

Insurance$80

Maintenance$224

CapEx reserve$112

Vacancy loss$120

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 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.

Mortgage estimate

Estimated $1,090/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 19, 2026.