$769,000
172 North Street
Beds
—
Baths
—
Sqft
—
Year
1972
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
- Lot size
- 2.22 acres
- MLS#
- 202518803
- Area
- BRIDGEWATER
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.
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.