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Investment signal

$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
Negative cash flow ~$1,510/mo at these assumptions

Cash on cash

-11.78%

Cap rate

3.53%

GRM

16.6

Break-even rent

$5,440

Financing

Down payment$153,800
Loan amount$615,200
Mortgage$3,774/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$352
Insurance$80
Maintenance$641
CapEx reserve$320
Vacancy loss$193

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

Estimated $3,774/mo at 5.49% with 20% down, 25-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 13, 2026.

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