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Investment signal

$495,000

3102 Ridge Road

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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 Acaciaville. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

An exceptional investment opportunity awaits! This six-unit apartment building offers an ideal combination of strong performance and long-term potential. Consisting of five one-bedroom apartments and one bachelor unit, this property boasts an excellent occupancy rate and a reputation for steady income. Set back from the road on a generous 1.66-acre lot, tenants enjoy ample parking and plenty of outdoor space giving this property a welcoming, open feel. Conveniently located just minutes from the Town of Digby and all its amenities, this thoughtfully cared for complex offers each unit its own power meter for simplicity and practicality. Whether youre looking to expand your real estate portfolio or take the first step toward building one, this property is the perfect opportunity to start earning passive income and invest confidently in your future. (id:65958)

Subtype: Multi-family
Structure: Apartment
Community: Acaciaville
Common interest: Freehold
Lot size: 1.66 acres
Lot dimensions: 1.66
On market: Oct 31, 2025
Status changed: Apr 22, 2026
Photos: 40
MLS#: 202526990
Area: ACACIAVILLE

Features and systems

Parking

Gravel

Basement

Full

Appliances

RefrigeratorRange - Electric

Exterior

Vinyl

Flooring

LaminateCarpetedVinyl

Foundation

Block

Community

School Bus

Negative cash flow ~$581/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

-7.04%

Cap rate

3.46%

GRM

16.7

Break-even rent

$3,086

Financing

Down payment$99,000

Loan amount$396,000

Mortgage$2,006/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$227

Insurance$80

Maintenance$413

CapEx reserve$206

Vacancy loss$124

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 $2,006/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 22, 2026.