Sutton
3010 Boundary Road
Burnaby, BC V5M4A1
$725,000 $3,892 est/mo Sourced by Back At You
42 Highway 330,Barrington Passage, NS B0W1G0
Barrington Passage, NS B0W1G0
Description
An outstanding opportunity to acquire a high-performing waterfront investment property (10% Cap rate) offering stable cash flow, an exceptional location, and significant long-term upside. This well-maintained 6-7 unit mixed-use building occupies a premier waterfront setting with unobstructed ocean views while being just steps from shopping, restaurants, services, and public transit - an ideal combination that supports both commercial success and strong residential occupancy. The property is anchored by an established commercial tenant occupying both ground-floor units, providing dependable income and reducing leasing risk. Above, five spacious one-bedroom residential suites generate consistent rental revenue, with each waterfront-facing apartment featuring a private balcony overlooking the ocean - a highly sought-after amenity that encourages strong tenant demand, premium rents, and excellent tenant retention. Additional income generated through coin-operated laundry, while the on-site parking lot is a valuable asset that enhances convenience for both commercial and residential tenants. A live-in superintendent is currently in place and may be retained, offering seamless day-to-day property management for investors seeking a hands-off ownership experience. With its balanced mix of commercial and residential income this property offers diversification that helps reduce investment risk while benefiting from multiple revenue streams. Opportunities to acquire quality waterfront income properties of this calibre are increasingly rare, making this an ideal addition to an investment portfolio or a strategic long-term hold. A CAP reate of just over 10% is particularly attractive in today's market, reflecting strong cash flow relative to the purchase price and providing investors with an excellent balance of immediate income. (id:13843)
Details
| MLS # | 202616313 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Year | 1999 |
| Days On Site | 65 |
| Listing Provided By | Royal Lepage Atlantic (Mahone Bay) | Tina Williamson |
Features
| Acreage | 0.28 |
|---|---|
| Water Front | Yes |
| Property View | Ocean view |
Interior
| Cooling | Air Conditioned |
|---|---|
| Heating | Heat Pump, Baseboard heaters, Electric, Ductless |
| Fireplace Yes / No | No |
Exterior
| Foundation Details | Concrete Slab |
|---|
Parking
| Parking Features | Paved Yard, Parking Space(s) |
|---|
Utilities
| Sewer | Septic System |
|---|---|
| Water Source | Drilled Well |
Area Information
| Province | NS |
|---|---|
| City | Barrington Passage |
| Postal Code | B0W1G0 |
| Listing VS Median (in B0W1G0) | |
Price: $725,000 low | high Med: $269,000 On site: 65 low | high Med: 95 | |
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Learn More About This Property
| Province | NS |
|---|---|
| City | Barrington Passage |
| Postal Code | B0W1G0 |
| Listing VS Median (in B0W1G0) | |
Price: $725,000 low | high Med: $269,000 On site: 65 low | high Med: 95 | |
Nearby Listings (Within 1/10 mile)
Price: $543K - $906K
sqft: 0 - 0
Listing Updated: September 5, 2026 at 4:34:49 AM PDT
