42 Highway 330, Barrington Passage
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:1945)
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Property details for 42 Highway 330, Barrington Passage
- Type
- Multi-family
- Lot Size
- 0.2811
- Basement
- None
- Parking
- Paved Yard, Parking Space(s)
- Heating
- Heat Pump, Baseboard heaters, Electric, Ductless
- Cooling
- Air Conditioned
- Exterior
- Wood siding, Concrete Siding
- Ownership
- Freehold
Nearby Listings Stat
Estimated price and comparable properties near 42 Highway 330
Active Listings
6
Min Price
$99,000
Max Price
$725,000
Avg Price
$347,983
Days on Market
66
days
Sold Listings
0
Min Sold Price
$N/A
Max Sold Price
$N/A
Avg Sold Price
$N/A
Days until Sold
N/A
days
Price History
Listed
July 2, 2026
by Royal Lepage Atlantic (Mahone Bay)
Current Price
$725,000
-3.3% from last change
Type
Multi-family
For Sale
Price Changes
1
| Date | Price | Change |
|---|---|---|
| Current | $725,000 | $25,000 (-3.3%) |
| May 28, 2026 | $750,000 | Listed |
