197-199 Canada Street Fredericton, New Brunswick E3A 3Z8

$769,900

Presenting a rare & exceptional turn key investment opportunity with Nashwaak River View from all 4 units plus potential development in this oversized City lot. This brick fourplex combines historic charm with modern reliability offering a truly turn-key asset in a prime location. Meticulously maintained with no deferred maintenance, this property is the definition of a stable, high-performing addition to any real estate portfolio! Extensively renovated from top-to-bottom in 2007, effectively creating a new building. All 4 units feature high ceilings. The desirable unit mix includes 2 spacious two-bedroom units and 2 versatile one-bedroom & den - perfect for accommodating professionals needing a home office. Investors will appreciate the stability provided by long-term tenants & a low turnover rate. The property generates additional income with separate coin-operated laundry facilities for each side (197 and 199). Recent major updates, including a new roof to ensure peace of mind and protect your investment for years to come. A rare find within the city. Tenants will also enjoy the use of a large backyard and private decks. Direct across from the Northside walking trail & the convenience of a city transit stop just steps from the front door. This is an unparalleled opportunity to acquire a cash-flow positive, problem-free investment property in a sought-after location. Check with your Realtor for showings instructions! All showings must have 24 hour notice. (id:50541)

Property Details

MLS® Number	NB125924
Property Type	Multi-family
Features	Treed, Balcony/deck/patio

Building

Appliances	Refrigerator, Stove, Washer, Dryer
Basement Type	Full
Constructed Date	1900
Exterior Finish	Brick
Fire Protection	Smoke Detectors
Flooring Type	Carpeted
Foundation Type	Stone
Heating Fuel	Electric
Heating Type	Baseboard Heaters
Stories Total	2
Size Interior	2,500 Ft2
Total Finished Area	2500 Sqft
Type	Fourplex
Utility Water	Municipal Water

Land

Access Type	Year-round Access, Public Road
Acreage	No
Landscape Features	Landscaped
Sewer	Municipal Sewage System
Size Irregular	2787
Size Total	2787 M2
Size Total Text	2787 M2

https://www.realtor.ca/real-estate/28804299/197-199-canada-street-fredericton