116-118 Lancaster Drive Saint John, New Brunswick E2M 1H9

$179,900

Welcome to 116118 Lancaster Street, a well-maintained duplex on Saint Johns west side. Each spacious unit features 3 bedrooms, a full bathroom, and a functional kitchen, with plenty of natural light throughout. Both units also offer in-unit laundry hookups conveniently located at the back of each space. This property presents an excellent investment opportunity with current rental income of $1,075 for Unit 116 and $1,110 for Unit 118, for a combined total of $2,185 per month. Tenants cover their own utilities, making this a straightforward, income-generating property. Situated close to schools, parks, shopping, and all west side amenities, this duplex is ideal for investors or owner-occupiers seeking both affordability and steady returns. Expenses: *Water heater rental - $354/year* Insurance: $1842. Taxes: $4641. Water/Sewage: $2887.Total Expenses - 9724. Total Income $25800 - Expenses = $16076. (id:50541)

Property Details

MLS® Number	NB125599
Property Type	Multi-family
Equipment Type	Water Heater
Rental Equipment Type	Water Heater

Building

Exterior Finish	Wood Siding
Flooring Type	Other
Foundation Type	Concrete
Heating Fuel	Electric
Heating Type	Baseboard Heaters
Size Interior	1,980 Ft2
Total Finished Area	1980 Sqft
Type	Duplex
Utility Water	Municipal Water

Land

Access Type	Year-round Access
Acreage	No
Sewer	Municipal Sewage System
Size Irregular	1410
Size Total	1410 Sqft
Size Total Text	1410 Sqft

https://www.realtor.ca/real-estate/28804049/116-118-lancaster-drive-saint-john