141-149 King Street Fredericton, New Brunswick E3B 1C8

$990,000

EXCEPTIONAL OPPORTUNITY! Zoned CC within the coveted Victoria Circle downtown, permitted uses from A to V (Apartment building to Vocational/tech school) & 49 more uses in between! This 1226 sq M lot is a prized possession for the savvy investor w/ good revenue stream, while you plan your future development. 2 buildings share the lot with a total of 5 units. The lg family home w/ 5 bedrooms 2 1/2 baths has beautiful woodwork & stained-glass features. Enjoy family dinners in the large country-style kitchen complete with separate pantry. Dining rm w/stained-glass windows, built in cabinetry & French doors opens onto living room. A main floor bedrm w/beautiful stained-glass windows, full bath, large welcoming foyer plus glassed-in verandah completes this main floor. Upstairs finds 4 bedrms; a wonderful front alcove, full bath & half bath. Want to open the bachelor apt to main home? That's easy -it has framed door access from primary bedrm. The 3rd floor attic has potential too. This is a house to explore! 149 King St has 3 apartments. The upstairs unit enjoys a nice size living room, eat-in kitchen, bedroom & bath with a back mudroom w/ laundry and verandah overlooking the huge backyard. Downstairs are 2 smaller units. Both buildings have natural gas heat. Rent revenue is based on the projected income, with all units occupied. Loads of parking is an attractive feature if you wish to create a commercial use. The underlying value of the land alone makes this a fantastic investment. (id:50541)

Property Details

MLS® Number	NB116718
Property Type	Multi-family
Features	Balcony/deck/patio

Building

Appliances	Refrigerator, Stove, Washer, Dryer
Basement Development	Unfinished
Basement Type	Full (unfinished)
Constructed Date	1890
Exterior Finish	Vinyl, Wood
Fire Protection	Smoke Detectors
Flooring Type	Laminate, Vinyl, Linoleum, Hardwood
Foundation Type	Concrete, Stone
Heating Fuel	Natural Gas
Heating Type	Baseboard Heaters, Hot Water
Stories Total	3
Total Finished Area	3296 Sqft
Utility Water	Municipal Water

Land

Access Type	Year-round Access
Acreage	No
Sewer	Municipal Sewage System
Size Irregular	1226
Size Total	1226 M2
Size Total Text	1226 M2
Zoning Description	Cc

https://www.realtor.ca/real-estate/28258549/141-149-king-street-fredericton