183 Canterbury Saint John, New Brunswick E2L 2E3

$475,000

Turnkey 4-unit investment property with parking, located on highly desirable Canterbury Street in the heart of Uptown Saint John. Fully occupied and steps away from fabulous dining, the popular Container Village, Cruise Ship Terminal, and within walking distance to shops and all other downtown amenities. The building includes a spacious bachelor unit in the basement renting for $1,000/month, a bachelor on the main floor at $472.50/month, a 1-bedroom unit on the main floor at $1,050/month, and a bright 3-bedroom unit on the top floor renting for $1,595/month. Total monthly rental income is $4,117.50, generating an annual gross income of $49,410. Tenants pay their own heat and lights, and all but one unit include in-suite laundry. With a strong cap rate of 6.82%, this well-maintained property offers immediate cash flow and long-term value in a growing, high-demand area near major redevelopment projects like the Fundy Quay and Market Square revitalization. (id:50541)

Property Details

MLS® Number	NB123048
Property Type	Multi-family
Equipment Type	Water Heater
Features	Balcony/deck/patio
Rental Equipment Type	Water Heater

Building

Appliances	Refrigerator, Stove, Washer, Dryer
Exterior Finish	Vinyl
Fire Protection	Smoke Detectors
Flooring Type	Vinyl
Foundation Type	Concrete
Heating Fuel	Electric
Heating Type	Baseboard Heaters
Total Finished Area	1956 Sqft
Type	Fourplex
Utility Water	Municipal Water

Land

Acreage	No
Sewer	Municipal Sewage System
Size Irregular	3584
Size Total	3584 Sqft
Size Total Text	3584 Sqft

https://www.realtor.ca/real-estate/28619433/183-canterbury-saint-john