68 King Street, Saint John, New Brunswick, E2L1G4
Excellent opportunity to acquire a strong income-generating mixed-use property in the heart of Uptown Saint John. The property is currently tenanted with a restaurant occupying the first and second floors, generating $5,500/month in rent. The tenant is responsible for utilities (heat, power, water & sewer) and equipment maintenance, providing investors with a stable and attractive income stream. This 4-storey building offers approximately 1,700+ sq. ft. per level (approximate, to be verified). The first and second floors are zoned commercial, while the third and fourth floors are zoned residential, offering excellent potential for future residential development to increase overall returns. Any change of use or rezoning is subject to municipal approvals, allowing investors multiple long-term strategies. Situated on King Street in Uptown Saint John, this property benefits from a highly desirable urban location surrounded by major residential developments nearing completion. These projects are actively transforming the area, increasing population density, demand, and long-term property values. The property includes access and parking from Germain Street. Any chattels and/or equipment are to be confirmed in the Agreement of Purchase and Sale. secure a high-performing investment with immediate income and future upside in one of the most active growth corridors. Definitely worth a lookbook your showing appointment today. (id:2471)
EXIT Realty Specialists Brokerage - Miramichi
- Property Address: 68 King Street, Saint John, New Brunswick, E2L1G4
- Property Type: Multi-family
- Title: Freehold
- Lot Size: 1798
- Acreage: 1798 sqft
- Sewage Type: Municipal sewage system
- Water Type: Municipal water
- Access: Year-round access, Public Road
- Structure Style: Fourplex
- Storeys: 4
- Total Finished Area: 3400 sqft
- Floor Space: 3400 sqft
- Basement Type: Crawl space
- Exterior Type: Brick
- Flooring: Hardwood
- Foundation Type: Concrete
Listing Offices: EXIT Realty Specialists
This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association. REALTOR®, MLS® and the associated logos are trademarks of the Canadian Real Estate Association. This website is operated by a brokerage or salesperson who is a member of The Canadian Real Estate Association and is licensed to trade residential and/or commercialreal estate. Any out of province listing content on this website is not intended to solicit a trade in real estate. Any consumers interested in out of province listings must contact a person who is licensed to trade in real estate in that province. All information displayed on this website is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind.
CAP RATE of about 7. This 4-Plex with tenants paying...
- 0 Beds
- 0 Baths
Quiet East SJ Location close to amenities & on bus...
- 0 Beds
- 0 Baths
Introducing a solid five-unit investment opportunity in one of Saint...
- 0 Beds
- 0 Baths
This website is operated by a member of The Canadian Real Estate Association (CREA). The content on this website is owned or controlled by CREA. By accessing this website, the user agrees to be bound by these terms of use as amended from time to time, and agrees that these terms of use constitute a binding contract between the user, and CREA.
The content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically prohibited. Prohibited uses include commercial use, "screen scraping", "database scraping", and any other activity intended to collect, store, reorganize or manipulate the content of this website.
REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the professional real estate services provided by members of CREA.
The information contained on this website is based in whole or in part on information that is provided by members of CREA, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members, and assumes no responsibility for its completeness or accuracy.
We may at any time amend these Terms of Use by updating this posting. All users of this site are bound by these amendments should they wish to continue accessing the website, and should therefore periodically visit this page to review any and all such amendments.