141-149 King Street Fredericton, New Brunswick E3B 1C8
$990,000
EXCEPTIONAL OPPORTUNITY! Zoned CC within the coveted Victoria Circle downtown, this 1226 sq M lot is a prized possession for the savvy investor. A dream for future development w/variety of permitted uses. Good revenue stream-watch your investment increase in value. The 2 buildings share the lot. The large family home with 5 bedrooms 2 1/2 baths has beautiful woodwork & stained-glass features. Enjoy informal family dinners in the large country-style kitchen complete with separate pantry. Nice size 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 and large welcoming foyer plus glassed-in verandah completes this main floor. Upstairs finds 4 bedrms; a wonderful front alcove, full bath & half bath. The bachelor apt above the mudroom/laundry rm addition has a framed door access into the main home from the primary bedroom upstairs. The ""Green House"" at 149 King St has 3 apartments and is said to be built in the early 1800's. 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 potential here to rent some parking spots for added revenue. The underlying value of the land alone makes this a fantastic investment. (id:19018)
Property Details
| MLS® Number | NB116718 |
| Property Type | Multi-family |
| Neigbourhood | Capital |
| Features | Balcony/deck/patio |
Building
| Appliances | Refrigerator, Stove, Washer, Dryer |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Constructed Date | 1920 |
| 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
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May 05 2025 01:45:19
Saint John Real Estate Board Inc
Royal LePage Atlantic
