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:19018)

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