$9,800,000
1032 Cleveland Avenue
Riverview, New Brunswick, E1B0K8
- Multi-family
- 39,410 sq ft
Listing brokerage: Colliers International New Brunswick
Listing REALTOR®: Maulen Kalau, Salesperson
MLS® number: NB134427
Data provided by: New Brunswick
About this property
Completed in January 2025, 1032 Cleveland Avenue is a newly constructed 35-unit multi-residential asset located in Riverviews fastest-growing commercial node. This modern apartment building offers strong curb appeal, high-quality construction, and contemporary unit layouts designed to attract a broad tenant profile and support long-term occupancy stability. The property features an excellent parking ratio with 23 underground stalls and 29 surface parking spaces, enhancing tenant convenience and overall asset competitiveness. Units are built to top-tier rental standards with efficient floor plans and bright, modern finishes. Tenants benefit from walkable access to major retailers, restaurants, services, schools, parks, and public transit, along with quick connectivity to Gunningsville Boulevard and Downtown Moncton, making this one of the areas most desirable rental nodes. An added value component includes 0.41 acres of surplus land with conceptual plans for approximately 4,000 square feet of future commercial development, offering long-term expansion potential. Optional opportunity to acquire a separate fully leased commercial building occupied by a national tenant. Turnkey, institutional-quality asset in one of Greater Monctons strongest rental markets with built-in growth drivers. Financials are available after a signed NDA. (id:67706)
Details
- Property type
- Multi-family
- Ownership
- Freehold
- Units
- 35
- Living area
- 39,410 sq ft
- Lot size
- 1.11
- Year built
- 2025
- Heating
- Baseboard heaters
- Cooling
- Air Conditioned
- Basement
- None
- Flooring
- Vinyl
- Sewer
- Municipal sewage system
- Annual taxes
- $84,853
- MLS® number
- NB134427
Terms of use for listing information: by using this site you agree to these terms and the site Terms of Use.
This website is operated by Nick Badyal, a REALTOR® member of The Canadian Real Estate Association (CREA), with Century 21 Generation Real Estate Advisors (residential) and ONE Commercial Real Estate Advisors (commercial). Listings shown are New Brunswick MLS® listings from the REALTOR.ca DDF®; most are listed by other brokerages, and each listing names its listing brokerage.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. REALTOR.ca Canada Inc. reproduces and distributes this information as a service for its members and neither CREA nor REALTOR.ca Canada Inc. assumes responsibility for its accuracy.
The listing 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 forbidden. The prohibited uses include commercial use, “screen scraping”, “database scraping”, and any other activity intended to collect, store, reorganize or manipulate data on the pages produced by or displayed on this website.
Listings are refreshed from the REALTOR.ca DDF® at least every 24 hours and listings that are no longer current are removed. Photos are displayed as supplied, without alteration. No listing content on this site is augmented.