$1,595,000
191-197 Université Avenue
Moncton, New Brunswick, E1C5K4
- Multi-family
- 4,561 sq ft
Listing brokerage: Royal LePage Atlantic
Listing REALTOR®: Marc Richard, Salesperson
MLS® number: NB135722
Data provided by: New Brunswick
About this property
This great investment property has been fully renovated and includes 2 buildings and a parking lot all on one lot zoned MU. 191 Université includes 6 units, two 1 bedroom, two 2 bedrooms and 2 main floor commercial units. 197 Université is a stand alone building currently optimized for a medical clinic but could easily be adaptable for a wide range of professional uses, including Law or Accounting Firms Specialized Medical Practitioners (Physiotherapy, Dental, etc.), Creative Agencies or Tech Startups. Situated on Université avenue, these buildings benefit from high visibility and foot traffic. The location is a magnet for both commercial tenants seeking professional exposure and residential tenants wanting proximity to the University, local hospitals, and the downtown core. The synergy of the neighborhood ensures a low vacancy rate and consistent demand across all unit types. As the Université corridor continues to develop, property values in this specific pocket are projected to see steady growth. The high-quality renovation ensures that the property will remain competitive in the rental market for decades to come, commanding top-tier rents in any economy. (id:67706)
Details
- Property type
- Multi-family
- Ownership
- Freehold
- Units
- 7
- Living area
- 4,561 sq ft
- Lot size
- 1289
- Heating
- Heat Pump, Baseboard heaters, Electric
- Cooling
- Heat Pump
- Basement
- Partially finished, Full
- Foundation
- Concrete
- Exterior
- Other, Aluminum/Vinyl
- Flooring
- Hardwood, Laminate, Ceramic
- Appliances
- Washer, Refrigerator, Stove, Dryer
- Water
- Municipal water
- Sewer
- Municipal sewage system
- Annual taxes
- $23,286
- MLS® number
- NB135722
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