1 Princess Street

Saint John, New Brunswick, E2L1J9

Multi-family
3,520 sq ft

Listing brokerage: Royal LePage Atlantic · Co-listing brokerage: Royal LePage Atlantic

Listing REALTOR®: Tim Somerville, Salesperson · Brittany Cramm

MLS® number: NB137588

Data provided by: New Brunswick

View this listing on REALTOR.ca

About this property

Welcome to 1 Princess Streetan iconic heritage property established in 1879 and widely recognized as the historic Thomas Furlong Building. Ideally located in the heart of uptown, this exceptional mixed-use property offers both commercial and residential space, all within steps of the Harbour Passage and showcasing views of the Bay of Fundy. The primary residence is a beautifully appointed two-storey unit featuring a spacious, well-designed kitchen, one-and-a-half bathrooms, a whirlpool tub, and in-unit laundry. Thoughtfully finished throughout, this unit offers both comfort and character, making it a standout living space. Total rental income can be higher (dependant on how much the owner resides in any of the units). Approx. total income $107,907 Approx. expenses: Taxes $13,781, insurance $4,800, garbage $240, Other $360, electricity $7,920, water/sewer $420, and maintenance $2,400. Approx. total expenses $29,921. Approx. net income $77,986. In addition to the main unit, the property includes two fully furnished residential flats and a lower-level commercial space, creating a versatile and income-generating opportunity. Currently operating as a turnkey Airbnb, this property is perfectly positioned directly across from Area 506 and the ongoing Fundy Quay transformationplacing it at the center of one of the citys most exciting and rapidly evolving areas. Each unit highlights quality craftsmanship and timeless charm, while the common areas feature beautiful built-in cabinetry. With exceptional curb appeal and evident pride of ownership throughout, this landmark property has been meticulously maintained. An opportunity to own one of the citys most recognizable heritage properties, offering strong income potential and unmatched characterthis is an investment that truly stands apart. (Note: Ground Floor recently rented out for $2,800 annual lease) (id:67706)

Details

Property type: Multi-family
Building type: Fourplex
Ownership: Freehold
Units: 4
Living area: 3,520 sq ft
Lot size: 829
Year built: 1879
Storeys: 4
Heating: Heat Pump, Baseboard heaters, Electric
Cooling: Heat Pump
Foundation: Concrete
Exterior: Brick, Stone
Flooring: Hardwood, Ceramic
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave
Water: Municipal water
Sewer: Municipal sewage system
View: Ocean view
Annual taxes: $13,781
MLS® number: NB137588

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