198 Princess Street

Saint John, New Brunswick, E2L1K9

Multi-family
3,650 sq ft

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

Listing REALTOR®: Chris Gallant, Salesperson · Kevin Donovan

MLS® number: NB149647

Data provided by: New Brunswick

View this listing on REALTOR.ca

About this property

A rare Uptown asset combining executive-level living space with multiple income-producing units, this century-old brick brownstone delivers both prestige and performance. Thoughtfully renovated with modern finishings while preserving the classic architectural detailing that defines Uptowns historic charm, the building offers investors a high-confidence blend of stability, desirability, and long-term appreciation potential. The nearly 2000 sq ft executive suite spans the top two floors and serves as a premium anchor unitideal for maximizing rental income or for owner-occupiers seeking significant offset. This suite includes a private rooftop deck with unobstructed views of the Bay of Fundy and Saint John Harbour, an open-concept kitchen and living area with granite-topped island and built-in wine fridge, plus refined finishes throughout. The first level features a kitchen, living room, and 3/4 bath, while the upper level offers rooftop access, a spacious den/office, and a large primary bedroom with tile-shower ensuite and walk-in closet. I addition to the executive suite, the property generates reliable income through a diverse and efficient unit mix: Three One-Bedroom Units strong demand profile and consistent tenancy Two Bachelor Units low turnover, high affordability appeal Off-street parking for one vehicle adds convenience in this high-demand Uptown location, further supporting tenant retention and premium rents. Whether operated as a fully rented turnkey investment or owner-occupied with substantial income support, this property offers exceptional flexibility, strong cash-flow fundamentals, and a prime location in one of Saint Johns most sought-after neighbourhoods. A standout opportunity for investors seeking a stable, upscale, and strategically positioned multi-unit asset. (id:67706)

Details

Property type: Multi-family
Ownership: Freehold
Units: 6
Living area: 3,650 sq ft
Lot size: 1872
Heating: Heat Pump, Electric
Cooling: Heat Pump
Basement: Crawl space
Foundation: Concrete
Exterior: Brick
Flooring: Tile, Hardwood
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave
Water: Municipal water
Sewer: Municipal sewage system
View: Ocean view
Annual taxes: $11,197
MLS® number: NB149647

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