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Home NB Greater Saint John Saint John North End
241-243 Millidge Avenue
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241-243 Millidge Avenue $1,725,000
$1,725,000
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241-243 Millidge Avenue
Saint John, New Brunswick E2K2M4

MLS® Number: NB101742

Listing Description

Discover an exceptional investment opportunity in the thriving north end of Saint John. Strategically situated at 241-243 Millidge Avenue, this mixed-use property offers a seamless blend of commercial and residential spaces, ideal for investors seeking a turn-key venture in a high-demand location. - Positioned next to affluent Millidgeville and serving the busy North End, this property benefits from increased visibility and accessibility, catering to a diverse clientele and tenant base. - The main floor features a well-established convenience and fast food franchise, boasting numerous updates and an enhanced electrical system. This commercial unit is poised for continued success, providing steady rental income from day one. - The second floor comprises five completely renovated multi-family units, each fitted with new electrical panels and meters. These modernized units are perfect for attracting quality tenants, ensuring consistent occupancy and rental returns. - Both the commercial and residential spaces have been meticulously updated, eliminating the need for further work and allowing you to start generating income immediately. This property presents a rare opportunity to acquire a no-work-required investment in a rapidly growing area. Prospective buyers are encouraged to demonstrate financial capability before receiving detailed financial information from the seller. Don't miss out on this amazing property a prime addition to any investment portfolio! (27145121)

Property Summary

Property Type
Multi-family
Storeys
2
Land Size
1018 m2
Annual Property Taxes
$14,365.33
Time on REALTOR.ca
14 days

Price and Sale History

Date Status Price
Jul 31, 2022 Sale Closed $750,000

Building

Interior Features
Appliances Included
Refrigerator, Microwave, Stove, Washer, Dishwasher, Dryer
Building Features
Rental Equipment
Water Heater
Total Units
5
Heating & Cooling
Cooling
Heat Pump
Heating Type
Baseboard heaters, Heat Pump, (Electric)
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Brick, Vinyl

Measurements

Total Finished Area
5630 sqft
Data provided by: New Brunswick Real Estate Board Unit 1 - 1000 Sandy Point Road, Saint John, New Brunswick E2K 5H3

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