We use cookies and other technologies for functionality, security, and to provide you with a personalized experience on our online services. By continuing to use our online services, you agree to our Privacy Policy and Terms of Use. For information on how to adjust your privacy settings, visit our Cookie Policy.
Dismiss
Home NB Greater Saint John Saint John Island View
49 Quinton Avenue
Directions Print
49 Quinton Avenue $1,500,000
$1,500,000
Hide
Favourite

49 Quinton Avenue
Saint John, New Brunswick E2M5L7

MLS® Number: NB108277

Listing Description

INVESTMENT ALERT!! Here is your chance to own a 10 Unit Apartment building in probably the most desirable area of Saint John West. This building is an ICON of the Westside and tucked away in a residential neighbourhood. With the City Transits New Flex System in place this is a great home for tenants without vehicles. There is currently a 4 bay garage (dirt floor), and 3 lots total adding to the investment. Current owners has an application into the City of SJ to build another 11 unit building on the property. We do believe that there is a very good chance this will be approved also increasing the value of the land and potential. There are some long term tenants and some newer ones. Building has a new Roof and Propane Furnace. The building consist of 8 One bedroom plus den units these can be used as a second smaller bedroom as well and 2 Three bedroom units on the Top Floor. Current Rent Roll is 1+Den units = $650,$1200,$1035,$790,$1035,$1200,$790,$1250 ( As you can tell there is room for increases). 3 Bedroom units = $1400,$2000 with a total Rent Roll currently at $136,200 / YEAR, plus $2200 in laundry income... If all units were at Market Rents Revenue could be $165,400. Operating Expenses are Property Tax $13,725, Insurance $5292, Electricity $3730, Garbage $3105, Snow Removal $1100, Water/Sewage $2877, Heat $13,773. Total Operating Expenses =$43,602 with a NET of $94,798. Showing will be starting on October 24 and offers will be considered as them come. (27679236)

Property Summary

Property Type
Multi-family
Storeys
3
Land Size
18000 sqft
Annual Property Taxes
$13,725
Time on REALTOR.ca
22 days

Price and Sale History

Date Status Price
May 30, 2022 Sale Closed $1,000,000

Building

Interior Features
Appliances Included
Refrigerator, Stove, Washer, Dryer
Flooring
Hardwood
Basement Type
Full
Building Features
Foundation Type
Concrete
Fire Protection
Smoke Detectors, Alarm system
Rental Equipment
None
Total Units
10
Heating & Cooling
Heating Type
Forced air, (Propane)
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Vinyl, Wood

Measurements

Total Finished Area
6000 sqft

Land

Other Property Information
Access
Year-round access
Data provided by: New Brunswick Real Estate Board Unit 1 - 1000 Sandy Point Road, Saint John, New Brunswick E2K 5H3

Similar Listings

Marcus Power