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Home NB Greater Saint John Saint John Uptown
61-63 Union Street
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61-63 Union Street $6,599,000
$6,599,000
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61-63 Union Street
Saint John, New Brunswick E2L1A2

MLS® Number: NB108707

Listing Description

In a booming real estate market and a growing population in Saint John, this property presents a great opportunity to consolidate your investments in a big way, under one roof. This property offers two apartment towers, each 5 stories, 13 units at 61 Union and 12 units at 63 Union, for a total of 25 units (24x2 bed, 1 bachelor), plus 104 parking spaces, 55 of which are indoor. Across the street, tenants can wander through the maze of indoor pedways, from the Aquatic Center to Brunswick Square, Market Square, TD Sports Center, City Market, etc, so who cares about a hard winter, while you enjoy city shopping and restaurants!!. Both towers have been completely remodeled in the last 10 years, along with new siding and modified roofs. Enjoy the spacious two bedroom units and stunning harbour views and cruise ships from several units. All appliances are currently owned by the seller and included in the sale price. Annual rent roll is around $690,000 and continually growing; Property tax $107 083; Utilities (including electricity, heat, water & sewage) $71,558; Insurance $23,100; Repairs and Maintenance (including garbage, lawncare and snow removal) $20,625; Management $27,381; With a net income of approximately 440k. Proof of financing may be required prior to viewing the property. First viewing will be limited to a couple of typical units. All info and measurements to be verified by purchaser prior to closing. See Video link>> https://vimeo.com/937769803 (27714320)

Location Description

Union st is the main arterial connecting East SJ to city centre, North and West

Property Summary

Property Type
Multi-family
Storeys
5
Land Size
24315 sqft
Built in
1960
Annual Property Taxes
$107,082.69
Time on REALTOR.ca
13 days

Building

Interior Features
Flooring
Ceramic, Laminate, Wood
Building Features
Foundation Type
Concrete
Fire Protection
Monitored Alarm, Smoke Detectors, Sprinkler System-Fire
Rental Equipment
None
Total Units
25
Heating & Cooling
Cooling
Heat Pump
Heating Type
Heat Pump, (Electric), (Natural gas)
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Brick, Vinyl

Measurements

Total Finished Area
27762 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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