Investment Goldmine in the heart of the city: Your Gateway to Rental Income Awaits! Welcome to an exceptional investment opportunity in the heart of downtown! This 5-plex residential building, built around 1975, offers the perfect blend of location, income potential, and versatility. Situated in a vibrant neighborhood with easy access to shopping, dining, entertainment, and public transportation, you can enjoy the convenience of urban living right outside your door. The building features a total of 5 units - one spacious 5-bedroom unit and four 1-bedroom units - each designed to maximize space and comfort. With a strong rental history, the current rental income is an impressive $6,920/month, making this property a lucrative investment. Each unit boasts modern finishes, vinyl and laminate flooring, and large windows that fill the space with natural light. The 5-bedroom unit is ideal for families or groups, while the 1-bedroom units cater to young professionals and couples. Sitting on a generous 534 sq. meters, this property provides ample space for tenants and potential outdoor areas. Located in a rapidly developing area, this property not only offers solid returns today but also has great potential for appreciation in the future. Don't miss your chance to own a prime piece of real estate in one of the city's most desirable locations. (27734944)
Downtown Fredericton to Brunswick Street
Property Type
Single Family
Annual Property Taxes
$10,144 (CAD)
Time on REALTOR.ca
14 days
Get a taste for the neighbourhood where this listing is located.
The following neighbourhood demographic information is provided by a third-party supplier based on census data from Statistics Canada.
No demographic information is available for this specific location.
Demographics data is temporarily unavailable
This calculator is for demonstration purposes only. The Canadian Real Estate Association does not guarantee that all calculations are accurate. Always consult a professional financial advisor before making personal financial decisions.