34
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$390,000
Est. payment /mo
3,000 SqFt
New
97 Victoria Street Saint John, NB E2K1L2
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Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3000
Square Footage 3,000 sqft
Price per Sqft $130
MLS® Listing ID NB140038
Year Built 1955
Lot Size 3,003 Sqft
Acres 3003.0
Property Sub-Type Freehold
Property Description
Welcome to 97 Victoria Street, Saint John an excellent income-generating triplex opportunity for investors seeking strong cash flow and long-term value. This well-maintained three-unit property features a functional and desirable layout with three-bedroom, one-bathroom units in each suite, offering spacious living for tenants. Each unit is equipped with its own separate electrical meter, helping to keep operating expenses low and simplifying management for the owner. All units include in-unit laundry access, with additional coin-operated laundry providing extra convenience and potential supplementary income. Each unit also features a private deck or balcony, adding valuable outdoor living space for tenants. The property has been well cared for, including a roof inspection/service completed in 2024, ensuring peace of mind for future ownership. The building is in solid condition and has been maintained for reliable performance. Currently, tenants are paying approximately $625 per room plus utilities, generating stable rental income with strong upside potential for future rent increases. With nine bedrooms in total across all units, this property delivers excellent income density and strong investment fundamentals. Outside, the property offers a fenced backyard, providing additional usable space and tenant appeal. Located in the highly accessible North End of Saint John, the property is within walking distance to schools, restaurants, shopping, parks, and everyday amenities, with easy access via Main Street and surrounding routes. Whether you are a seasoned investor or looking to enter the multi-family market, this property presents a rare opportunity to secure a cash-flowing asset in a growing area. Based on current numbers, the property offers an estimated cap rate in the 79% range, depending on expenses and management strategy. Dont miss this opportunity to add a strong performing triplex to your portfolio. Call to book your private viewing today! (id:24570)
Location
Province NB
Rooms
Kitchen 0.0
Interior
Heating Hot Water,
Flooring Laminate, Linoleum
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by EXIT Realty Specialists
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