LOADING

785-787 Main Street Moncton, New Brunswick E1C 1E9

Heat Pump Heat Pump, Hot Water, Radiator

$1,025,000

This prime investment opportunity is perfectly situated in the heart of downtown Moncton, offering an unbeatable location and steady rental income. The building consists of one commercial unitcurrently occupied by Cest la Vie Café as a long-term tenant on a secure leaseand four fully occupied residential units. Please note, the café is not for sale but will remain as a tenant, providing consistent revenue for the new owner. Basement is partially finished. The residential units boast an impeccable rental history with no vacancies since 2012, contributing to a total rental income of over $120,000 annually. The building is efficiently heated with natural gas, hot water radiators, and electric mini splits, while its position between two other buildings enhances energy efficiency. With separate utility metering, minimal additional expenses, and the commercial tenant covering snow removal, garbage, and patio costs, this property offers low maintenance and strong profitability. Priced at $1,025,000, this investment promises excellent returns. Detailed financials are available in the attached income/expense statement, or contact the listing agent for further information. Properties like this1 commercial unit and 4 residential unitsrarely come on the market in downtown Moncton. Dont miss this opportunity! (id:55272)

Property Details

MLS® Number NB107278
Property Type Multi-family
EquipmentType Water Heater
RentalEquipmentType Water Heater

Building

Appliances Refrigerator, Microwave, Stove, Washer, Dryer
CoolingType Heat Pump
ExteriorFinish Aluminum/vinyl
FlooringType Ceramic, Laminate, Linoleum
FoundationType Concrete, Stone
HeatingFuel Natural Gas
HeatingType Heat Pump, Hot Water, Radiator
StoriesTotal 3
TotalFinishedArea 5550 Sqft
UtilityWater Municipal Water

Land

AccessType Year-round Access
Acreage No
Sewer Municipal Sewage System
SizeIrregular 215
SizeTotal 215 M2
SizeTotalText 215 M2
ZoningDescription Commercial & Residen

https://www.realtor.ca/real-estate/27503844/785-787-main-street-moncton

Interested?

Contact us for more information


Generating Captcha

Sean Power
Salesperson


Exp Realty
Moncton Region Office
Moncton, New Brunswick E3B 2M5

Lisabelle Boudreau
Salesperson


Exp Realty
Moncton Region Office
Moncton, New Brunswick E3B 2M5

Your Favourites

 

No Favourites Found

 

Compare listings

Compare