203 Queen Street W Saint John, New Brunswick E2M 2C7
$325,000
Welcome to 203 Queen Street West! Conveniently located near a park with easy access to the highway and situated on a bus route, this three-unit income property sits on a generously sized lot with a spacious yard. Its a solid investment opportunity with strong financials. The building includes two 1-bedroom units and one 4-bedroom unit, making it ideal for an owner-occupier or as a full investment property. Current rents are $895, $943.50, and $1,095, for a total annual rental income of $35,202. Approximate annual expenses are as follows: Insurance: $1,330 Water & Sewer: $2,783 Electricity: $620 Property Taxes: $3,886 Total Expenses: $8,619 Approximate Net Income: $26,583. Tenants are responsible for their own heat and electricity. (id:55272)
Property Details
| MLS® Number | NB118605 |
| Property Type | Multi-family |
| EquipmentType | Water Heater |
| Features | Level Lot |
| RentalEquipmentType | Water Heater |
Building
| ExteriorFinish | Vinyl |
| FlooringType | Wood |
| FoundationType | Concrete |
| HeatingFuel | Electric |
| HeatingType | Baseboard Heaters |
| StoriesTotal | 2 |
| TotalFinishedArea | 1800 Sqft |
| Type | Triplex |
| UtilityWater | Municipal Water |
Land
| AccessType | Year-round Access |
| Acreage | No |
| LandscapeFeatures | Landscaped |
| Sewer | Municipal Sewage System |
| SizeIrregular | 5145 |
| SizeTotal | 5145 Sqft |
| SizeTotalText | 5145 Sqft |
https://www.realtor.ca/real-estate/28319325/203-queen-street-w-saint-john
Interested?
Contact us for more information
Tim Somerville
Salesperson
71 Paradise Row
Saint John, New Brunswick E2K 3H6
Nicholas Garnett
Salesperson
71 Paradise Row
Saint John, New Brunswick E2K 3H6
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
May 15 2025 07:15:05
Saint John Real Estate Board Inc
Royal LePage Atlantic