235 West Lane, Moncton
$1,160,000 - 4,756 Sf
MLS® # M159594
Keller Williams Capital Realty
785-787 Main Street, Moncton
$1,025,000
0 Beds
0 Baths
0 Sqft
.05 Acres
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:6289)
Essential Information
Listing #NB107278
Price$1,025,000
Bathrooms0.00
Acres0.05
TypeMulti-family
Sub-TypeFreehold
Community Information
Address785-787 Main Street
CityMoncton
ProvinceNew Brunswick
Postal CodeE1C1E9
Interior
CoolingHeat Pump
# of Stories3
Appliances
Refrigerator, Microwave, Stove, Washer, Dryer
Heating
Natural gas Heat Pump, Hot Water, Radiator
Exterior
ExteriorAluminum/Vinyl
RoofOther
FoundationConcrete, Stone
Listing Details
OfficeEXP Realty
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