1032 Cleveland Avenue
Riverview, New Brunswick
MLS® NB134427
$9,800,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- NB134427
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 2025
1 / 28Listing description
Completed in January 2025, 1032 Cleveland Avenue is a newly constructed 35-unit multi-residential asset located in Riverviews fastest-growing commercial node. This modern apartment building offers strong curb appeal, high-quality construction, and contemporary unit layouts designed to attract a broad tenant profile and support long-term occupancy stability. The property features an excellent parking ratio with 23 underground stalls and 29 surface parking spaces, enhancing tenant convenience and overall asset competitiveness.
Units are built to top-tier rental standards with efficient floor plans and bright, modern finishes. Tenants benefit from walkable access to major retailers, restaurants, services, schools, parks, and public transit, along with quick connectivity to Gunningsville Boulevard and Downtown Moncton, making this one of the areas most desirable rental nodes. An added value component includes 0.
41 acres of surplus land with conceptual plans for approximately 4,000 square feet of future commercial development, offering long-term expansion potential. Optional opportunity to acquire a separate fully leased commercial building occupied by a national tenant. Turnkey, institutional-quality asset in one of Greater Monctons strongest rental markets with built-in growth drivers.
Financials are available after a signed NDA.
Property summary
- MLS® number
- NB134427
- Property type
- Multi-family
- Square footage
- 39,410 sq ft
- Title
- Freehold
- Land size
- 1.11 acres
- Built in
- 2025
- Annual property taxes
- $84,852.72
- Days on market
- 195 days
Features & details
- Heating
- Baseboard heaters
- Cooling
- Air Conditioned
- Basement
- None
- Flooring
- Vinyl
What would this home cost you?
Based on the $9,800,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Colliers International New Brunswick, Moncton.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.