239 Britain Street
Saint John, New Brunswick
MLS® NB144277
$599,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- NB144277
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 31Listing description
A rare opportunity to acquire two multi-unit residential buildings on a single PID, offering a total of seven rental units in a prime uptown Saint John location and where tenants pay their own utilities. Situated at the corner of Britain Street and Pitt Street bordering the Turnbull Nursing Home. Building 1 is a Corner Building (Britain/Pitt); This structure contains four units: 239, 241 and 243 Britain Street as well as 239 Pitt Street.
Building 2 is a separate three-Unit building wholly on Pitt Street: 233, 235 and 237 Pitt Street. Strong Financial Performance: Gross Income: $89,160; Gross Expenses: $27,342; Net Operating Income: $61,818 equals an exceptional CAP Rate of just over 10%. This property is a well-configured, centrally located multi-unit package offering strong cash flow, operational efficiency with all units on one PID.
A solid opportunity for investors seeking income, stability, and long-term growth in a high-demand rental market.
Property summary
- MLS® number
- NB144277
- Property type
- Multi-family
- Square footage
- 7,000 sq ft
- Title
- Freehold
- Land size
- 4101 square feet
- Annual property taxes
- $8,022.00
- Days on market
- 39 days
Features & details
- Heating
- Baseboard heaters, Electric
- Basement
- Crawl space
- Flooring
- Hardwood, Laminate
- Appliances
- Refrigerator, Stove
- Exterior features
- Vinyl
What would this home cost you?
Based on the $599,000 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 Royal LePage Atlantic, Saint John.
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.