390 Northumberland Street
Fredericton, New Brunswick
MLS® NB143986
$349,900
- Status
- Active
- Property type
- Multi-family
- MLS® number
- NB143986
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 1938
1 / 28Listing description
An outstanding opportunity to start or expand your investment portfolio in one of Fredericton's most desirable downtown locations. This two-unit property offers excellent income potential with room for future growth, as current rents are below market value. The property features a spacious main level two-bedroom unit currently rented for $1150 per month plus heat and lights, along with a one-bedroom upper-level unit currently rented for $775 per month plus heat and lights.
Leases in effect until September 2027. Each unit is separately metered, providing added convenience for both owners and tenants. Shared laundry facilities on main level.
The unbeatable downtown location is one of this property's greatest assets. Walk to restaurants, cafés, shopping, parks, entertainment venues, schools, and the scenic riverfront trail system. Public transit is also nearby, an added convenience.
Whether you are purchasing your first income property or adding to an established portfolio, this is a smart investment in a highly sought after area where demand for rental housing remains strong.
Property summary
- MLS® number
- NB143986
- Property type
- Multi-family
- Building type
- Duplex
- Square footage
- 1,061 sq ft
- Title
- Freehold
- Land size
- 243 square meters
- Built in
- 1938
- Annual property taxes
- $4,597.65
- Days on market
- 65 days
Features & details
- Heating
- Baseboard heaters, Electric
- Flooring
- Laminate
- Appliances
- Washer, Refrigerator, Stove, Dryer
- Exterior features
- Vinyl
- Lot features
- Level lot, Balcony/Deck/Patio
What would this home cost you?
Based on the $349,900 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 Keller Williams Capital Realty, Fredericton.
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.