191-197 Université Avenue
Moncton, New Brunswick
MLS® NB135722
$1,600,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- NB135722
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 50Listing description
This great investment property has been fully renovated and includes 2 buildings and a parking lot all on one lot zoned MU. 191 Université includes 6 units, two 1 bedroom, two 2 bedrooms and 2 main floor commercial units. 197 Université is a stand alone building currently optimized for a medical clinic but could easily be adaptable for a wide range of professional uses, including Law or Accounting Firms Specialized Medical Practitioners (Physiotherapy, Dental, etc.)
, Creative Agencies or Tech Startups. Situated on Université avenue, these buildings benefit from high visibility and foot traffic. The location is a magnet for both commercial tenants seeking professional exposure and residential tenants wanting proximity to the University, local hospitals, and the downtown core.
The synergy of the neighborhood ensures a low vacancy rate and consistent demand across all unit types. As the Université corridor continues to develop, property values in this specific pocket are projected to see steady growth. The high-quality renovation ensures that the property will remain competitive in the rental market for decades to come, commanding top-tier rents in any economy.
Property summary
- MLS® number
- NB135722
- Property type
- Multi-family
- Square footage
- 4,561 sq ft
- Title
- Freehold
- Land size
- 1289 square meters
- Annual property taxes
- $23,285.88
- Days on market
- 160 days
Features & details
- Heating
- Heat Pump, Baseboard heaters, Electric
- Cooling
- Heat Pump
- Basement
- Partially finished, Full
- Flooring
- Hardwood, Laminate, Ceramic
- Appliances
- Washer, Refrigerator, Stove, Dryer
- Exterior features
- Other, Aluminum/Vinyl
- Lot features
- Level lot, Wheelchair access
What would this home cost you?
Based on the $1,600,000 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, 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.