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Renanza Realty
For sale

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

Listing 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.

Estimated monthly payment$7,445 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

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.