2144,2149 Ocean Westway
Saint John, New Brunswick
MLS® NB136310
$3,800,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- NB136310
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 33Listing description
Welcome to 2144 and 2149 Ocean Westway, a fantastic investment opportunity featuring 19 fully renovated one-level, units ideal for professional workers. The property is in excellent condition and situated in a desirable area, offering easy access to the highway and nearby amenities. With strong rental numbers and modern updates throughout, this like-new property offers impressive financials.
The total annual rental income is $312,600, with units rented at varying rates: 2 at $ 1,100, 2 at $ 1,200, 1 at $ 1,250, 10 at $ 1,400, 2 at $ 1,500, and 2 at $ 1,600. Estimated annual expenses include $21,984 for taxes, $5600 for water and septic, $5000 for electricity, $10,301 for insurance, and $6986 for snow removal and garbage, totaling approximately $49,871. This results in an estimated net income of $262,729.
For serious investors seeking a high-performing and low-maintenance property, this is well worth a closer look.
Property summary
- MLS® number
- NB136310
- Property type
- Multi-family
- Square footage
- 9,500 sq ft
- Title
- Freehold
- Land size
- 3.27 acres
- Annual property taxes
- $21,984.00
- Days on market
- 169 days
Features & details
- Heating
- Baseboard heaters, Electric
- Flooring
- Vinyl
- Appliances
- Washer, Refrigerator, Dishwasher, Stove, Dryer
- Exterior features
- Wood, Vinyl
- Lot features
- Level lot, Sloping
What would this home cost you?
Based on the $3,800,000 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 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.