Scott Morgan - Sutton
44 Baldwin Street
Brooklin, ON L1M1A2
$529,900 $2,845 est/mo Sourced by Back At You
272-274 Tower Street,Saint John, NB E2M1Z7
Saint John, NB E2M1Z7
Description
Here's an opportunity to get into multifamily real estate with five occupied units, off street parking, separate coin operated laundry, and an additional vacant lot included in the sale. Located on Saint John's West Side, this property is priced at $529,900, working out to just over $100K per unit, while the combined parcels offer an impressive 9,988.91 sq ft of land. The building features three 2 bedroom units and two 1 bedroom units, with all five currently occupied and generating a combined $5,725.75 in monthly rental income, or approximately $68,709 annually. Current rents range from $925 to $1400 per month, offering an investor an established income stream from day one. For the seasoned investor, this is a straightforward addition to a portfolio. For the first time investor, it offers a manageable way to step into multifamily ownership with multiple income streams under one roof. And then there's the land. The neighbouring vacant lot is included, giving the next owner nearly 10,000 sq ft across the combined property and opening the door to future possibilities, subject to the necessary approvals. Five units. Five income streams. Nearly 10,000 sq ft of land. One compelling opportunity to build your investment portfolio. (id:13843)
Details
| MLS # | NB146431 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 65 |
| Listing Provided By | RE/MAX Professionals | Judy Mitchell |
Features
| SQ Feet | 3,600 |
|---|---|
| Story(s) | 2 |
| Units | 5 |
| Acreage | 0.23 |
Interior
| Heating | Oil |
|---|---|
| Appliances | Washer, Refrigerator, Stove, Dryer |
| Fireplace Yes / No | No |
Exterior
| Foundation Details | Concrete |
|---|
Utilities
| Sewer | Municipal sewage system |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 5633.43 |
|---|
Area Information
| Province | NB |
|---|---|
| City | Saint John |
| Postal Code | E2M1Z7 |
| Listing VS Median (in E2M1Z7) | |
Price: $529,900 low | high Med: $529,900 sqft: 3,600 low | high Med: 3,600 $ / sqft: $147 low | high Med: $147 On site: 65 low | high Med: 65 | |
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Learn More About This Property
| Province | NB |
|---|---|
| City | Saint John |
| Postal Code | E2M1Z7 |
| Listing VS Median (in E2M1Z7) | |
Price: $529,900 low | high Med: $529,900 sqft: 3,600 low | high Med: 3,600 $ / sqft: $147 low | high Med: $147 On site: 65 low | high Med: 65 | |
Nearby Listings (Within 1/4 mile)
Price: $397K - $662K
sqft: 2,500 - 4,500
Listing Updated: September 28, 2026 at 9:01:07 PM PDT
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