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Home NB Greater Saint John Saint John Waterloo
38-40 Cliff Street
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38-40 Cliff Street $698,500
1 day ago
$698,500
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38-40 Cliff Street
Saint John, New Brunswick E2L3A7

MLS® Number: NB116369

Listing Description

Dont miss this exceptional opportunity to own a fully rented 5-unit income property in the heart of uptown Saint John. This well-maintained building features a strong unit mix with two 1-bedroom units, two 3-bedroom units, and one fully furnished bachelor unitideal for both long-term and short-term rental strategies. Unit Breakdown: Unit 1: 1-bedroom with spacious living room, full kitchen, bath, and private deck. Unit 2: Fully furnished bachelor with recent updates including new kitchen, bath, and flooringperfect for short-term rentals. Unit 3: 3-bedroom with large living area, eat-in kitchen, full bath, laundry, and storage. Unit 4: 3-bedroom upper-level unit with oversized primary bedroom, full bath, eat-in kitchen, in-unit laundry, and ample storage. Unit 5: 1-bedroom with generous living space, eat-in kitchen, full bath, and storage. Please note, unit 2 fully furnished, This unit has been recently vacant. Rental income for this unit was $1200 per month. Total rental income was $69,600 per year. Leaving a net income of $54,007.78. Unit will remain vacant during the sale. Property Highlights: Prime uptown location within walking distance to all amenities Off-street parking included Excellent income potential with strong rental history Flexible configuration ideal for diversified investment portfolio Whether youre expanding your portfolio or entering the market, this turnkey property offers excellent value and versatility. (28314007)

Property Summary

Property Type
Multi-family
Storeys
2
Land Size
4003 sqft
Annual Property Taxes
$7,166.86
Time on REALTOR.ca
1 day

Price and Sale History

Date Status Price
Jan 19, 2023 Sale Closed $500,000
May 15, 2012 Sale Closed $150,000

Building

Interior Features
Flooring
Laminate, Tile, Hardwood
Building Features
Foundation Type
Concrete
Total Units
5
Heating & Cooling
Heating Type
Baseboard heaters, (Electric)
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Vinyl

Measurements

Total Finished Area
3600 sqft

Land

Other Property Information
Access
Year-round access
Data provided by: New Brunswick Real Estate Board Unit 1 - 1000 Sandy Point Road, Saint John, New Brunswick E2K 5H3

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