This rare Uptown Saint John duplex offers an exceptional 10% CAP rate with strong cash flow potential. Ideally located within walking distance to shops, restaurants, King Square, but stop and amenities, the property features two self-contained units, each with separate electrical meters, laundry in the building, and single attached garage + off-street parking, completely paved. Recent major upgrades on new floorings, walls, vanity changes, windows, brand new electric boilers and water tanks, fresh paint throughout etc. totaling over $60,000 ensure low maintenance and easy rental appeal. Unit A (main floor) is a 1-bedroom rented at market rate ($1,000/month), with the tenant covering all utilities. Unit B (upper level) is a spacious 3-bedroom currently rented by three tenants generating $2,100/month, with utilities paid by the landlord. With annual rental income of $37,200 and net income of $26,972.15, this turn-key property offers flexible options for investors or owner-occupants looking to live mortgage-free. This is an excellent opportunity to own in the citys most vibrant district. (28695409)
Property Type
Single Family
Annual Property Taxes
$4,943.56 (CAD)
Parking Type
Attached Garage, Garage
Time on REALTOR.ca
25 days
Get a taste for the neighbourhood where this listing is located.
The following neighbourhood demographic information is provided by a third-party supplier based on census data from Statistics Canada.
No demographic information is available for this specific location.
Demographics data is temporarily unavailable
This calculator is for demonstration purposes only. REALTOR.ca Canada Inc. does not guarantee that all calculations are accurate. Always consult a professional financial advisor before making personal financial decisions.