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$ 1,100,000
Est. payment /mo
Active
1-3 Charlotte Street Saint John, NB E2L2H3
7,341 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 7,341 sqft
Price per Sqft $149
MLS® Listing ID NB129776
Year Built 1867
Lot Size 2,520 Sqft
Acres 2520.0
Property Sub-Type Freehold
Source New Brunswick Real Estate Board
Property Description
This could be the perfect investment property youve been searching for! Located at the high-exposure corner of Charlotte Street and Union Street in Uptown Saint John, this solid 3-storey brick commercial-residential mixed-use building (circa 1867) offers both historic charm and modern upgrades. Half the structure was rebuilt, with a full renovation completed in 2019, followed by further capital improvements totaling $42,000 in 2021. Just one block from the historic Saint John City Market, the property sits at the gateway to the North of Union project, waterfront redevelopment, and the Uptown Pedway Systema prime location for long-term value and strong rental demand. Commercial Unit: $2,300/month Four Residential Units Upstairs: 1-bedroom: $1,300/month 2-bedrooms: $1,400 and $1,600/month One 2-bedroom unit is currently vacant, with market rent potential above $1,500/month Total Annual Rental Income (fully leased): $97,200 Total Annual Expenses: $22,955 Net Operating Income (NOI): $74,245 Also includes: Private entrances, individual electric panels, and rented heat pumps for each unit In-unit 3-piece bathrooms and laundry Hot water tanks are owned Fire-rated doors and two stairwells Walkable to transit, shopping, and municipal parking Gross floor area is based on appraisers report; buyers are advised to verify all measurements independently. (id:24570)
Location
Province NB
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters, Heat Pump,
Cooling Heat Pump
Flooring Other, Tile, Vinyl
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by Platinum Atlantic Realty Inc.