191-197 Université Avenue, Moncton, New Brunswick E1C5K4
Listing courtesy of Royal LePage Atlantic.
- $1,600,000
- 4,561
- SqFt
- List Price
- $1,600,000
- MLS®
- NB135722
- Days on Market
- 110
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- Multi-family
- Living Area
- 4,561
- Lot Size Dimensions
- 1289
- Lot Size
- 1,289
Property Description
This great investment property has been fully renovated and includes 2 buildings and a parking lot all on one lot zoned MU. 191 Université includes 6 units, two 1 bedroom, two 2 bedrooms and 2 main floor commercial units. 197 Université is a stand alone building currently optimized for a medical clinic but could easily be adaptable for a wide range of professional uses, including Law or Accounting Firms Specialized Medical Practitioners (Physiotherapy, Dental, etc.), Creative Agencies or Tech Startups. Situated on Université avenue, these buildings benefit from high visibility and foot traffic. The location is a magnet for both commercial tenants seeking professional exposure and residential tenants wanting proximity to the University, local hospitals, and the downtown core. The synergy of the neighborhood ensures a low vacancy rate and consistent demand across all unit types. As the Université corridor continues to develop, property values in this specific pocket are projected to see steady growth. The high-quality renovation ensures that the property will remain competitive in the rental market for decades to come, commanding top-tier rents in any economy. (id:5764)
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Additional Information
- Ownership
- Freehold
- Cooling
- Heat Pump
- Country
- Canada
- Flooring
- Hardwood, Laminate, Ceramic
- Sewer
- Municipal sewage system
- Heating
- Heat Pump, Baseboard heaters, Electric
- Lot Features
- Level lot, Wheelchair access
- Total Number Of Units
- 7
- Lot Size
- 1,289
