Property Information:

This solid 6-unit multi-family property offers an excellent investment opportunity with strong rental appeal and desirable features throughout. The building consists of a well-balanced unit mix including three 1-bedroom units, two 2-bedroom units, and one bachelor apartment - all currently rented on flexible month-to-month agreements, providing both immediate income and future upside potential. Tenants pay their own heat and lights, helping to keep operating costs down, while a coin-operated laundry adds additional income. The property has seen exterior improvements with gorgeous new siding, enhancing curb appeal and long-term durability. Outside, youll find a fully fenced yard and tiered decks that are in great shape, offering functional outdoor space for tenants. A convenient garbage alley and dedicated entrance to unit 33-1 add to the practicality of the layout. The building also features a large, dry basement, ideal for storage or future development possibilities. Well-positioned for value growth, this property offers excellent income enhancement potential with optimized management and future rent alignment. A well-maintained, income-generating property with key upgrades already completed, this is a great addition to any investment portfolio. Rents are Unit 1 = $700 Unit 2 = $950 Unit 3 = $1000 Unit 4 = $674.70 Unit 5= $1025.00 Unit 6 = $1075 (id:27)

Building Features:

Style: Multiplex
Basement Development: Unfinished
Basement Type: Full
Exterior Finish: Metal, Vinyl
Floor Space: 3300 sqft
Flooring Type: Laminate
Foundation Type: Concrete
Total Finished Area: 3300 sqft
Heating Fuel: Electric
Appliances: Refrigerator, Stove, Washer, Dryer

Property Features:

OwnershipType: Freehold
Property Type: Multi-family
Floor Space (approx): 3300 Square Feet
Irregular: Yes
Lot Size: 374.00 Square Metres
Sewer: Municipal sewage system

Courtesy of: EXIT Realty Specialists

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Demographic Information of 31-33 Peters Street, Saint John, New Brunswick, E2L 2Z8

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$69,966.37

Average Number of Children

1.65

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

19.92 %

High school certificate or equivalent

33.34 %

Apprenticeship trade certificate/diploma

5.45 %

College/non-university certificate

17.9 %

University certificate (below bachelor)

1.6 %

University Degree

21.8 %

Commuter

Travel To Work

By Car

51.25 %

By Public Transit

10.34 %

By Walking

33.58 %

By Bicycle

0.0 %

By Other Methods

4.83 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

87.97 %

Houses

12.03 %

31-33 Peters Street, Saint John, New Brunswick, E2L 2Z8