22 Queen Square S. Saint John, New Brunswick E2L 1R7

$849,000

Presenting a handsome five-unit brick building overlooking the Bay of Fundy and Queen Square. This property is a historically significant asset, retaining an exceptional array of preserved architectural details that are highly sought after by upscale tenants. All units are currently occupied, generating stable rental income totalling just under $100k yearly. Units feature spacious layouts that retain original character, and two of the units (#3 and #4) are fully furnished, offering added convenience for tenants or potential short-term rental options. Upper-level decks provide spectacular views of the Bay of Fundy, further enhancing the property's unique appeal. This property offers a lucrative investment opportunity with the option to reside on-site while benefiting from consistent rental income. Located just blocks from Uptown Saint John's amenities, residents can enjoy proximity to fine dining, art galleries, and boutique shops, fostering a highly sought-after urban lifestyle. This property makes ""Shop Local"" very easy. In addition, a new elementary school will soon be under construction just one block away. This will add additional marketability to these large units. Don't miss the chance to own a piece of Saint John's history combined with modern rental potential. This is a designated heritage property. Detailed financials, rent roll, and leases all on file. 36 hours notice required for showings. Offers considered as received. (id:53560)

Property Details

MLS® Number	NB113185
Property Type	Multi-family
Equipment Type	Water Heater
Rental Equipment Type	Water Heater

Building

Exterior Finish	Brick
Heating Fuel	Natural Gas
Heating Type	Hot Water
Total Finished Area	5900 Sqft
Utility Water	Municipal Water

Land

Acreage	No
Sewer	Municipal Sewage System
Size Irregular	4542
Size Total	4542 Sqft
Size Total Text	4542 Sqft

https://www.realtor.ca/real-estate/27978636/22-queen-square-s-saint-john