421 Douglas Avenue Saint John, New Brunswick E2K 1E9

Hot Water Waterfront On River


Income producing 6-unit building on historic Douglas Ave with riverfront and many waterviews! Possible 7th unit on the street level that was originally a store, city approval, permits are responsibility of purchaser. Property is located across from the Harbour Passage access point, overlooking Reversing Falls. Convenient location on main bus routes, easily accessible to major amenities. Units are all 1-bedroom layouts, 5 out of 6 units updated within last two years. No vacancy as of July 1. Rents as follows: $900, 850,1050, 925, 648.75, 895. Monthly net profit of $2347. Recent upgrades include new high efficiency gas boiler (Sept 2022), New 200 amp main breaker panel and 100 amp individual subpanels in each apartment, an additional 100 amp panel was added for the hot water tanks (2022). Plumbing upgrades to 5 bathrooms, some basement plumbing updated to PEX. Roof was patched by previous owner before 2019 and no issues. Included in the purchase is a Mircom analog fire system complete with a fire panel, annunciator and all accessories, ready to install by purchaser if they choose to. New keyed apartment mail boxes which includes a lockbox for Canada Post building access installed (2022). New front entrance door with custom address plaque and hardware (2022). All measurements and information to be verified by the purchaser prior to closing. (id:53560)

Property Details

MLS® Number NB088713
Property Type Multi-family
Equipment Type Water Heater
Features Balcony/deck/patio
Rental Equipment Type Water Heater
Water Front Type Waterfront On River


Appliances Refrigerator, Stove, Washer, Dryer
Exterior Finish Vinyl, Wood
Fire Protection Smoke Detectors, Alarm System
Flooring Type Carpeted, Ceramic, Laminate
Foundation Type Concrete
Heating Fuel Natural Gas
Heating Type Hot Water
Roof Material Tar & Gravel
Roof Style Unknown
Total Finished Area 3000 Sqft
Utility Water Municipal Water


Acreage No
Size Irregular 10398
Size Total 10398 Sqft
Size Total Text 10398 Sqft
Zoning Description Rm


154 Hampton Rd.
Rothesay, New Brunswick E2E 2R3

(506) 216-8000


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