Property Details

61-63 Union Street, Saint John, New Brunswick, E2L1A2

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For sale, ID#: NB108707
61-63 Union Street
Saint John New Brunswick
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$6,599,000

In a booming real estate market and a growing population in Saint John, this property presents a great opportunity to consolidate your investments in a big way, under one roof. This property offers two apartment towers, each 5 stories, 13 units at 61 Union and 12 units at 63 Union, for a total of 25 units (24x2 bed, 1 bachelor), plus 104 parking spaces, 55 of which are indoor. Across the street, tenants can wander through the maze of indoor pedways, from the Aquatic Center to Brunswick Square, Market Square, TD Sports Center, City Market, etc, so who cares about a hard winter, while you enjoy city shopping and restaurants!!. Both towers have been completely remodeled in the last 10 years, along with new siding and modified roofs. Enjoy the spacious two bedroom units and stunning harbour views and cruise ships from several units. All appliances are currently owned by the seller and included in the sale price. Annual rent roll is around $690,000 and continually growing; Property tax $107 083; Utilities (including electricity, heat, water & sewage) $71,558; Insurance $23,100; Repairs and Maintenance (including garbage, lawncare and snow removal) $20,625; Management $27,381; With a net income of approximately 440k. Proof of financing may be required prior to viewing the property. First viewing will be limited to a couple of typical units. All info and measurements to be verified by purchaser prior to closing. See Video link>> https://vimeo.com/937769803 (id:2471)

Representatives
Eric Arbeau
Eric ArbeauSales Representative
EXIT Realty Platinum
Richard Reid
Richard ReidSales Representative
EXIT Realty Platinum
Property Details
  • Property Address: 61-63 Union Street, Saint John, New Brunswick, E2L1A2
  • Property Type: Multi-family
  • Lot Size: 24315
  • Acreage: 24315 sqft
  • Sewage Type: Municipal sewage system
  • Water Type: Municipal water
Structure Details
  • Storeys: 5
  • Total Finished Area: 27762 sqft
  • Building Age: 1960
  • Heating Type: Electric, Natural gas, Heat Pump
  • Cooling: Heat Pump
  • Exterior Type: Brick, Vinyl
  • Flooring: Ceramic, Laminate, Wood
  • Foundation Type: Concrete
Neighbourhood Information

Listing Office: CENTURY 21 ALL SEASONS REALTY

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61-63 Union Street, Saint John, New Brunswick, E2L1A2

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