On the Scene with Sandy Lavigne


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140 Canada Street Fredericton, New Brunswick E3A 9C4

7 Bedroom 2 Bathroom 1375
2 Level

$399,900

Great investment opportunity with excellent cap rate and lots of room for revenue growth. The property is fully rented by the room to long-term tenants and has a fridge in each room. The garage is being rented as storage which can potentially be turned into more residential rental units. Plumbing and electric is in place in the garage. Buyer has to verify square footage. The upgrades in the last 10 years include: 1. New electric panel in both the house and the garage in 2012. Electric rewired in the garage in 2012. 2. Painted inside and out of the house in 2020 3. New furnace installed in 2017 4. Metal roof repaired and repainted in 2021 Heating $5000; Insurance $3321; Power 3580; Water and Sewer; $1040; Rental Income $48,840 (id:42007)

Property Details

MLS® Number NB072632
Property Type Single Family
Equipment Type Water Heater
Rental Equipment Type Water Heater

Building

Bathroom Total 2
Bedrooms Above Ground 7
Bedrooms Total 7
Architectural Style 2 Level
Exterior Finish Vinyl
Fireplace Present No
Half Bath Total 1
Heating Fuel Oil
Roof Material Metal
Roof Style Unknown
Size Interior 1375
Type House
Utility Water Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
Size Irregular 780
Size Total 780 M2
Size Total Text 780 M2

Rooms

Level Type Dimensions
Second Level Bathroom 3 x 3
Second Level Bedroom 10 x 11
Second Level Bedroom 12 x 10
Second Level Bedroom 12 x 10
Second Level Bedroom 12 x 11
Main Level Bathroom 10 x 10
Main Level Bedroom 12 x 9.5
Main Level Bedroom 12 x 12
Main Level Bedroom 12 x 9.5
Main Level Kitchen 12 x 15

https://www.realtor.ca/real-estate/24410061/140-canada-street-fredericton

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