191-197 Université Avenue Moncton, New Brunswick E1C 5K4
$1,600,000
This great investment property has been fully renovated and includes 2 buildings and a parking lot all on one lot zoned MU. 191 Université includes 6 units, two 1 bedroom, two 2 bedrooms and 2 main floor commercial units. 197 Université is a stand alone building currently optimized for a medical clinic but could easily be adaptable for a wide range of professional uses, including Law or Accounting Firms Specialized Medical Practitioners (Physiotherapy, Dental, etc.), Creative Agencies or Tech Startups. Situated on Université avenue, these buildings benefit from high visibility and foot traffic. The location is a magnet for both commercial tenants seeking professional exposure and residential tenants wanting proximity to the University, local hospitals, and the downtown core. The synergy of the neighborhood ensures a low vacancy rate and consistent demand across all unit types. As the Université corridor continues to develop, property values in this specific pocket are projected to see steady growth. The high-quality renovation ensures that the property will remain competitive in the rental market for decades to come, commanding top-tier rents in any economy. (id:42007)
Property Details
| MLS® Number | NB135722 |
| Property Type | Multi-family |
| Features | Level Lot, Wheelchair Access |
Building
| Appliances | Refrigerator, Stove, Washer, Dryer |
| Basement Development | Partially Finished |
| Basement Type | Full (partially Finished) |
| Cooling Type | Heat Pump |
| Exterior Finish | Other, Aluminum/vinyl |
| Fireplace Present | No |
| Flooring Type | Ceramic, Laminate, Hardwood |
| Foundation Type | Concrete |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters, Heat Pump |
| Size Interior | 4561 Sqft |
| Total Finished Area | 4561 Sqft |
| Utility Water | Municipal Water |
Land
| Access Type | Year-round Access, Public Road |
| Acreage | No |
| Landscape Features | Landscaped |
| Sewer | Municipal Sewage System |
| Size Irregular | 1289 |
| Size Total | 1289 M2 |
| Size Total Text | 1289 M2 |
| Zoning Description | Mu |
https://www.realtor.ca/real-estate/29587921/191-197-université-avenue-moncton
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Saint John Real Estate Board Inc
Royal LePage Atlantic
April 15 2026 10:51:31
