On the Scene with Sandy Lavigne


582 Charlotte Street Fredericton, New Brunswick E3B 1M2


Income property in prime downtown location. Just steps away from the laundromat/convenience store and within walking distance to the grocery store and liquor store. On the bus route and short walk to downtown and the River. All 6 units have one year leases. Natural gas provides on demand hot water. Uni t #5 has a ductless split and the other units have electric baseboard heat and forced air heating. Unit #5 also has a washer & dryer. This property has seen many upgrades over the years and the operating expenses are quite stable. no need to worry about finding tenants with this location. Please note that due to rented units, Total SQFT Finished Space is not available. Please contact listing salesperson to set up viewings. All units have been given notice of rental increases that take effect July 1, 2022. New rents will be as follows: #1- $750.00 #2- $800.00 #3- $750.00 #4 - $750 #5 - $1,700.00 #6 - $1,400.00. This adds an additional $375.00 per month in revenue that has been reflected in the revenue section. Snow and Garbage expense is actually snow and lawn. Other expense refers to natural gas expense. Heat and lights included in the rents. Vendor is currently going through the re-zoning process. (id:42007)

Property Details

MLS® Number NB069111
Property Type Multi-family
Equipment Type None
Features Level Lot
Rental Equipment Type None


Appliances Refrigerator, Stove, Washer, Dryer
Basement Development Unfinished
Basement Type Full (unfinished)
Exterior Finish Aluminum Siding, Metal
Fireplace Present No
Flooring Type Laminate, Wood
Foundation Type Concrete
Heating Fuel Electric
Roof Material Metal
Roof Style Unknown
Stories Total 3
Utility Water Municipal Water


Access Type Year-round Access
Acreage No
Sewer Municipal Sewage System
Size Irregular 390
Size Total 390 M2
Size Total Text 390 M2
Zoning Description Tp-3



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