$625,000

Investment For Sale In Orange Street, Saint John, New Brunswick

$625,000

Property Information:

This beautiful, historic wooden two-storey Italianate building was constructed in 1879 and is known as The Thomas P. Williams Residence. It was built just 2 years after the Great Fire of 1877 which destroyed more than 2/3 of homes in the uptown peninsula. More detail on the history and significance of this property can be found at https://www.historicplaces.ca/. Simply search 9-11 Orange Street. This four unit boasts an oversized top floor apartment (11 Orange) with approximately 1,800 square feet of living space featuring 3 bedrooms, living/ family room with floor to ceiling windows and dining room. The main floor of the building (9 Orange) has a 2 bedroom apartment as well as 1 spacious 1 bedroom unit with attached deck. The fourth unit is a two bedroom and is situated on the lower level of the building. There are 4 heat pumps; Tenants pay their own utilities. This block of Orange street between Sydney and Carmarthen is one of the most charming and desirable blocks in the uptown with several important buildings and tremendous curb appeal. If you are looking for a solid investment property as a supplement to your portfolio or want to own this property as a live-in landlord, the possibilities are endless. The expenses shown are for 2024. The rent revenue shown below is for 2025 as there are rent increases coming January 1, 2025. The rent revenue for 2024 was $64,560.00 (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Fourplex
  • Air Conditioning: Yes
  • Basement Development: Partially finished
  • Basement Type: Full
  • Exterior Finish: Wood
  • Total Finished Area: 4000 sqft
  • Heating Type: Baseboard heaters, Heat Pump
  • Heating Fuel: Oil
  • Cooling Type: Heat Pump
  • Appliances: Refrigerator, Stove

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Built in: 1879
  • Features:
  • Lot Size: 5005.00 Square Feet
  • Sewer: Municipal sewage system

Courtesy of: Royal LePage Atlantic

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