$579,900

Solid, well-maintained brick triplex on a sunny corner lot in Saint Johns vibrant uptown core. Located on prestigious Germain Street, just steps from Queen Square Market, restaurants, and shops, this turn-key investment combines strong income with low maintenance. All three units are self-contained with private laundry. Tenants pay their own heat and lights. The building includes a separate water meter and one rare off-street parking space. The master unit features a heat pump and a modern kitchen with stainless appliances and a dishwasher. Large corner windows bring in excellent natural light. The top unit is rented at $1,300 per month plus utilities. The middle unit is currently rented at $1,400/month plus utilities. The bottom unit is currently rented at $1,750/month plus utilities. 2024 actual expenses total $13,292.18 (insurance $1,621; water/sewer $1,727.76; electricity $2,318; property tax $7,624.59). Total income is $53,400 annually, with a net operating income of $40,107. A prime location and a strong investmentideal for both owner-occupiers and long-term buy-and-hold investors. Vendor is a licensed REALTOR® in the province of New Brunswick. (id:31622)

Property Details

MLS® Number	NB123330
Property Type	Multi-family

Building

Appliances	Refrigerator, Microwave, Stove, Washer, Dishwasher, Dryer
Constructed Date	1901
Cooling Type	Heat Pump
Exterior Finish	Brick
Flooring Type	Laminate, Vinyl, Hardwood
Foundation Type	Concrete
Heating Fuel	Electric
Heating Type	Baseboard Heaters, Heat Pump
Stories Total	3
Size Interior	2,700 Ft2
Total Finished Area	2700 Sqft
Type	Triplex
Utility Water	Municipal Water

Land

Access Type	Year-round Access
Acreage	No
Sewer	Municipal Sewage System
Size Irregular	1097.92
Size Total	1097.92 Sqft
Size Total Text	1097.92 Sqft

https://www.realtor.ca/real-estate/28646988/242-germain-street-saint-john