Secure your future with this exceptional investment opportunity in one of Fredericton's most desirable downtown locations. This well maintained three unit property offers immediate rental income with exceptional long term growth potential. With current rents below market value, investors have a rare opportunity to increase revenue over time while benefiting from long term appreciation in a high demand rental market. Each unit is separately metered, offering added convenience and simplified management. Located in the heart of downtown, tenants will enjoy walking distance to restaurants, cafés, shopping, entertainment, parks, schools, public transit, and Fredericton's picturesque riverfront trail system. This unbeatable location continues to attract quality tenants year after year. Whether you're building your first investment portfolio or adding another strong asset to an existing one, this is the type of property that delivers today and continues to grow in value for years to come. Prime downtown opportunities like this are increasingly difficult to find, making it a smart investment with lasting potential. (id:4069)
Address
178 Westmorland Street
List Price
$599,900
Property Type
Multi-family
Type of Dwelling
Triplex
Transaction Type
Sale
Area
New Brunswick
Sub-Area
Fredericton
Floor Area
2,900 Sq. Ft.
Lot Size
410 Sq. Ft.
Year Built
1967
MLS® Number
NB144884
Listing Brokerage
REMAX East Coast Elite Realty
Basement Area
Crawl space
Postal Code
E3B3L7
Ownership
Freehold
Appliances
Refrigerator, Stove, Washer, Dryer
Heat Type
Baseboard heaters
Foundation Details
Block, Stone
Number Of Floors In Building
3
Water Source
Municipal water
Access To Property
Year-round access, Public Road
Sewer
Municipal sewage system
