$269,900
Available - For Sale
Listing ID: X12606678
53 Principale Street , New Brunswick, E7C 2R5, Canada
| LIVE MORTGAGE-FREE OR EARN 12% RETURN! 8 BEDROOMS | 3 UNITS | DETACHED GARAGE | PARTIALLY VACANT POSSESSION.This property in Riviere-Verte is a financial game-changer. It is a massive 8-bedroom building on almost half acre, set up as three separate units. The best part? The two biggest units are VACANT, meaning you get the keys on closing day to either move in or pick your own tenants at top market rates.THE SETUP (3 UNITS):Main Floor (VACANT): Huge 3-bedroom unit. Perfect for you to live in, or rent out for approx. $1,700/mo.In-Law Suite (VACANT): Private 1-bedroom unit with its own entrance. Ideal for an Airbnb or renting for approx. $900/mo.Upstairs (RENTED): Large 4-bedroom unit with a stable tenant paying $1,000/mo.THE MATH (PLAIN ENGLISH):For Homebuyers: Move into the beautiful main floor. The rent from the upstairs tenant and the in-law suite covers your costs. You live for free.For Investors: If you rent out all three units, this property is projected to earn over $33,000 in profit per year (after expenses). That is a massive 12.2% return on your money.NO RENOS NEEDED: The heavy lifting is done. New plumbing, updated electrical, new floors, and a solid roof (9 yrs old). Plus, tenants pay their own heat and lights (separate meters).EXTRAS: Double garage (perfect workshop), carport, and parking for 6 cars. Whether you want to "House Hack" and live for free, or build a high-cashflow portfolio, this is the one with a strong financial proforma. |
| Price | $269,900 |
| Taxes: | $1792.28 |
| Assessment Year: | 2025 |
| Occupancy: | Owner+T |
| Address: | 53 Principale Street , New Brunswick, E7C 2R5, Canada |
| Directions/Cross Streets: | Rue LECOLE |
| Rooms: | 8 |
| Bedrooms: | 3 |
| Bedrooms +: | 0 |
| Family Room: | F |
| Basement: | Partially Fi |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Main | Bedroom | 42.64 | 32.8 | |
| Room 2 | Main | Bedroom 2 | 42.64 | 32.8 | |
| Room 3 | Main | Bedroom 3 | 3.28 | 32.8 | |
| Room 4 | Main | Bathroom | 22.96 | 29.52 | |
| Room 5 | Main | Laundry | 21.32 | 26.24 | |
| Room 6 | Main | Kitchen | 52.48 | 45.92 | Combined w/Dining |
| Room 7 | Main | Living Ro | 36.08 | 65.6 | |
| Room 8 | Main | Dining Ro | 52.48 | 45.92 | Combined w/Kitchen |
| Room 9 | Second | Bedroom | 42.64 | 22.96 | |
| Room 10 | Second | Bedroom 2 | 36.08 | 29.52 | |
| Room 11 | Second | Bedroom 3 | 29.52 | 24.6 | |
| Room 12 | Second | Bedroom 4 | 32.8 | 49.2 | |
| Room 13 | Second | Bathroom | 3.28 | 3.28 | |
| Room 14 | Second | Living Ro | 42.64 | 45.92 | |
| Room 15 | Second | Kitchen | 24.6 | 65.6 | Combined w/Dining |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 3 | Main |
| Washroom Type 2 | 3 | Main |
| Washroom Type 3 | 3 | Second |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Total Area: | 0.00 |
| Property Type: | Triplex |
| Style: | 2-Storey |
| Exterior: | Stucco (Plaster), Vinyl Siding |
| Garage Type: | Detached |
| (Parking/)Drive: | Private |
| Drive Parking Spaces: | 4 |
| Park #1 | |
| Parking Type: | Private |
| Park #2 | |
| Parking Type: | Private |
| Pool: | None |
| Other Structures: | Shed |
| Approximatly Square Footage: | 2500-3000 |
| Property Features: | Campground, Park |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Baseboard |
| Central Air Conditioning: | Other |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
$
%
Years
This calculator is for demonstration purposes only. Always consult a professional
financial advisor before making personal financial decisions.
| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| EXP REALTY |
|
|
.JPG?src=Custom)
Ali Shahpazir
Sales Representative
Dir:
416-473-8225
Bus:
416-473-8225
| Book Showing | Email a Friend |
Jump To:
At a Glance:
| Type: | Freehold - Triplex |
| Area: | Canada |
| Municipality: | New Brunswick |
| Neighbourhood: | Dufferin Grove |
| Style: | 2-Storey |
| Tax: | $1,792.28 |
| Beds: | 3 |
| Baths: | 3 |
| Fireplace: | N |
| Pool: | None |
Locatin Map:
Payment Calculator:
