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$ 1,410,000
Est. payment | /mo
1,480 SqFt
$ 1,410,000
Est. payment | /mo
1,480 SqFt
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1480
Square Footage 1,480 sqft
Price per Sqft $952
MLS® Listing ID NB142315
Year Built 2026
Lot Size 0.260 Acres
Acres 11342.0
Property Sub-Type Freehold
Property Description
MLI SELECT ELIGIBLE POTENTIAL | STRONG CASH FLOW | IMMEDIATE EQUITY | PROPERTY TAX SAVINGS This townhouse development offers a rare opportunity to acquire high-performing rental assets within a proven six-unit building layout. Each building features 2 spacious 3-bedroom units and 4 comfortable 1-bedroom units (end units with private side entrances), creating an ideal mix for affordability and strong rental demand. Located in the heart of Sackville, New Brunswick, the project benefits from a historically low vacancy rate supported by the local university and strong rental demand. Priced at an average of $235,000 per unit, these properties are designed with investors in mind and offer approximately $140,000 in estimated built-in equity based on current pricing. The buildings have been designed with energy-efficient features and may be eligible for enhanced financing options through CMHC's MLI Select program, subject to purchaser qualification, lender underwriting, and CMHC approval. The project may also qualify for the Purpose-Built Rental Housing (PBRH) rebate program, subject to eligibility requirements. Investors may benefit from a municipal property tax incentive over the first 10 years, beginning with approximately 91% savings on your property taxes in year one , with the incentive gradually decreasing thereafter. Each turnkey units includes modern finishes, appliances, mirrors, landscaping, and paving, and has been designed to allow for future individual subdivision, providing additional flexibility and potential exit strategies for investors. Additional units may be available. (id:24570)
Location
Province NB
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters, Heat Pump,
Cooling Heat Pump
Flooring Ceramic, Vinyl
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Building
Lot Description Landscaped
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by EXIT Realty Associates
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