101 Carleton Street, Saint John, NB E2L2Z2
Key Facts
Description
An opportunity with serious upside in the heart of Saint Johns City Centre. This multi-unit property at 101 Carleton Street is currently operating as a 7-unit building, with an additional unit already in place offering future potential (buyer to verify). The property features a strong unit mix, primarily 2-bedroom units, appealing to a wide range of tenants. Units 1-4 are currently rented. Rents are as follows: Unit 1 $1,500/month, Unit 2 $1,350/month, Unit 3 $1,450/month, Unit 4 $1,500/month. All tenants pay their own heat/electricity. Additional units with projected rents are: Unit 5 $1,400/month, Unit 6 $1,600/month (this unit is not a legal unit), Unit 7 $1,100/month, Unit 8 $1,000/month. This brings projected gross annual income to approximately $130,800. Annual expenses include property taxes of $13,309, insurance of $2,500, water and sewer of $4,500, garbage removal of $1,586, and snow removal of $800, totaling approximately $22,695 in yearly expenses. This results in a projected net income of approximately $108,105. The building features in-unit laundry, and on-site parking. Located just steps from the hospital, and minutes to uptown Saint John, TD Station, restaurants, and amenities, this is a highly rentable area with consistent tenant demand. While the property would benefit from some TLC, the upside is clear. Whether you're looking to improve and stabilize, or hold long-term, this is a property where the numbers make sense with the right approach. (id:31684)
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Living Area
6,682 sq ft
Ownership
Freehold
Listing #
NB135375
Property Features
Heating
Flooring
Sewer
Affordability Calculator
$210,000
Estimated monthly payment
$5,589/mo
Principal $840,000 · Est. interest $1,171,875 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Saint John, NB
- CA$342,500
- Median Listing Price
- 50
- Median Days on Market
- 1,920
- Median Sq Ft
- CA$193
- Median Price / Sq Ft
- 448
- Active Listings
- This home’s price is 207% above the area median.
- Its price per sq ft is 19% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Saint John, NB.
Location
- 101 Carleton Street, Saint John, NB E2L2Z2
Points of Interest in Saint John, NB
Showing the Saint John area map.
Nearby Schools
St. Malachy's Memorial High School
Secondary · 0.5 km away
Prince Charles School
School · 0.6 km away
Saint John High School
Secondary · 0.7 km away
Princess Elizabeth School
School · 1.0 km away
St John the Baptist King Edward School
School · 1.1 km away
Divine Mercy Catholic School
School · 1.6 km away
Bayside Middle School
School · 2.0 km away
Harbour View High School
Secondary · 2.1 km away
Hazen White-St Francis
Elementary · 2.1 km away
Bayview School
Elementary · 2.7 km away
Beaconsfield Middle School
School · 3.1 km away
Little Harvard Early Learning Centre
School · 3.2 km away
Seaside Park Elementary School
Elementary · 3.4 km away
Majestany Institute - Saint John
Secondary · 3.8 km away
Saint Rose School
Elementary · 4.0 km away
Barnhill Memorial School
Elementary · 4.1 km away
Butterflies & Bumblebees Daycare
School · 4.1 km away
Anglophone South School District
Secondary · 4.5 km away
Millidgeville North School
School · 4.5 km away
Centre Scolaire Samuel-de-Champlain
School · 4.8 km away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 105 Carmarthen Street, Saint John, NB | CA$749,000 | 4 | 3 | 2,560 |
| 83 Maxime Road, Saint-Jacques, NB | CA$749,999 | 3 | 3 | 2,300 |
| 899 2e Sault Road, Saint-Joseph, NB | CA$750,000 | 3 | 3 | 2,721 |
| 110 Anchorage Avenue, Saint John, NB | CA$769,900 | 4 | 4 | 3,000 |
| 187 Germain Street, Saint John, NB | CA$770,000 | — | — | 3,980 |
| 73 Parr Street, Saint Andrews, NB | CA$785,000 | 4 | 3 | 2,980 |
Moving Cost Estimate
EXIT Agents in Saint John
Listing Courtesy: RE/MAX Professionals
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