For Sale: 1 Princess Street, Saint John, NB

About this home

Welcome to 1 Princess Streetan iconic heritage property established in 1879 and widely recognized as the historic Thomas Furlong Building. Ideally located in the heart of uptown, this exceptional mixed-use property offers both commercial and residential space, all within steps of the Harbour Passage and showcasing views of the Bay of Fundy. The primary residence is a beautifully appointed two-storey unit featuring a spacious, well-designed kitchen, one-and-a-half bathrooms, a whirlpool tub, and in-unit laundry. Thoughtfully finished throughout, this unit offers both comfort and character, making it a standout living space. Total rental income can be higher (dependant on how much the owner resides in any of the units). Approx. total income $104,667 Approx. expenses: Taxes $13,781, insurance $4,800, garbage $240, Other $360, electricity $7,920, water/sewer $420, and maintenance $2,400. Approx. total expenses $29,921. Approx. net income $74,746. In addition to the main unit, the property includes two fully furnished residential flats and a lower-level commercial space, creating a versatile and income-generating opportunity. Currently operating as a turnkey Airbnb, this property is perfectly positioned directly across from Area 506 and the ongoing Fundy Quay transformationplacing it at the center of one of the citys most exciting and rapidly evolving areas. Each unit highlights quality craftsmanship and timeless charm, while the common areas feature beautiful built-in cabinetry. With exceptional curb appeal and evident pride of ownership throughout, this landmark property has been meticulously maintained. An opportunity to own one of the citys most recognizable heritage properties, offering strong income potential and unmatched characterthis is an investment that truly stands apart. (id:63626)

Listed by: Tim Somerville, Salesperson, Royal LePage Atlantic

Home facts and features

Price details

List Price

$1,150,000

Gross Taxes for 2026

$13,781

Home facts

Bedrooms

Full Bathrooms

Property Type

Multifamily

Lot Size

829 ft²

Depth

Year Built

Built in 1879 (147 yrs old)

Title

Freehold

Exterior Finish

Brick, Stone

Heating Type

Heat Pump, Baseboard heaters, Electric

Cooling

Heat Pump

Appliances

Dishwasher, Dryer, Microwave, Refrigerator, Stove, Washer

Agent details

Primary Agent

Tim Somerville

Primary Broker

Royal LePage Atlantic

Secondary Agent

Brittany Cramm

Secondary Broker

Royal LePage Atlantic

Listing details

Days on REW

46 Days

Property Views

MLS® Number

NB137588

Source

Canadian Real Estate Association

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Property Insights

Schools nearby

10 Schools are within 3km

Saint John High School

n/a
9 - 12
In Catchment

St. Malachy's Memorial High School

n/a
9 - 12
In Catchment

St. John The Baptist/King Edward School

n/a
K - 8
In Catchment

Prince Charles School

n/a
K - 8
In Catchment

Divine Mercy Catholic School

n/a
K - 9
In Catchment

Princess Elizabeth School

n/a
K - 8
In Catchment

Harbour View High School

n/a
9 - 12
In Catchment

Centennial School

n/a
K - 5
In Catchment

Bayside Middle School

n/a
6 - 8
In Catchment

Beaconsfield Middle School

n/a
6 - 8
In Catchment

1 Princess StreetSaint John, NB, E2L 1J9