For Sale: 101 Carleton Street, Saint John, NB

About this home

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:63626)

Listed by: Marcus Power, Salesperson, RE/MAX Professionals

Home facts and features

Price details

List Price

$1,050,000

Gross Taxes for 2026

$13,309

Home facts

Bedrooms

Full Bathrooms

Property Type

Multifamily

Lot Size

4499 ft²

Depth

Title

Freehold

Exterior Finish

Brick, Vinyl

Heating Type

Natural gas

Basement Details

Full

Appliances

Dryer, Refrigerator, Stove, Washer

Agent details

Primary Agent

Marcus Power

Primary Broker

RE/MAX Professionals

Listing details

Days on REW

118 Days

Property Views

MLS® Number

NB135375

Source

Canadian Real Estate Association

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Property Insights

Schools nearby

10 Schools are within 2km

St. Malachy's Memorial High School

n/a
9 - 12
In Catchment

Prince Charles School

n/a
K - 8
In Catchment

Saint John High School

n/a
9 - 12
In Catchment

Princess Elizabeth School

n/a
K - 8
In Catchment

St. John The Baptist/King Edward School

n/a
K - 8
In Catchment

Divine Mercy Catholic School

n/a
K - 9
In Catchment

Bayside Middle School

n/a
6 - 8
In Catchment

Centennial School

n/a
K - 5
In Catchment

Harbour View High School

n/a
9 - 12
In Catchment

Hazen-White-St. Francis School

n/a
K - 8
In Catchment

101 Carleton StreetSaint John, NB, E2L 2Z2