For Sale: 1032 Cleveland Avenue, Riverview, NB

About this home

Completed in January 2025, 1032 Cleveland Avenue is a newly constructed 35-unit multi-residential asset located in Riverviews fastest-growing commercial node. This modern apartment building offers strong curb appeal, high-quality construction, and contemporary unit layouts designed to attract a broad tenant profile and support long-term occupancy stability. The property features an excellent parking ratio with 23 underground stalls and 29 surface parking spaces, enhancing tenant convenience and overall asset competitiveness. Units are built to top-tier rental standards with efficient floor plans and bright, modern finishes. Tenants benefit from walkable access to major retailers, restaurants, services, schools, parks, and public transit, along with quick connectivity to Gunningsville Boulevard and Downtown Moncton, making this one of the areas most desirable rental nodes. An added value component includes 0.41 acres of surplus land with conceptual plans for approximately 4,000 square feet of future commercial development, offering long-term expansion potential. Optional opportunity to acquire a separate fully leased commercial building occupied by a national tenant. Turnkey, institutional-quality asset in one of Greater Monctons strongest rental markets with built-in growth drivers. Financials are available after a signed NDA. (id:63626)

Listed by: Maulen Kalau, Salesperson, Colliers International New Brunswick

Home facts and features

Price details

List Price

$9,800,000

Gross Taxes for 2026

$84,853

Home facts

Bedrooms

Full Bathrooms

Property Type

Multifamily

Lot Size

1.11 acres

Depth

Year Built

Built in 2025 (1 yrs old)

Title

Freehold

Heating Type

Baseboard heaters

Cooling

Air Conditioned

Agent details

Primary Agent

Maulen Kalau

Primary Broker

Colliers International New Brunswick

Listing details

Days on REW

93 Days

Property Views

MLS® Number

NB134427

Source

Canadian Real Estate Association

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Property Insights

Schools nearby

6 Schools are within 17km

Frank L. Bowser School

n/a
K - 5
In Catchment

Riverview Middle School

n/a
6 - 8
In Catchment

West Riverview School

n/a
K - 5
In Catchment

Riverview East School

n/a
K - 8
In Catchment

Hillsborough Elementary School

n/a
K - 5
In Catchment

Caledonia Regional High School

n/a
6 - 12
In Catchment

1032 Cleveland AvenueRiverview, NB, E1B 0K8