For Sale: 105 Victoria Street, Saint John, NB

About this home

INVESTMENT OPPORTUNITY with strong existing income and significant value-add potential! 105 Victoria Street is an income-producing triplex offering a return approaching a 10% cap rate based on current operating figures. All three units are occupied by long-term tenants on month-to-month rental agreements, providing established rental income from day one. Currently configured as two 2-bedroom units and one 1-bedroom unit, the property offers an exciting opportunity for investors to explore conversion to as many as 5 units through renovations and required municipal approvals. Unlock additional rental potential and further maximize the building's long-term performance. Operating costs have been well managed. Heating costs were less than approximately $5,000 last year, municipal water is metered, tenants pay their own electricity, and there is no rental equipment. Two units also have their own laundry. The building features a tar-and-gravel flat roof. Conveniently located on a bus route and close to an elementary school, Shamrock Park, grocery stores, restaurants and everyday amenities. Two off-street parking spaces are available, along with additional street parking nearby. Whether you're looking for established rental income today or a value-add opportunity for tomorrow, call your REALTOR® today to unlock the potential of this real estate investment! Please note: Showing requests require advance notice, as 2448 hours' notice must be provided to all tenants. (id:63626)

Listed by: Li Song, Salesperson, EXIT Realty Specialists

Home facts and features

Price details

List Price

$229,900

Gross Taxes for 2026

$1,437

Home facts

Bedrooms

Full Bathrooms

Property Type

Multifamily

Lot Size

2658 ft²

Depth

Title

Freehold

Exterior Finish

Vinyl

Heating Type

Oil

Basement Details

Full

Appliances

Refrigerator, Stove

Agent details

Primary Agent

Li Song

Primary Broker

EXIT Realty Specialists

Secondary Agent

Janice Purdy

Secondary Broker

EXIT Realty Specialists

Listing details

Days on REW

9 Days

Property Views

MLS® Number

NB148012

Source

Canadian Real Estate Association

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Property Insights

Schools nearby

10 Schools are within 3km

Centennial School

n/a
K - 5
In Catchment

Divine Mercy Catholic School

n/a
K - 9
In Catchment

Harbour View High School

n/a
9 - 12
In Catchment

Princess Elizabeth School

n/a
K - 8
In Catchment

Saint John High School

n/a
9 - 12
In Catchment

Hazen-White-St. Francis School

n/a
K - 8
In Catchment

St. Malachy's Memorial High School

n/a
9 - 12
In Catchment

Prince Charles School

n/a
K - 8
In Catchment

M. Gerald Teed Memorial School

n/a
K - 2
In Catchment

St. John The Baptist/King Edward School

n/a
K - 8
In Catchment

105 Victoria StreetSaint John, NB, E2K 1L5