For Sale: 114-116 Wentworth Street, Saint John, NB

About this home

A compelling opportunity to acquire a fully developed eight-unit apartment building in the heart of Uptown Saint John at a cost well below estimated new-construction replacement value. With new multi-residential construction estimated at approximately $220k per door, this established property is offered at less than $200k per door, with the major redevelopment work already completed. A buyer avoids the time, uncertainty and expense of building permits, construction and lease-up while acquiring an operating fully leased income property with updated units, established tenants and minimal anticipated maintenance. The building includes five one-bedroom and three two-bedroom apartments, a desirable mix for the Uptown rental market. Over the past 33 years, it has been carefully improved with quality materials and an emphasis on longevity and efficient ownership. Units offer distinctive features that set them apart from conventional rental stock, including exposed brick, skylights, fireplaces, stainless steel kitchens, breakfast nooks, generous storage and architectural details that support strong tenant appeal. Two garage bays provide parking or storage, with potential integration into adjacent units to create additional bedroom space and enhance value. Select units may also offer future combination opportunities. Additional features include two off-street parking spaces, FibreOP service directly to each unit, a Venmar system and electric boilers supplying cast iron radiators. Decades of thoughtful investment mean the costly and disruptive work of creating a quality multi-unit residential asset is already complete. Its architectural character adds tenant appeal while remaining a manageable, established apartment building. With approximately $143,500 in reported annual net income, an 8% CAP rate and 30% ROI, the property offers strong income, replacement-cost advantage, established operations and future flexibility in one of Saint Johns most desirable rental locations. (id:63626)

Listed by: Judy Mitchell, Salesperson, RE/MAX Professionals

Home facts and features

Price details

List Price

$1,499,900

Gross Taxes for 2026

$5,998

Home facts

Bedrooms

Full Bathrooms

Property Type

Multifamily

Lot Size

3519 ft²

Depth

Title

Freehold

Exterior Finish

Brick

Heating Type

Electric, Radiator, Hot Water

Features

Balcony/Deck/Patio

Appliances

Dishwasher, Dryer, Microwave, Refrigerator, Stove, Washer

Agent details

Primary Agent

Judy Mitchell

Primary Broker

RE/MAX Professionals

Listing details

Days on REW

102 Days

Property Views

MLS® Number

NB140462

Source

Canadian Real Estate Association

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Property Insights

Schools nearby

10 Schools are within 3km

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

Saint John High School

n/a
9 - 12
In Catchment

Bayside Middle School

n/a
6 - 8
In Catchment

Princess Elizabeth School

n/a
K - 8
In Catchment

Divine Mercy Catholic School

n/a
K - 9
In Catchment

Harbour View High School

n/a
9 - 12
In Catchment

Bayview School

n/a
K - 5
In Catchment

Centennial School

n/a
K - 5
In Catchment

114-116 Wentworth StreetSaint John, NB, E2L 2S4