For Sale: 191-197 Université Avenue, Moncton, NB

About this home

This great investment property has been fully renovated and includes 2 buildings and a parking lot all on one lot zoned MU. 191 Université includes 6 units, two 1 bedroom, two 2 bedrooms and 2 main floor commercial units. 197 Université is a stand alone building currently optimized for a medical clinic but could easily be adaptable for a wide range of professional uses, including Law or Accounting Firms Specialized Medical Practitioners (Physiotherapy, Dental, etc.), Creative Agencies or Tech Startups. Situated on Université avenue, these buildings benefit from high visibility and foot traffic. The location is a magnet for both commercial tenants seeking professional exposure and residential tenants wanting proximity to the University, local hospitals, and the downtown core. The synergy of the neighborhood ensures a low vacancy rate and consistent demand across all unit types. As the Université corridor continues to develop, property values in this specific pocket are projected to see steady growth. The high-quality renovation ensures that the property will remain competitive in the rental market for decades to come, commanding top-tier rents in any economy. (id:63626)

Listed by: Marc Richard, Salesperson, Royal LePage Atlantic

Home facts and features

Price details

List Price

$1,600,000

Gross Taxes for 2026

$23,286

Home facts

Bedrooms

Full Bathrooms

Property Type

Multifamily

Lot Size

13874 ft²

Depth

Title

Freehold

Exterior Finish

Other, Aluminum/Vinyl

Heating Type

Heat Pump, Baseboard heaters, Electric

Cooling

Heat Pump

Basement Details

Partially finished, Full

Features

Level lot

Appliances

Dryer, Refrigerator, Stove, Washer

Agent details

Primary Agent

Marc Richard

Primary Broker

Royal LePage Atlantic

Listing details

Days on REW

59 Days

Property Views

MLS® Number

NB135722

Source

Canadian Real Estate Association

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Property Insights

Schools nearby

4 Schools are within 21km

Moncton Montessori School

n/a
K
In Catchment

Edith Cavell 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

191-197 Université AvenueMoncton, NB, E1C 5K4