For Sale: 2144-2149 Ocean Westway, Saint John, NB

About this home

Welcome to 2144 and 2149 Ocean Westway, a fantastic investment opportunity featuring 19 fully renovated one-level, units ideal for professional workers. The property is in excellent condition and situated in a desirable area, offering easy access to the highway and nearby amenities. With strong rental numbers and modern updates throughout, this like-new property offers impressive financials. The total annual rental income is $312,600, with units rented at varying rates: 2 at $ 1,100, 2 at $ 1,200, 1 at $ 1,250, 10 at $ 1,400, 2 at $ 1,500, and 2 at $ 1,600. Estimated annual expenses include $21,984 for taxes, $5600 for water and septic, $5000 for electricity, $10,301 for insurance, and $6986 for snow removal and garbage, totaling approximately $49,871. This results in an estimated net income of $262,729. For serious investors seeking a high-performing and low-maintenance property, this is well worth a closer look. (id:63626)

Listed by: Tim Somerville, Salesperson, Royal LePage Atlantic

Home facts and features

Price details

List Price

$3,800,000

Gross Taxes for 2026

$21,984

Home facts

Bedrooms

Full Bathrooms

Property Type

Multifamily

Lot Size

3.27 acres

Depth

Title

Freehold

Exterior Finish

Wood, Vinyl

Heating Type

Baseboard heaters, Electric

Features

Level lot, Sloping

Appliances

Dishwasher, Dryer, Refrigerator, Stove, Washer

Agent details

Primary Agent

Tim Somerville

Primary Broker

Royal LePage Atlantic

Secondary Agent

Michael Dempsey

Secondary Broker

Royal LePage Atlantic

Listing details

Days on REW

67 Days

Property Views

105

MLS® Number

NB136310

Source

Canadian Real Estate Association

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Property Insights

Schools nearby

10 Schools are within 8km

Island View School

n/a
K - 5
In Catchment

Barnhill Memorial School

n/a
6 - 8
In Catchment

Saint Rose School

n/a
K - 5
In Catchment

Seaside Park Elementary School

n/a
K - 5
In Catchment

Beaconsfield Middle School

n/a
6 - 8
In Catchment

Morna Heights School

n/a
K - 5
In Catchment

Harbour View High School

n/a
9 - 12
In Catchment

Millidgeville North School

n/a
3 - 8
In Catchment

Centre Scolaire Samuel-De-Champlain

n/a
K - 12
In Catchment

Centennial School

n/a
K - 5
In Catchment

2144,2149 Ocean WestwaySaint John, NB, E2M 5H6