For Sale: 240 Prince William Street, Saint John, NB

About this home

An exceptional opportunity to acquire a distinguished heritage mixed-use investment property in one of Uptown Saint Johns most sought-after locations. Positioned beside Saint John High School, directly across from the prestigious Harbourfront Residences, and steps from the iconic Three Sisters Lamp, this landmark property enjoys water views and seasonal views of the cruise ships while offering convenient access to the citys finest restaurants, boutiques, and waterfront amenities. Meticulously maintained and extensively improved, the property has benefited from approximately $450,000 in capital upgrades over the years, preserving its historic character while enhancing long-term performance and reliability. Significant improvements include roof patching and drainage upgrades, replacement two out of three furnaces in recent years, major electrical upgrades completed and replacement of the original Kitec/copper water lines with durable PEX plumbing in 2018. The building has also undergone a City inspection and is compliant with all current code requirementsan exceptional advantage for a heritage asset. This fully leased investment features two established long-term commercial tenants on the main floor and three fixed-term residential apartments on the upper levels, providing a balanced and diversified income stream. An attached parking lot generates additional revenue, while all tenants pay their own heat and electricity, contributing to efficient operating costs and a current 8.48% cap rate. Rarely does a property combine historic charm, exceptional maintenance, proven income stability, and an irreplaceable Uptown location. This is a true turnkey investment offering strong cash flow today with outstanding long-term appreciation potential.Apt#1 offers 2 bedrooms plus den. Apt# 2 is on the 3rd floor, 1 bedroom plus den, large living room with water view; Apt#3 is a 2-storey apartment from 2nd to 3rd floor with 2 bedrooms and den with water view. (id:63626)

Listed by: Tong Gao, Salesperson, Royal LePage Select Realty

Home facts and features

Price details

List Price

$829,000

Gross Taxes for 2026

$11,398

Home facts

Bedrooms

Full Bathrooms

Property Type

Multifamily

Lot Size

3065 ft²

Depth

Title

Freehold

Exterior Finish

Brick

Heating Type

Baseboard heaters, Electric, Hot Water

Agent details

Primary Agent

Tong Gao

Primary Broker

Royal LePage Select Realty

Listing details

Days on REW

1 Day

MLS® Number

NB144491

Source

Canadian Real Estate Association

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Property Insights

Schools nearby

10 Schools are within 2km

Saint John High School

n/a
9 - 12
In Catchment

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

Divine Mercy Catholic School

n/a
K - 9
In Catchment

Princess Elizabeth School

n/a
K - 8
In Catchment

Harbour View High School

n/a
9 - 12
In Catchment

Beaconsfield Middle School

n/a
6 - 8
In Catchment

Centennial School

n/a
K - 5
In Catchment

Bayside Middle School

n/a
6 - 8
In Catchment

240 Prince William StreetSaint John, NB, E2L 2C1