For Sale: 290 King Street W, Saint John, NB

About this home

This 6 Unit will give any investor a Great opportunity to expand your portfolio. This property is located on the West side of Saint Jonn, next door to the Fire Station, a Tim Hortons, just across the street, and giving access to the highway. This building has gone through extensive renovation on the inside, with all new electrical installed throughout, top to bottom including upgrades to the mast. All Units have owned tankless water heaters, keeping expenses down! Some units are rented below market value, and could be increased. Electric baseboard heating.. all tenants pay their own heat and lights & hot water. There is ample off st. parking, with on street parking as well. The building consists of 2-1 bedrooms, 3-2 bedrooms- 1-3 bedrooms. Rents are as follows:Unit 1= $1,395 per month, Unit 2= $995 , Unit 3= $1,045 , Unit 4= $995 , Unit 5= $1,325 & Unit 6= $1,295 This property shows a cap rate of 7.7% with financials provided. (id:63626)

Listed by: Michael Jackson, Salesperson, EXIT Realty Specialists

Home facts and features

Price details

List Price

$825,000

Gross Taxes for 2026

$4,745

Home facts

Bedrooms

Full Bathrooms

Property Type

Multifamily

Lot Size

5048 ft²

Depth

Title

Freehold

Exterior Finish

Wood, Wood shingles, Vinyl

Heating Type

Baseboard heaters, Electric

Basement Details

Full, Partial, Crawl space

Appliances

Dishwasher, Dryer, Refrigerator, Stove, Washer

Agent details

Primary Agent

Michael Jackson

Primary Broker

EXIT Realty Specialists

Listing details

Days on REW

48 Days

Property Views

MLS® Number

NB137153

Source

Canadian Real Estate Association

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Property Insights

Schools nearby

10 Schools are within 3km

Harbour View High School

n/a
9 - 12
In Catchment

Beaconsfield Middle School

n/a
6 - 8
In Catchment

Seaside Park Elementary School

n/a
K - 5
In Catchment

Saint John High School

n/a
9 - 12
In Catchment

Divine Mercy Catholic School

n/a
K - 9
In Catchment

Saint Rose School

n/a
K - 5
In Catchment

St. Malachy's Memorial High School

n/a
9 - 12
In Catchment

Barnhill Memorial School

n/a
6 - 8
In Catchment

St. John The Baptist/King Edward School

n/a
K - 8
In Catchment

Centennial School

n/a
K - 5
In Catchment

290 King St WSaint John, NB, E5K 3W7