About this home

Rarely does an investment opportunity of this calibre come to market. Offering a 7% CAP RATE Located in a convenient area for tenants, on the west side steps to bus stops, highway access, schools, restaurants and the growing Port! On the corner lot of Guilford and Lancaster Streets, this impressive eight-unit portfolio comprises two side-by-side 4-plexes offered together with a shared back yard providing scale, efficiency, and immediate cash flow from day one. Each unit has been thoughtfully renovated and features its own new heat pump ( owned not rented ) , four new or newer appliances, and designated off-street parking. With tenants responsible for their own heat and electricity, no garbage expense, new heat pumps, operating costs are lean and net income is strong with room to grow! If youre looking to scale up your portfolio this A clean, efficient asset with a tenant base and expense structure that make the numbers work. Rarely does an opportunity like this present itself! (id:63626)

Listed by: Diana Gerrior, Salesperson, eXp Realty

Home facts and features

Price details

List Price

$1,160,000

Gross Taxes for 2026

$8,644

Home facts

Bedrooms

Full Bathrooms

Property Type

Multifamily

Lot Size

11990 ft²

Depth

Title

Freehold

Exterior Finish

Wood, Colour Loc

Heating Type

Heat Pump, Baseboard heaters, Electric

Cooling

Heat Pump

Basement Details

Full

Agent details

Primary Agent

Diana Gerrior

Primary Broker

eXp Realty

Listing details

Days on REW

74 Days

Property Views

MLS® Number

NB136499

Source

Canadian Real Estate Association

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Property Insights

Schools nearby

10 Schools are within 2km

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

St. Malachy's Memorial High School

n/a
9 - 12
In Catchment

Divine Mercy Catholic School

n/a
K - 9
In Catchment

St. John The Baptist/King Edward School

n/a
K - 8
In Catchment

Saint Rose School

n/a
K - 5
In Catchment

Barnhill Memorial School

n/a
6 - 8
In Catchment

Prince Charles School

n/a
K - 8
In Catchment

300/ 125 Guilford And Lancaster StreetSaint John, NB, E2M 1W3