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$845,000
Estimate Payments
134 Morton Ave
  • Moncton, NB, E1A 3H6
  • 0 Bed
  • Bath
  • 4630 Sqft
  • Multifamily
Welcome to 134 Morton Avenue. This income property is an amazing real estate investment opportunity for in the booming Moncton market. This building was very well maintained and was also renovated as needed to keep it in tip top shape for tenants over the years. All current tenants (full building) have been living at 134 Morton for over 3-4 years each. Location here is a big plus for tenants who can find everything they need at close proximity; it's only a few minutes away from the downtown core and situated a quick walk away from the University Stadium and stores. The units are 898 squared feet each and have one bathroom and two bedrooms (apart from one unit that has 1 bedroom). There is a spacious laundry room and two entrances to the building as well as two spacious hall ways & staircases. The lower level units have large windows because the foundation is raised so that the bottom units are seemingly indifferent that the ones above because half the units are above the ground grade and have full windows. The parking lot is very functional and has more than enough space. There is also a walking trail adjacent to the property and lots of space around the building. The property is easy to maintain and is currently managed by someone who can continue taking care of it for a good rate if clients are interested. At least one of the units is available for a showing upon request. Strong rental income and low costs to hold this one in your portfolio. (id:32586)

Home facts and features

Price details

List Price $845,000

Home facts

Bedrooms 0
Bathrooms
Property Type Multifamily
Year Built Built in 1984 (38 yrs old)
Title Freehold
Exterior Finish Vinyl siding
Heating Type Baseboard heaters

Agent details

Primary Agent Marc-Andre Poirier
Primary Broker Exit Realty Associates

Listing details

Days on REW 4 Days
MLS® Number M140114
Source Canadian Real Estate Association

Mortgage Calculator

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Estimated Payments
Purchase Price
Mortgage Amount
Down Payment
  • %
Amort.
25 Years
Interest Rate
1.35 %

Today's mortgage rates

  • 1.35%
  • /mo
  • 5 Year
Dominion Lending Centres
  • 1.99%
  • /mo
  • 2 Year
Dominion Lending Centres
  • 2.19%
  • /mo
  • 1 Year
Dominion Lending Centres
  • 2.29%
  • /mo
  • 3 Year
Dominion Lending Centres
  • 2.34%
  • /mo
  • 5 Year
Dominion Lending Centres
  • 2.94%
  • /mo
  • 7 Year
Dominion Lending Centres
  • 3.14%
  • /mo
  • 10 Year
Dominion Lending Centres

Advertised rates are not guaranteed and the rate provided by any financial institution listed, or any approval or decline you receive, will be based solely on your personal situation. The advertised rates are provided as guidance only and the accuracy of these rates is not guaranteed. You are encouraged to speak with a Mortgage Professional for the most accurate information and to determine your eligibility.

Sunny Brae Middle School
  • n/a
  • 5 - 8
  • In Catchment
École Le Mascaret
  • n/a
  • 6 - 8
  • In Catchment
École l'Odyssée
  • n/a
  • 9 - 12
  • In Catchment
Forest Glen School
  • n/a
  • K - 4
  • In Catchment
Moncton High School
  • n/a
  • 9 - 12
  • In Catchment
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly. Report Incorrect Info
Nesto
Sponsored
5-year Variable* Mortgage
Purchase Price
$845,000
Mortgage Amount
$676,000
Down Payment
$169,000
Percent
20%
Amortization
25
Interest Rate
1.35
Learn More
Rates are subject to change. Rate in this example is a variable rate at prime -1.10%. nesto Inc. Mortgage Agency. BC X300823.

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Listing data was last updated on 2022-01-16.