For Sale: 404 Main Street, Shediac, NB

About this home

Located in the heart of downtown Shediac, 404 Main Street is a well-maintained 11-unit investment property offering a rare combination of charm, character, location, and a strong rental history. The property consists of two separate buildings and presents an excellent opportunity for investors looking to add a solid income-producing property to their portfolio. The front building is a designated heritage property, full of character and charm. It features a secure entrance, inviting lobby, and four residential units, along with a convenient coin-operated laundry facility in the basement. The building is individually metered and includes two water heaters. The unfinished basement also provides additional storage space, offering practical benefits for both the property and its tenants. The second building consists of seven residential units, most of which are equipped with their own in-unit washer and dryer. The remaining two units have access to the laundry facilities located in the main building. Constructed on a slab, this building offers a variety of unit layouts to accommodate different tenant needs. The property has an excellent rental history with predominantly long-term tenants, providing stability and confidence for investors. Utilities are not included in the rents. One of the property's greatest advantages is its prime downtown Shediac location. Tenants are within walking distance of virtually everything they need, including shopping, restaurants, schools, a medical clinic, pharmacy, and other local amenities. Ample on-site parking is also available for tenants, adding to the property's convenience and rental appeal. With 11 units, two separate buildings, strong rental history, excellent tenant location, and the unique character of a designated heritage building, 404 Main Street represents a rare investment opportunity in the heart of Shediac. Call or text today for more information or to arrange a viewing. (id:63626)

Listed by: Pierre Basque, Salesperson, EXIT Realty Associates

Home facts and features

Price details

List Price

$1,525,000

Gross Taxes for 2026

$13,895

Home facts

Bedrooms

Full Bathrooms

Property Type

Multifamily

Lot Size

24014 ft²

Depth

Title

Freehold

Exterior Finish

Vinyl

Heating Type

Baseboard heaters, Electric

Agent details

Primary Agent

Pierre Basque

Primary Broker

EXIT Realty Associates

Listing details

Days on REW

7 Days

Property Views

MLS® Number

NB147534

Source

Canadian Real Estate Association

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Property Insights

Schools nearby

2 Schools are within 0km

École Mgr-François-Bourgeois

n/a
K - 8
In Catchment

Polyvalente Louis-J.-Robichaud

n/a
9 - 12
In Catchment

404 Main StreetShediac, NB, E4P 2G1