For Sale: 47 Elm Street, St. Stephen, NB

About this home

Unlock the ultimate Investment Property with this sprawling, multi-structure estate located in centrally in the Town of St. Stephen with easy access to all the amenities the town offers. Boasting a massive double lot with large mature trees and a park like atmosphere it also has access to municipal water and sewer connections. This property is a blank canvas offering incredible cash flow potential for visionary buyers. Whether you want to restore the existing footprint to create a multi-family income generator, or subdivide to build a brand-new home or additional rental units, the possibilities here are endless! The property features a total of 4 existing rental units across interconnected buildings, offering massive ROI potential once restored. The two-story main house features two separate rental units (roughly 1100 square feet each) with the top unit featuring an attic space with a window. It has a solid foundation and has good bones. Unit 3 (Attached Extension roughly 600 square feet) is an adjoining addition that was previously used as a rental unit. Unit 4 (Story-and-a-Half House that's roughly 1250 square feet) is an additional unit connected to the rear extension. It also features an attached 1-car garage. Total configuration: 4 self-contained rental units requiring full restoration. Subdivision Potential: The lot can be subdivided into two separate, legal parcels, giving you the ability to sell off the second lot or develop it. Build New: With municipal services already in place, the subdivided lot provides a ready-made opportunity to Build a House or Apartment and maximize your property value. This property is a fixer-upper and requires a complete to-the-studs renovation inside. (id:63626)

Listed by: Dwayne Snell, Salesperson, Royal LePage Select Realty

Home facts and features

Price details

List Price

$99,900

Gross Taxes for 2026

$828

Home facts

Bedrooms

Full Bathrooms

Property Type

Multifamily

Lot Size

20908 ft²

Depth

Title

Freehold

Exterior Finish

Wood

Basement Details

Crawl space

Features

Balcony/Deck/Patio

Agent details

Primary Agent

Dwayne Snell

Primary Broker

Royal LePage Select Realty

Listing details

Days on REW

2 Days

MLS® Number

NB144471

Source

Canadian Real Estate Association

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Property Insights

Schools nearby

10 Schools are within 86km

St. Stephen Middle School

n/a
6 - 8
In Catchment

St. Stephen Elementary School

n/a
K - 5
In Catchment

Milltown Elementary School

n/a
K - 5
In Catchment

St. George Elementary School

n/a
K - 5
In Catchment

Fundy Middle And High School

n/a
6 - 12
In Catchment

Blacks Harbour School

n/a
K - 5
In Catchment

Westfield School

n/a
K - 5
In Catchment

Inglewood School

n/a
3 - 5
In Catchment

Grand Bay Primary School

n/a
K - 2
In Catchment

River Valley Middle School

n/a
6 - 8
In Catchment

47 Elm StreetSt. Stephen, NB, E3L 2L1