For Sale: 507 Milford Road, Saint John, NB

About this home

Looking to add an income-producing property to your investment portfolio? This two-storey duplex on Saint John's west side offers an attractive opportunity with established rental income, a vacant and recently refreshed unit, and flexibility for investors to maximize the property's potential. Offering approximately 1,500 square feet of finished living space, the property features two self-contained units, each with two bedrooms and one bathroom. The main-floor unit is currently rented for $1,236 per month, while the vacant upstairs unit was previously rented for $1,650 per month, representing a combined rental income of $2,886 per month if both units were rented at those rates. With the upstairs unit now vacant, investors have the opportunity to establish a new tenancy and determine their rental strategy. The upstairs unit has been freshly painted throughout and is ready for its next occupant. Additional improvements include painted kitchen cabinets and bathroom vanity, updated lighting, a new over-the-range microwave, newer appliances, and updates and painting to the front and rear decks. Located in an established residential neighbourhood on Saint John's west side, the property offers an appealing location for tenants, with convenient access to shopping, restaurants, schools, and everyday amenities. Major routes are easily accessible for commuting throughout Saint John and surrounding areas, while nearby Dominion Park Beach provides an added recreational attraction. Whether you're an experienced investor expanding your portfolio or purchasing your first rental property, 507 Milford Road offers existing rental income, leasing flexibility, and an opportunity to build long-term investment value. (id:63626)

Listed by: Lisa Oland, Salesperson, EXIT Realty Specialists

Home facts and features

Price details

List Price

$325,000

Gross Taxes for 2026

$3,888

Home facts

Bedrooms

Full Bathrooms

Property Type

Multifamily

Lot Size

1561 ft²

Depth

Title

Freehold

Exterior Finish

Other

Heating Type

Baseboard heaters, Electric

Features

Balcony/Deck/Patio, Level lot

Appliances

Microwave, Refrigerator, Stove

Agent details

Primary Agent

Lisa Oland

Primary Broker

EXIT Realty Specialists

Listing details

Days on REW

1 Day

MLS® Number

NB142780

Source

Canadian Real Estate Association

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Property Insights

Schools nearby

10 Schools are within 3km

Saint Rose School

n/a
K - 5
In Catchment

Barnhill Memorial School

n/a
6 - 8
In Catchment

Harbour View High School

n/a
9 - 12
In Catchment

Seaside Park Elementary School

n/a
K - 5
In Catchment

Beaconsfield Middle School

n/a
6 - 8
In Catchment

Centennial School

n/a
K - 5
In Catchment

Divine Mercy Catholic School

n/a
K - 9
In Catchment

Millidgeville North School

n/a
3 - 8
In Catchment

Princess Elizabeth School

n/a
K - 8
In Catchment

Saint John High School

n/a
9 - 12
In Catchment

507 Milford RoadSaint John, NB, E2M 4R5