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141-149 King Street
Fredericton New Brunswick , E3B1C8 , Canada
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$990,000.00
MLS® NB116718
Investment
Lot Size: 1226 Square Metres
Built in: 1890
Zoning: CC
Remarks:
EXCEPTIONAL OPPORTUNITY! Zoned CC within the coveted Victoria Circle downtown, this 1226 sq M lot is a prized possession for the savvy investor. A dream for future development w/variety of permitted uses. Good revenue stream-watch your investment increase in value. The 2 buildings share the lot. The large family home with 5 bedrooms 2 1/2 baths has beautiful woodwork & stained-glass features. Enjoy informal family dinners in the large country-style kitchen complete with separate pantry. Nice size dining rm w/stained-glass windows, built in cabinetry & French doors, opens onto living room. A main floor bedrm w/beautiful stained-glass windows, full bath and large welcoming foyer plus glassed-in verandah completes this main floor. Upstairs finds 4 bedrms; a wonderful front alcove, full bath & half bath. The bachelor apt above the mudroom/laundry rm addition has a framed door access into the main home from the primary bedroom upstairs. The ""Green House"" at 149 King St has 3 apartments. The upstairs unit enjoys a nice size living room, eat-in kitchen, bedroom & bath with a back mudroom w/ laundry and verandah overlooking the huge backyard. Downstairs are 2 smaller units. Both buildings have natural gas heat. Rent revenue is based on the projected income, with all units occupied. Loads of parking potential here to rent some parking spots for added revenue. The underlying value of the land alone makes this a fantastic investment. (id:7526)

Property Features:
  • Access Type: Year-round access
  • Property Type: Multi-family
  • Sewer: Municipal sewage system
Building Features:
  • Appliances: Refrigerator , Stove , Washer , Dryer
  • Basement Development: Unfinished
  • Basement Type: Full
  • Exterior Finish: Vinyl , Wood
  • Fire Protection: Smoke Detectors
  • Flooring Type : Laminate , Vinyl , Linoleum , Hardwood
  • Foundation Type: Concrete , Stone
  • Heating Fuel: Natural gas
  • Heating Type: Baseboard heaters

All information displayed is believed to be accurate, but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.

Not intended to solicit properties currently listed for sale.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

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