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$189,900 total
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Asset Class
Multifamily
Size
—
Building class
B
Zoning
RA9 — High Rise
$ / SF
—
Occupancy
83%
Lot Size
0.1148989898989899 ac
Two vacant units, each offering 2 bedrooms and 1 bathroom, in a desirable West Side Saint John location! Whether you're looking to add to your investment portfolio or live in one unit while renting the other, this duplex offers the flexibility to make it your own. Both units have undergone significant renovations and are move-in ready, with a few additional updates remaining. The roof shingles were replaced in 2024, the porch has been lifted and supported, and new stairs and railings have been installed. Each unit features its own electrical meter and in-unit laundry. Both units were previously rented for a combined $2800 per month, with tenants paying their own utilities. With both units currently vacant, the new owner has the opportunity to select their own tenants and establish market rent from day one. Conveniently located near shopping, schools, and everyday amenities, with quick access to the highway for an easy commute. The property also features a private backyard. A great opportunity to own a duplex in an established West Side neighbourhood, with the flexibility to generate rental income or have a tenant help offset your mortgage. Seller is a licensed real estate salesperson in the Province of New Brunswick. (id:66811)
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Monthly debt service
$877
Projected NOI
$6K
Annual cash flow
$-5K
Cash-on-cash
-8.38%
DSCR
0.55
Going-in cap
3.03%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
39,770
Households
16,394
Median income
$132,500
Median age
37.1
Daytime population
44,225
5-yr growth
1.8%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 35 Catherwood, Saint John.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.