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$399,000 total
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Asset Class
Specialty
Size
—
Building class
B
Zoning
DC2 — Site Specific
$ / SF
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Occupancy
97%
Year Built
2002
Lot Size
1.5 ac
Rural-zoned for both commercial and residential use, this versatile property sits on 1.5 acres and is conveniently located just minutes from the highway, East Saint John Shopping Centre and Saint John Airport. Offering over 3,300 sq. ft. of living space, the property features three separate units. The main commercial space, offers the flexibility to continue as a grocery store or office space, or be converted to residential use. The other two bright and spacious units include a two-bedroom apartment and a three-bedroom, two-bathroom apartment, offering excellent options for owner occupancy, rental income or extended family living. Laundry plumbing and electrical connections are already in place for future washer and dryer installation. Outside, a large front parking area provides ample space for residents and visitors. Four separate exterior entrances add flexibility for different living arrangements and potential future use. A unique opportunity for homeowners, multi-generational families or those looking to generate rental income while enjoying plenty of space and future possibilities. (id:66811)
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Monthly debt service
$2K
Projected NOI
$25K
Annual cash flow
$3K
Cash-on-cash
2.54%
DSCR
1.14
Going-in cap
6.30%
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
114,811
Households
50,566
Median income
$96,500
Median age
31.6
Daytime population
159,552
5-yr growth
5%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 27 Upper Golden Grove Road, Upper Golden Grove.
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.