For Sale · Multifamily

42 Winnipeg Street, Moncton

42 Winnipeg Street, Moncton, NB E1C7C4

$1.0M total

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RA9 — High Rise

$ / SF

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Occupancy

85%

Year Built

2026

Lot Size

0.11 ac

About this property

A brand-new fourplex investment opportunity in a convenient central Moncton location. Construction just completed on August 1st! 2 units are already rented, and 2 units still vacant for owner occupier or an investor. Thoughtfully designed with todays tenants in mind, the property comprises three 2-bedroom units and one generously sized 1-bedroom, 2-bathroom unit. Each unit offers approximately 880 sq. ft. of bright, functional living space, for a total building area of 3,524 sq. ft. Located near downtown amenities, transit, shopping, dining, and employment centres, this turnkey multi-unit property presents an excellent opportunity to add a newly constructed, low-maintenance asset to your portfolio. The building features cement-board siding, an asphalt-shingle roof, concrete foundation, vinyl flooring, electric baseboard heating, and municipal sewer service. Civic addresses include 42 Winnipeg Street, 7 Baltic Street, 9 Baltic Street, and 11 Baltic Street, Moncton, NB. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.04M
Down payment30% · $312K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$5K

Projected NOI

$33K

Annual cash flow

$-25K

Cash-on-cash

-7.96%

DSCR

0.57

Going-in cap

3.15%

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.

Area demographics

Trade area within 3 miles of the property.

Population

41,579

Households

16,972

Median income

$115,000

Median age

35.6

Daytime population

38,324

5-yr growth

3.8%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 42 Winnipeg Street, Moncton.

NDA required
  • 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.