For Sale · Multifamily

179 Main Street, St. Martins

179 Main Street, St. Martins, NB E5R1B7

$452,900 total

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

93%

Lot Size

0.07 ac

About this property

Situated in the vibrant and picturesque village of St. Martins, this property presents an exceptional commercial investment opportunity with unmatched charm, functionality, and potential. This well-maintained, mixed-use building is strategically located on a high-traffic street just steps from the world-famous Bay of Fundy, drawing tourists and locals alike year-round. This versatile property offers approximately 700sq feet of retail space on the main level, perfect for a boutique, café, gallery etc. With great curb appeal, prominent street frontage, and foot traffic from nearby attractions and amenities, this space is primed for business success. In addition to the commercial space, the property includes two income-generating residential units: A main-level 1-bed, 1-bath apartment, ideal for short- or long-term rental and a spacious 3-bedroom, 1-bathroom apartment on the upper level, both recently refreshed with modern paint and in great condition. Some key features include updated interiors in both apartments, durable metal roof, well-maintained exterior and interior throughout. A 23 x 23 detached garage, offering additional storage or rental income potential and just minutes from restaurants, shops, trails, and coastal attractions. Whether you're looking to start or expand your portfolio, this property offers multiple revenue streams in a growing tourism destination. Invest in the charm, character, and coastal lifestyle of St. Martins. Call your favorite REALTOR® to book your private viewing today! (id:66811)

Financial sandbox

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Estimate
Purchase price$453K
Down payment30% · $136K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$20K

Annual cash flow

$-5K

Cash-on-cash

-3.75%

DSCR

0.80

Going-in cap

4.41%

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

112,795

Households

42,851

Median income

$73,000

Median age

39.2

Daytime population

115,120

5-yr growth

6.7%

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

Secure deal room

Confidential diligence documents for 179 Main Street, St. Martins.

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.