For Sale · Specialty

961 Mountain Road, Moncton

961 Mountain Road, Moncton, NB E1C2S4

$450,000 total

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Asset Class

Specialty

Size

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Building class

A

Zoning

US — Urban Services

$ / SF

—

Occupancy

97%

Year Built

1950

Lot Size

0.12627073830080604 ac

About this property

Prime Mountain Road location! This two-storey property, zoned SC (Suburban Commercial), sits on the corner of Mountain Road and Katherine Avenue and offers approximately 1,500 sq. ft. of above-grade living space. The main floor has previously been used as office space and is currently rented as a single residential unit. It features a kitchen, laundry, toilet, dining area, living room and one bedroom. Upstairs, you will find a spacious 24' x 12' room suitable for a meeting room or bedroom, a primary bedroom and a 4-piece bathroom, plus a walk-up to a small attic. The possibilities are worth exploring: live in the house while operating a business in the neighbouring building, consider future development opportunities, or investigate the potential to redevelop the site. Ideally located beside 951 Mountain Road, home of the House of Lam Restaurant, which is currently listed with mls NB146613 and PID 00752170. This property is ideally suited to be sold in conjunction with the restaurant property. A rare opportunity to secure a prominent corner location in a high-visibility commercial area of Mountain Road. Please contact your favourite REALTOR® for more information. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$450K
Down payment30% · $135K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$33K

Annual cash flow

$8K

Cash-on-cash

6.26%

DSCR

1.34

Going-in cap

7.42%

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

40,416

Households

14,836

Median income

$87,000

Median age

44.4

Daytime population

38,261

5-yr growth

3.2%

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

Secure deal room

Confidential diligence documents for 961 Mountain Road, 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.