









1/11961 Mountain Road, Moncton, NB E1C2S4
$450,000 total
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Asset Class
Specialty
Size
—
Building class
A
Zoning
US — Urban Services
$ / SF
—
Occupancy
97%
Year Built
1950
Lot Size
0.12627073830080604 ac
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)
Adjust the deal assumptions — returns recalculate instantly.
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.
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.
Confidential diligence documents for 961 Mountain Road, Moncton.
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.