38 42 Terris Ave

For Sale 147 Days
$239,000
0.23 Acre

38 42 Terris Ave

For Sale 147 Days
$239,000
0.23 Acre

Highlights

Key insights

Description

This is a prime redevelopment opportunity you dont want to miss. Available are two adjacent parcels totaling approximately 0.23 acres (each approx. 0.114 acres), ideally situated just off Mountain Road, one of Monctons key arterial routes, offering excellent exposure and immediate access to a broad range of amenities. These well-configured lots are located within a quiet residential pocket directly behind Arbys, with Popeyes on the corner and a variety of nearby services including restaurants, coffee shops, and convenience retailers. The area is further supported by two major commercial hubs at Mapleton Road and Plaza Boulevard, offering grocery stores, national chains, fitness centres, and more. The property is also minutes from key institutions such as NBCC (New Brunswick Community College), Moncton City Hospital, and Université de Moncton, making it a highly desirable location for future residential development. Zoned R2, the property supports strong development potential. A small existing residence, sold ""as is where is,"" remains on one lot and will require demolition to make way for a new project, though with the right vision, it may be revitalized. Following the City of Monctons recent move to permit 4-unit dwellings within existing R1 and R2 zones (subject to City approvals), this site represents a strategic and affordable investment in a growing, centrally located residential area. (id:63267)

Nikki Rawlines of Colliers International New Brunswick,
#NB118535
updated 1 month ago.
Houseful checked MLS® for data 1 month ago.

Home overview

Amenities / Utilities
  • Sewer/ septic
    Municipal sewage system
Lot/ Land Details
  • Lot dimensions
    0.23
Overview
  • Lot size (acres)
    0.23
  • Listing #
    Nb118535
  • Property sub type
    Land
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28365143/38-42-terris-avenue-moncton
  • Listing type identifier
    Idx

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The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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$-637

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25 Years fixed, 20% down payment, % interest
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