116-118 Lancaster Dr

For Sale New 2 Days
$179,900
beds
baths
1,980 Sqft

116-118 Lancaster Dr

For Sale New 2 Days
$179,900
beds
baths
1,980 Sqft

Highlights

Key insights

Description

Welcome to 116118 Lancaster Street, a well-maintained duplex on Saint Johns west side. Each spacious unit features 3 bedrooms, a full bathroom, and a functional kitchen, with plenty of natural light throughout. Both units also offer in-unit laundry hookups conveniently located at the back of each space. This property presents an excellent investment opportunity with current rental income of $1,075 for Unit 116 and $1,110 for Unit 118, for a combined total of $2,185 per month. Tenants cover their own utilities, making this a straightforward, income-generating property. Situated close to schools, parks, shopping, and all west side amenities, this duplex is ideal for investors or owner-occupiers seeking both affordability and steady returns. Expenses: *Water heater rental - $354/year* Insurance: $1842. Taxes: $4641. Water/Sewage: $2887.Total Expenses - 9724. Total Income $25800 - Expenses = Net Income $16076. Both Tenants are Month to Month. (id:63267)

Marcus Power of RE/MAX Professionals,
#NB125599
updated 2 days ago.
Houseful checked MLS® for data 2 days ago.

Home overview

Amenities / Utilities
  • Heat source
    Electric
  • Heat type
    Baseboard heaters
  • Sewer/ septic
    Municipal sewage system
Interior
  • Flooring
    Other
Lot/ Land Details
  • Lot dimensions
    1410
Overview
  • Lot size (acres)
    0.0331297
  • Building size
    1980
  • Listing #
    Nb125599
  • Property sub type
    Multi-family
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28804049/116-118-lancaster-drive-saint-john
  • 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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$-480

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25 Years fixed, 20% down payment, % interest
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