196 King St E

For Sale 162 Days
$779,000
beds
baths
4,795 Sqft

196 King St E

For Sale 162 Days
$779,000
beds
baths
4,795 Sqft

Highlights

Key insights

Description

An exceptional opportunity awaits in the heart of Uptown Saint Johna charming 7-unit building nestled on one of the citys iconic heritage streets. This well-maintained property is ideally located within walking distance to Saint John's best restaurants, shops, galleries, and waterfront attractions. Whether you're a first-time investor or looking to expand your portfolio, this property offers a strong cap rate of over 67% and excellent long-term potential. The building features a solid mix of five 1-bedroom units and two 2-bedroom units, providing broad tenant appeal. Current rental rates are strong, with Unit #1 renting at $1,175, Unit #2 at $1,200, Unit #3 at $850, Unit #4 at $1,100, Unit #5 currently vacant and advertised for $1,150, Unit #6 at $1,200, and Unit #7 also at $1,200. It includes two separate access points: the front entrance on King Street leads to five of the units, while the rear access from Wentworth Street opens to two fully renovated units, offering privacy and modern finishes. The property also features its own driveway with off-street parking availablea rare find in Uptown. This is a unique opportunity to invest in one of the most desirable areas of the city, combining historic charm with solid rental income. (id:63267)

Janice Purdy of EXIT Realty Specialists,
#NB114799
updated 1 week ago.
Houseful checked MLS® for data 1 week ago.

Home overview

Amenities / Utilities
  • Heat source
    Natural gas
  • Heat type
    Hot water
  • Sewer/ septic
    Municipal sewage system
Exterior
  • # total stories
    2
Location
  • Directions
    2067285
Lot/ Land Details
  • Lot dimensions
    4160
Overview
  • Lot size (acres)
    0.09774436
  • Building size
    4795
  • Listing #
    Nb114799
  • Property sub type
    Multi-family
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28080662/196-king-street-east-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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