242 Germain St

For Sale 44 Days
$579,900
beds
baths
2,700 Sqft

242 Germain St

For Sale 44 Days
$579,900
beds
baths
2,700 Sqft

Highlights

Key insights

Description

Solid, well-maintained brick triplex on a sunny corner lot in Saint Johns vibrant uptown core. Located on prestigious Germain Street, just steps from Queen Square Market, restaurants, and shops, this turn-key investment combines strong income with low maintenance. All three units are self-contained with private laundry. Tenants pay their own heat and lights. The building includes a separate water meter and one rare off-street parking space. The master unit features a heat pump and a modern kitchen with stainless appliances and a dishwasher. Large corner windows bring in excellent natural light. The top and bottom units will be delivered vacant. The top unit was previously rented at $1,400/month plus utilities. The middle unit is currently rented at $1,400/month plus utilities. The bottom unit was previously rented at $1,850/month plus utilities. 2024 actual expenses total $13,292.18 (insurance $1,621; water/sewer $1,727.76; electricity $2,318; property tax $7,624.59). Total income at market rents is $55,800 annually, with a net operating income of $42,507representing a cap rate of approximately 7.33%. A prime location and a strong investmentideal for both owner-occupiers and long-term buy-and-hold investors. Vendor is a licensed REALTOR® in the province of New Brunswick. (id:63267)

Gemal Horne-Morgan of eXp Realty,
#NB123330
updated 1 week ago.
Houseful checked MLS® for data 1 week ago.

Home overview

Amenities / Utilities
  • Cooling
    Heat pump
  • Heat source
    Electric
  • Heat type
    Baseboard heaters, heat pump
  • Sewer/ septic
    Municipal sewage system
Exterior
  • # total stories
    3
Interior
  • Flooring
    Laminate, vinyl, hardwood
Lot/ Land Details
  • Lot dimensions
    1097.92
Overview
  • Lot size (acres)
    0.025796993
  • Building size
    2700
  • Listing #
    Nb123330
  • Property sub type
    Multi-family
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28646988/242-germain-street-saint-john
  • Listing type identifier
    Idx

Show less

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.
rbc logo
Lock your rate with RBC pre-approval
Mortgage rate is for illustrative purposes only. Please check RBC.com/mortgages for the current mortgage rates

$-1,546

/ Month
25 Years fixed, 20% down payment, % interest
$
$
$
%
$
%

Nearby Homes