$4,200,000

For sale

Moncton, New Brunswick, E1C5Y7

1,220 ft²Lot size 5,005 sq ft (0.11 ac)

Listed by Real Broker

For sale

7 days ago

$679K

Moncton, New Brunswick, E1C6H3

4,172 ft²Lot size 5,005 sq ft (0.11 ac)

Listed by RE/MAX Quality Real Estate Inc.

For sale

8 days ago

$620K

Moncton, New Brunswick, E1A5P7

3,040 ft²Lot size 5,856 sq ft (0.13 ac)

Listed by Keller Williams Capital Realty

For sale

8 days ago

$620K

Moncton, New Brunswick, E1A5P7

5,796 ft²Lot size 5,856 sq ft (0.13 ac)

Listed by Keller Williams Capital Realty

Investment analysis

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$4,200,000

Moncton

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Address not available, Moncton - Multi-family for Sale

Moncton, New Brunswick, E1G1A6

1,500 ft²2.00 acres lot sizeListed 16 days ago

Overview

This multi-family property in Moncton is for sale offering roughly 1,500 sq ft of space. It has been on the market 16 days, fresher than the Moncton average of 120 days.

Multi-Family Properties for Sale in Moncton →All real estate in Moncton →

Description

This site is approved for an 85 unit condo building making it a dream project for any investor/builder/developer right in the heart of Moncton. Seller will provide all plans and studies done until now along with property transfer. Currently has a 2 bedroom house which will be sold in as-is condition. The site promises a streamlined development process, offering a ready-to-go project with a projected turnover of $50-60 million. Its central location on Mountain Rd, near major facilities and universities, ensures high demand for modern condominium living. With architectural freedom to tailor designs, capitalize on the strong housing demand and invest strategically. Seize the opportunity to shape the future of urban living in this thriving locale. Seller is open to collaborations. Vendor is immediate relative of listing Salesperson who is licensed in the Province of New Brunswick (id:66096)

Property Details

MLS®: NB149724
Property Type: Multi-family
Zoning: suburban commercial
Interior Size: 1,500 ft²
Lot Size: 2.00 acres
Units: 1
Basement: None
Heating: Baseboard heaters
Ownership: Freehold
Property Tax: $5,037.48/yr
Listed: 16 days ago

Features

Flooring: Other
Exterior: Other

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

16d

Moncton listings, avg age

120d

Price / ft²

$2,800

List price

$4.20M

Haho

This multi-family in Moncton has been listed for 16 days, which is 104 days fresher than the city average of 120. Act while there is still low competition.

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Listed by Keller Williams Capital Realty · Shagun Gupta

Location

Approximate location — exact address confirmed upon showing

Nearby Places

$4,200,000· $2,800/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $840,000

Min 20%50%

Mortgage payment$17,912/mo

Property tax (est.)$420/mo

Total monthly$18,332

Cash Needed to Close

Down payment (20%)$840,000

Land transfer tax$63,000

Est. closing costs$15,100

Total cash needed$918,100

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