79 Mecklenburg Street, Saint John, E2L1P9

Home Overview

Description

Seize the opportunity to own a prime multi-unit property nestled in the heart of a vibrant uptown neighbourhood. This five-unit building presents an exceptional prospect for the discerning investor with a vision for redevelopment and value enhancement. Boasting a unique mix of units, two are relatively untouched by a previous incident. An additional unit, with moderate damage, is ripe for a refurbishment that could swiftly add to its market appeal. The remaining two units provide a blank canvas, necessitating a complete rebuild; this allows for creative freedom in design and modernisation, tailored to meet the exacting demands of future tenants. Investing in this property is not merely about restoring its structureit's an opportunity to redefine it. With the scope to bring all units up to current market rents once renovations are complete, the financial upside is clear and compelling. The chance to revitalise this asset within the market could set the stage for significant returns. The potential to contribute to the area's redevelopment while securing a foothold in an up-and-coming precinct is an attractive proposition for the right investor. This is more than a purchase; it's a project that promises to deliver both community value and profitable yields. We invite you to explore the potential and envision the future of this compelling investment opportunity. (id:39198)

1 day

On Market

Multi-family

Property Type

$4,387 / Year

Est. Taxes

Other

Style

-

Garage

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Basement