53 Newman Street Saint John, New Brunswick E2K 1M2
$299,999
Welcome to 53 Newman Street, a well maintained three unit building located just minutes from the city centre. This property has been owned by the same owner for many years and has seen numerous upgrades over time, including electrical, plumbing, roofing and more, offering buyers peace of mind. Each unit features baseboard electric heat with separate meters, making it an ideal setup for investors. The unfinished basement provides excellent future potential with the opportunity to create a fourth unit, subject to the necessary approvals. Current rents are well below market value, and Unit 1 is vacant, allowing a new owner the flexibility to set market rent or occupy the unit while improving the overall income potential. With a strong location, solid improvements already completed and clear upside, this property presents an excellent opportunity for investors looking to add value and grow their portfolio. Contact today for full details or to arrange a viewing. Note that the income noted is factoring in the potential income for unit #1. (id:31036)
Property Details
| MLS® Number | NB131539 |
| Property Type | Multi-family |
Building
| Appliances | Refrigerator, Stove |
| Basement Development | Unfinished |
| Basement Features | Walk Out |
| Basement Type | Full (unfinished) |
| Exterior Finish | Other |
| Flooring Type | Laminate, Vinyl |
| Foundation Type | Concrete |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Size Interior | 2624 Sqft |
| Total Finished Area | 2624 Sqft |
| Type | Triplex |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Landscape Features | Landscaped |
| Sewer | Municipal Sewage System |
| Size Irregular | 0.115 |
| Size Total | 0.115 Ac |
| Size Total Text | 0.115 Ac |
https://www.realtor.ca/real-estate/29214424/53-newman-street-saint-john
Interested?
Contact us for more information
Stefan Cormier
Salesperson
(506) 634-8228
www.cormiergroup.ca/
www.facebook.com/#!/
https://www.linkedin.com/in/stefan-cormier-91833b2b/
10 King George Crt
Saint John, New Brunswick E2K 0H5
(506) 634-8200
(506) 632-1937
www.remax-sjnb.com/
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January 22 2026 02:44:40
Saint John Real Estate Board Inc
RE/MAX Professionals