2144,2149 Ocean Westway Saint John, New Brunswick E2M 5H6
$3,800,000
Welcome to 2144 and 2149 Ocean Westway, a fantastic investment opportunity featuring 19 fully renovated one-level, units ideal for professional workers. The property is in excellent condition and situated in a desirable area, offering easy access to the highway and nearby amenities. With strong rental numbers and modern updates throughout, this like-new property offers impressive financials. The total annual rental income is $312,600, with units rented at varying rates: 2 at $ 1,100, 2 at $ 1,200, 1 at $ 1,250, 10 at $ 1,400, 2 at $ 1,500, and 2 at $ 1,600. Estimated annual expenses include $21,984 for taxes, $5600 for water and septic, $5000 for electricity, $10,301 for insurance, and $6986 for snow removal and garbage, totaling approximately $49,871. This results in an estimated net income of $262,729. For serious investors seeking a high-performing and low-maintenance property, this is well worth a closer look. (id:46544)
Property Details
| MLS® Number | NB136310 |
| Property Type | Multi-family |
| EquipmentType | None |
| Features | Level Lot, Sloping |
| RentalEquipmentType | None |
Building
| Appliances | Refrigerator, Stove, Washer, Dishwasher, Dryer |
| ExteriorFinish | Vinyl, Wood |
| FlooringType | Vinyl |
| FoundationType | Concrete |
| HeatingFuel | Electric |
| HeatingType | Baseboard Heaters |
| StoriesTotal | 1 |
| SizeInterior | 9,500 Sqft |
| TotalFinishedArea | 9500 Sqft |
| UtilityWater | Municipal Water |
Land
| AccessType | Year-round Access, Public Road |
| Acreage | Yes |
| LandscapeFeatures | Landscaped |
| Sewer | Septic System |
| SizeIrregular | 3.27 |
| SizeTotal | 3.27 Ac |
| SizeTotalText | 3.27 Ac |
https://www.realtor.ca/real-estate/29541897/21442149-ocean-westway-saint-john
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April 01 2026 01:53:00
New Brunswick Real Estate Board