Completed in January 2025, 1032 Cleveland Avenue is a newly constructed 35-unit multi-residential asset located in Riverviews fastest-growing commercial node. This modern apartment building offers strong curb appeal, high-quality construction, and contemporary unit layouts designed to attract a broad tenant profile and support long-term occupancy stability. The property features an excellent parking ratio with 23 underground stalls and 29 surface parking spaces, enhancing tenant convenience and overall asset competitiveness. Units are built to top-tier rental standards with efficient floor plans and bright, modern finishes. Tenants benefit from walkable access to major retailers, restaurants, services, schools, parks, and public transit, along with quick connectivity to Gunningsville Boulevard and Downtown Moncton, making this one of the areas most desirable rental nodes. An added value component includes 0.41 acres of surplus land with conceptual plans for approximately 4,000 square feet of future commercial development, offering long-term expansion potential. Optional opportunity to acquire a separate fully leased commercial building occupied by a national tenant. Turnkey, institutional-quality asset in one of Greater Monctons strongest rental markets with built-in growth drivers. Financials are available after a signed NDA. (id:4069)
Address
1032 Cleveland Avenue
List Price
$9,800,000
Property Type
Multi-family
Type of Dwelling
Multi-family
Transaction Type
Sale
Area
New Brunswick
Sub-Area
Riverview
Floor Area
39,410 Sq. Ft.
Lot Size
1.11 Sq M.
Year Built
2025
MLS® Number
NB134427
Listing Brokerage
Colliers International New Brunswick
Basement Area
None
Postal Code
E1B0K8
