Located in the heart of downtown Shediac, 404 Main Street is a well-maintained 11-unit investment property offering a rare combination of charm, character, location, and a strong rental history. The property consists of two separate buildings and presents an excellent opportunity for investors looking to add a solid income-producing property to their portfolio. The front building is a designated heritage property, full of character and charm. It features a secure entrance, inviting lobby, and four residential units, along with a convenient coin-operated laundry facility in the basement. The building is individually metered and includes two water heaters. The unfinished basement also provides additional storage space, offering practical benefits for both the property and its tenants. The second building consists of seven residential units, most of which are equipped with their own in-unit washer and dryer. The remaining two units have access to the laundry facilities located in the main building. Constructed on a slab, this building offers a variety of unit layouts to accommodate different tenant needs. The property has an excellent rental history with predominantly long-term tenants, providing stability and confidence for investors. Utilities are not included in the rents. One of the property's greatest advantages is its prime downtown Shediac location. Tenants are within walking distance of virtually everything they need, including shopping, restaurants, schools, a medical clinic, pharmacy, and other local amenities. Ample on-site parking is also available for tenants, adding to the property's convenience and rental appeal. With 11 units, two separate buildings, strong rental history, excellent tenant location, and the unique character of a designated heritage building, 404 Main Street represents a rare investment opportunity in the heart of Shediac. Call or text today for more information or to arrange a viewing. (id:4069)
Address
404 Main Street
List Price
$1,525,000
Property Type
Multi-family
Transaction Type
Sale
Area
New Brunswick
Sub-Area
Shediac
Floor Area
6,400 Sq. Ft.
Lot Size
2231 Sq M.
MLS® Number
NB147534
Listing Brokerage
EXIT Realty Associates
Postal Code
E4P2G1
Ownership
Freehold
Heat Source
Electric
Heat Type
Baseboard heaters
Foundation Details
Block, Concrete
Water Source
Municipal water
Access To Property
Year-round access, Public Road
Sewer
Municipal sewage system
