197-199 Canada Street

Fredericton E3A 3Z8

Presenting a rare & exceptional turn key investment opportunity with Nashwaak River View from all 4 units plus potential development in this oversized City lot. This brick fourplex combines historic charm with modern reliability offering a truly turn-key asset in a prime location. Meticulously maintained with no deferred maintenance, this property is the definition of a stable, high-performing addition to any real estate portfolio! Extensively renovated from top-to-bottom in 2007, effectively creating a new building. All 4 units feature high ceilings. The desirable unit mix includes 2 spacious two-bedroom units and 2 versatile one-bedroom & den - perfect for accommodating professionals needing a home office. Investors will appreciate the stability provided by long-term tenants & a low turnover rate. The property generates additional income with separate coin-operated laundry facilities for each side (197 and 199). Recent major updates, including a new roof to ensure peace of mind and protect your investment for years to come. A rare find within the city. Tenants will also enjoy the use of a large backyard and private decks. Direct across from the Northside walking trail & the convenience of a city transit stop just steps from the front door. This is an unparalleled opportunity to acquire a cash-flow positive, problem-free investment property in a sought-after location. Check with your Realtor for showings instructions! All showings must have 24 hour notice. (id:2493)