191-197 Université Avenue Moncton, New Brunswick E1C 5K4

$1,600,000

This great investment property has been fully renovated and includes 2 buildings and a parking lot all on one lot zoned MU. 191 Université includes 6 units, two 1 bedroom, two 2 bedrooms and 2 main floor commercial units. 197 Université is a stand alone building currently optimized for a medical clinic but could easily be adaptable for a wide range of professional uses, including Law or Accounting Firms Specialized Medical Practitioners (Physiotherapy, Dental, etc.), Creative Agencies or Tech Startups. Situated on Université avenue, these buildings benefit from high visibility and foot traffic. The location is a magnet for both commercial tenants seeking professional exposure and residential tenants wanting proximity to the University, local hospitals, and the downtown core. The synergy of the neighborhood ensures a low vacancy rate and consistent demand across all unit types. As the Université corridor continues to develop, property values in this specific pocket are projected to see steady growth. The high-quality renovation ensures that the property will remain competitive in the rental market for decades to come, commanding top-tier rents in any economy. (id:27750)

Property Details

MLS® Number	NB135722
Property Type	Multi-family
Features	Level Lot, Wheelchair Access

Building

Appliances	Refrigerator, Stove, Washer, Dryer
Basement Development	Partially Finished
Basement Type	Full (partially Finished)
Cooling Type	Heat Pump
Exterior Finish	Other, Aluminum/vinyl
Flooring Type	Ceramic, Laminate, Hardwood
Foundation Type	Concrete
Heating Fuel	Electric
Heating Type	Baseboard Heaters, Heat Pump
Size Interior	4,561 Ft2
Total Finished Area	4561 Sqft
Utility Water	Municipal Water

Land

Access Type	Year-round Access, Public Road
Acreage	No
Landscape Features	Landscaped
Sewer	Municipal Sewage System
Size Irregular	1289
Size Total	1289 M2
Size Total Text	1289 M2
Zoning Description	Mu

https://www.realtor.ca/real-estate/29587921/191-197-université-avenue-moncton