97 Victoria Street — Saint John, New Brunswick

Welcome to 97 Victoria Street, Saint John an excellent income-generating triplex opportunity for investors seeking strong cash flow and long-term value. This well-maintained three-unit property features a functional and desirable layout with three-bedroom, one-bathroom units in each suite, offering spacious living for tenants. Each unit is equipped with its own separate electrical meter, helping to keep operating expenses low and simplifying management for the owner. All units include in-unit laundry access, with additional coin-operated laundry providing extra convenience and potential supplementary income. Each unit also features a private deck or balcony, adding valuable outdoor living space for tenants. The property has been well cared for, including a roof inspection/service completed in 2024, ensuring peace of mind for future ownership. The building is in solid condition and has been maintained for reliable performance. Currently, tenants are paying approximately $625 per room plus utilities, generating stable rental income with strong upside potential for future rent increases. With nine bedrooms in total across all units, this property delivers excellent income density and strong investment fundamentals. Outside, the property offers a fenced backyard, providing additional usable space and tenant appeal. Located in the highly accessible North End of Saint John, the property is within walking distance to schools, restaurants, shopping, parks, and everyday amenities, with easy access via Main Street and surrounding routes. Whether you are a seasoned investor or looking to enter the multi-family market, this property presents a rare opportunity to secure a cash-flowing asset in a growing area. Based on current numbers, the property offers an estimated cap rate in the 7 to 9% range, depending on expenses and management strategy. Dont miss this opportunity to add a strong performing triplex to your portfolio. Call to book your private viewing today! (id:63357)