1459 Rothesay Road — Saint John, New Brunswick

Excellent investment opportunity in a highly convenient location on Rothesay Road, ideally situated between Saint John and the Kennebecasis Valley with easy access to shopping, schools, amenities, and major commuter routes. This well-maintained triplex features three spacious 3-bedroom units, each with its own laundry facilities, making it an attractive option for tenants and landlords alike. The lower-level apartment will be vacant upon closing, offering the opportunity for owner occupancy or the ability to set your own market rent. Current rents are $1,350/month and $1,495/month (heat included), with the vacant unit estimated to generate approximately $1,300/month. The property offers ample off-street parking, generous yard space, and several important updates, including a completely new septic system installed in 2021 and roof shingles replaced within the last 10 years. Low-maintenance vinyl siding helps keep operating costs manageable, while the overall condition of the building is good. There is a storage shed that will need some upgrades to be used. Whether youre looking to live in one unit while offsetting your mortgage with rental income, or add a solid multi-family property to your investment portfolio, this versatile triplex is well worth a look. (id:63357)