290 King St W Saint John, New Brunswick E5K 3W7
$660,000
THIS BUILDING CAN ALSO BE PURCHASED AS PART OF A 36 UNIT PACKAGE. This 6 Unit will give any investor a Great opportunity to expand your portfolio. This property is located on the West side of Saint Jonn, next door to the Fire Station, Tim Hortons...just across the street, and giving access to the highway. This building has gone through extensive renovation on the inside, with all new electrical installed throughout, top to bottom including upgrades to the mast. All Units have owned tankless water heaters, keeping expenses down! Some units are rented below market value, and could be increased. Electric baseboard heating.. all tenants pay their own heat and lights & hot water. There is ample off st. parking, with on street parking as well. The building consists of 2-1 bedrooms, 3-2 bedrooms- 1-3 bedrooms. Rents are as follows:Unit 1= $1,395 per month, Unit 2= $995 , Unit 3= $1,045 , Unit 4= $995 , Unit 5= $1,325 & Unit 6= $1,295 This property shows a cap rate of 7.7% with financials provided. All dimensions and numerics are approximate and may be verified by the buyer. Interested buyers may consider buying a whole portfolio consisting of 36 units, located at 260 Douglas Ave 9 plex, 130-132 Broad st 6 plex, 148 Broad st 5 plex , 224-230 Britain st. -5 unit plus garage income , & 19 Cedar st. 5 units (id:49203)
Property Details
| MLS® Number | NB145494 |
| Property Type | Multi-family |
| Equipment Type | Water Heater |
| Rental Equipment Type | Water Heater |
Building
| Appliances | Refrigerator, Stove, Washer, Dishwasher, Dryer |
| Basement Type | Crawl Space, Full, Partial |
| Exterior Finish | Wood Shingles, Vinyl, Wood |
| Flooring Type | Laminate, Vinyl |
| Foundation Type | Concrete |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Size Interior | 6,200 Sqft |
| Total Finished Area | 6200 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Irregular | 469 |
| Size Total | 469 M2 |
| Size Total Text | 469 M2 |
https://www.realtor.ca/real-estate/30139687/290-king-st-w-saint-john
Contact Us
Contact us for more information
Michael Jackson
Salesperson
www.homesbyjackson.ca/
1020 Rothesay Road
Saint John, New Brunswick E2H 2H8
(506) 642-3948
(506) 642-7770
Milad Debly
Salesperson
655 Main Street
Woodstock, New Brunswick E7M 2C7
(506) 325-2500
(506) 325-2445
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August 11 2026 12:41:46
New Brunswick Real Estate Board
Exit Realty Specialists, Century 21 All Seasons Realty