Property Information:

BACK ON MARKET DUE TO FINANCING. Welcome to 116–118 Lancaster Street, a well-maintained duplex on Saint John’s west side. Each spacious unit features 3 bedrooms, a full bathroom, and a functional kitchen, with plenty of natural light throughout. Both units also offer in-unit laundry hookups conveniently located at the back of each space. This property presents an excellent investment opportunity with current rental income of $1,075 for Unit 116 and $1,110 for Unit 118, for a combined total of $2,185 per month. Tenants cover their own utilities, making this a straightforward, income-generating property. Situated close to schools, parks, shopping, and all west side amenities, this duplex is ideal for investors or owner-occupiers seeking both affordability and steady returns. Expenses: *Water heater rental - $354/year* Insurance: $1842. Taxes: $4641. Water/Sewage: $2887.Total Expenses - 9724. Total Income $25800 - Expenses = Net Income $16076. Both Tenants are Month to Month.

Building Features:

Total Finished Area: 1980 Square Feet

Property Features:

Exterior: Engineered-Wood Siding
Flooring: Other
Foundation Basement: Concrete
Heating Cooling: Baseboard, Electric
Property Size: Under 0.5 Acres
Roof: Asphalt Shingle
Title To Land: Freehold
Water: Municipal

Courtesy of: RE/MAX Professionals

Data provided by: Greater Moncton REALTORS® du Grand Moncton 541 St. George Blvd., Moncton, New Brunswick E1E 2B6
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Demographic Information of 116-118 Lancaster ST, Saint John, NB, E2M 1H9