Endless opportunities await with this unique investment property! Whether you redesign it into a multi-unit rental, extend the existing structure, or convert it back into a senior care or special care home, the potential here is unmatched. Currently being being used as a 12-bedroom rooming house, plus a separate 2-bedroom apartment. This property has been cash-flowing consistently with proven income sustainability for the last two years. Built with quality, safety, and functionality in mind, this quiet building is professionally managed and fully wheelchair accessible. It features a built-in alarm and sprinkler system (with water reserve), a large rear balcony, and a wheelchair ramp at the front entrance. The 2-bedroom unit could be ideal for a live-in owner or superintendent, while the 12 rooms offer a mix of private and shared facilities: four rooms include private 2-piece bathrooms, plus a common 3-piece bathroom, a mens-only bathroom, a womens-only bathroom, and an additional common shower and sink. Wide hallways and open spaces make this property easy to navigate and adaptable to various uses. As an added bonus, the garage is also rented for extra income. (id:47421)
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Detailed Information
Bedrooms
14
Bathrooms
8
Equipment
None
Location Description
homestead rd, coming from moncton - house is on the left.
Municipal ID
70456447
Property Type
Single Family
Rental Equipment
None
Transaction Type
For sale
Building
Architectural Style
Bungalow
Constructed Date
2010
Exterior Finish
Vinyl
# of Half Bathrooms
4
Heating Fuel
Electric, Oil
Heating Type
Baseboard heaters, Hot Water
Stories Total
1
Total Finished Area
6270 sqft
Type
House
Utility Water
Well
Parking Spaces
Name
Spaces
Detached Garage
Garage
Land
Total Size
7492 square meters
Acreage
Yes
Sewer
Septic System
Size of Irregular Land
7492
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