Property Description

Perched high above the city on prestigious Douglas Avenue, this landmark four-unit property offers panoramic views of the Atlantic Ocean, Saint John Harbour, the Uptown skyline, and cruise ships entering the port. The building features four spacious residential units, including one oversized three-bedroom apartment and three generous three-bedroom apartments. High ceilings, large windows, and its elevated position create bright living spaces with views rarely found in Saint John. This property has an exceptional rental history, featuring stable long-term tenancy, consistent occupancy, and significant future rental upside as current rents remain below prevailing market levels. Equally attractive for investors or owner-occupants, the largest unit offers the opportunity to enjoy one of the citys most impressive viewpoints while benefiting from income generated by the remaining apartments. In addition to its strong long-term rental performance, the property may offer future short-term rental potential, subject to municipal regulations and buyer due diligence. The unique combination of panoramic ocean and harbour views, heritage character, ample parking, and proximity to Uptown Saint John creates opportunities for a variety of residential and hospitality-oriented uses. The property includes ample on-site parking for approximately 1012 vehicles and is conveniently located minutes from Uptown Saint John, the Regional Hospital, UNB Saint John, and major amenities. Historical Note: Known as the Count DeBury Residence, this landmark 1875 property is listed on the Canadian Register of Historic Places and is recognized as one of Saint Johns finest examples of Second Empire architecture, featuring a classic Mansard roof and commanding hilltop views of the harbour and city. (id:7434)