Property Description

A well-positioned five-unit brick investment steps from historic Queen Square, in one of Saint John's most desirable uptown pockets walkable to uptown restaurants, galleries, the City Market, and the waterfront. The property is also just around the corner from the new school currently under construction, a development that could further support demand in the area. This property offers an investor the opportunity to add value through updated finishes over time, with the potential for improved rents as units turn over. One unit has recently been refreshed and updated, and is currently vacant offering a preview of what upgraded finishes could achieve elsewhere in the building, and the chance to set a new market rent right out of the gate. Units offer spacious layouts, with some featuring high ceilings, large windows and has a backyard a rare and appealing amenity for tenants in this uptown setting. 112 Queen delivers dependable performance today, with long-term investors well-positioned to benefit from future value growth. (id:7434)