194-196 Tower Street

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$89,900

194-196 Tower Street

Saint John · MLS® NB149942

2,700 sq ft · 465 m² lot · House · Single Family · 3 days on market

listed by Chris Turner, The Right Choice Realty

realtor's description

Looking for your next investment project? This two-unit property offers plenty of potential for the right buyer willing to roll up their sleeves and bring it back to life! Featuring two spacious 3-bedroom, 1-bathroom units, each with its own electrical meter, this property presents an opportunity to restore a multi-unit building and create an income-producing investment. Both units previously rented for $1,675 per month, generating a combined $3,350 in monthly rental income. The property experienced an electrical fire on the main level and is currently boarded up. Significant repairs and renovations are required, but for an experienced investor, contractor, or ambitious renovator, the potential is there! Two units, six bedrooms, separate meters, and an opportunity to bring this property back to life. Bring your vision and make it happen!

property details

type: House, Single Family
bedrooms: 6
bathrooms: 2
living area: 2,700 sq ft
lot: 465 m²
parking: 0
property tax: $2,973 / yr
days on market: 3
MLS®: NB149942

monthly cost

$639/mo

Mortgage $392 · Tax $248

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$392/ monthly

loan $71,920

25-year amortization

down payment20% · $17,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $45,586
cash to close: $17,980; down payment; transfer tax and fees not included
total paid: $117,506

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

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