Moncton · MLS® NB149842
83
3,500 sq ft · 2 sq ft lot · House · Single Family · 8 days on market
listed by Shagun Gupta, Keller Williams Capital Realty
Explore Mountain Road Estate, a lucrative 2.45-acre property package with 340 ft frontage on Moncton's central Mountain Rd. Zoned R3 with potential for 100-200 condos, it promises high ROI for developers. Two existing houses generate a stable $4,500/month rental income. The package includes an inviting 3-bedroom bungalow, a versatile 3-bedroom house with a 2-bedroom basement apartment, and expansive vacant land, and a small pond, providing unimaginable expansion possibilities. With the unprecedented growth in Greater Moncton, the area has experienced a significant population influx, making it a prime investment location. Positioned on Moncton's central road, Mountain Rd, with access to major facilities and attractions. This investment boasts immediate income, development potential, and natural charm. Seize this rare opportunity for a distinctive and rewarding real estate venture! Seller is open to collaborations. Vendor is immediate relative of listing Salesperson who is licensed in the Province of New Brunswick
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.
Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.
Walkability 0/100 · Car needed for most errands
Nothing everyday within a 10 minute walk.
mihom score from OpenStreetMap places, by straight line distance.