259 Princess Street

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$650,000

259 Princess Street

Saint John · MLS® NB140012

4,000 sq ft · 4,090 sq ft lot · House · Multi-family · 156 days on market

listed by Tim Somerville, Royal LePage Atlantic

realtor's description

Welcome to 259 Princess Street! Located in uptown Saint John, this 6-unit building has had some updates but is still in need of some updates. This brick investment building offers 5- 1 bedroom units and 1 - 2 bedroom unit. Heated mostly with natural gas, this property offers plenty of character, high ceilings and a common laundry room. This property is walking distance to everything uptown and has the ability to be a great investment property to add to your portfolio. Rents are: $1,200, $1,350, $1,400, $1,450, $1,450 and $1,500. Total rental income = $100,200. Approximate expenses are: taxes - $10,665, insurance - $5,468, water/sewer - $2,164, electricity - $787, and heat - $11,002. Approximate total expenses = $30,086. Approximate net income - $70,114.00

property details

type: House, Multi-family
living area: 4,000 sq ft
lot: 4,090 sq ft
parking: 0
property tax: $10,665 / yr
days on market: 156
MLS®: NB140012

features

Washer
Refrigerator
Dishwasher
Stove
Dryer

monthly cost

$3,721/mo

Mortgage $2,832 · Tax $889

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

estimated payment

$2,832/ monthly

loan $520,000

25-year amortization

down payment20% · $130,00020%+ 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: $329,596
cash to close: $130,000; down payment; transfer tax and fees not included
total paid: $849,596

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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