55-57 Loch Lomond Road

Saint John · MLS® NB145399

2,600 sq ft · 7,502 sq ft lot · House · Multi-family · 80 days on market

listed by Tim Somerville, Royal LePage Atlantic

realtor's description

Welcome to 5557 Loch Lomond Road! This spacious 2-family offers electric baseboard heat, 2 large 3-bedroom units, is in a high traffic area, on the bus route and is close to many amenities. This property is ideal for owner occupancy and has had some recent updates including the roof covering (2022) and electric heat. Rents are: Up $1,200 (heat/lights included) Down $1,300 (unheated) Total rental income: $30,000 Approximate expenses are: Electricity $3,614 Taxes $2,960 Water/Sewer $2,892 Insurance $1,922 Approximate total expenses: $11,388 Approximate net income: $18,612 This solid 2-family is well worth a look!

property details

type: House, Multi-family
living area: 2,600 sq ft
lot: 7,502 sq ft
parking: 0
property tax: $2,960 / yr
days on market: 80
MLS®: NB145399

features

Level lot
Sloping
Washer
Refrigerator
Dishwasher
Stove

monthly cost

$1,369/mo

Mortgage $1,122 · Tax $247

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

estimated payment

$1,122/ monthly

loan $206,000

25-year amortization

down payment20% · $51,50020%+ 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: $130,571
cash to close: $51,500; down payment; transfer tax and fees not included
total paid: $336,571

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