86-88 Somerset

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$449,900

86-88 Somerset

Moncton · MLS® NB137524

2,395 sq ft · 402 m² lot · House · Multi-family · 176 days on market

listed by Shawn LeBlanc, EXIT Realty Associates

realtor's description

Prime investment opportunity at 86-88 Somerset Drive in Moncton! Ideally located within walking distance to the Université de Moncton and Dr. Georges-L.-Dumont University Hospital Centre, this duplex attracts strong rental demand from students and healthcare professionals alike. The upper unit offers 4 bedrooms and generates $2,600/month (all-inclusive), operating as a profitable Airbnb in the summer and furnished rental in the winter. The lower unit is leased at $2,000/month (all-inclusive) on a one-year term, providing stable income. A versatile, cash-flowing property in a highly desirable locationperfect for investors or owner-occupants.

property details

type: House, Multi-family
living area: 2,395 sq ft
lot: 402 m²
parking: 0
property tax: $4,414 / yr
days on market: 176
MLS®: NB137524

monthly cost

$2,328/mo

Mortgage $1,960 · Tax $368

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

estimated payment

$1,960/ monthly

loan $359,920

25-year amortization

down payment20% · $89,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $228,131
cash to close: $89,980; down payment; transfer tax and fees not included
total paid: $588,051

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