Lot Charles Lutes Road

Moncton · MLS® NB133097

9 sq ft lot · Land · Vacant Land · 263 days on market

listed by Mike Hosford, Colliers International New Brunswick

realtor's description

An excellent multi-family development opportunity is available along Charles Lutes Road in Monctons growing north end. This ±9.3-acre vacant parcel is ideally located within an established residential neighbourhood and benefits from strong demand driven by nearby schools, community amenities, and convenient access to major transportation routes. The property is currently zoned R2 and offers strong potential for rezoning to R3 to support higher-density multi-unit residential development. Preliminary servicing and layout concepts indicate the sites suitability for multi-family development, subject to municipal approvals. Located between Ryan Street and Rural Estates Drive, the property is adjacent to Northrup Frye School and is in close proximity to additional schools, daycare facilities, parks, and everyday services. Access is provided via Charles Lutes Road, with efficient connectivity to Ryan Street, Mountain Road, Route 15, and the Trans-Canada Highway, allowing easy access throughout Greater Moncton.

property details

type: Land, Vacant Land
lot: 9 sq ft
parking: 0
property tax: $2,346 / yr
days on market: 263
MLS®: NB133097

monthly cost

$2,326/mo

Mortgage $2,131 · Tax $196

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

estimated payment

$2,131/ monthly

loan $391,200

25-year amortization

down payment20% · $97,80020%+ 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: $247,958
cash to close: $97,800; down payment; transfer tax and fees not included
total paid: $639,158

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