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421 Douglas Ave Saint John, New Brunswick E2K 1E9

3000 sqft
Hot Water Waterfront


Income producing 6-unit building on historic Douglas Ave with riverfront and many waterviews! Possible 7th unit on the street level that was originally a store, city approval, permits responsibility of purchaser. Property is located across from the Harbour Passage, overlooking Reversing Falls. Convenient location on main bus routes, easily accessible to major amenities. Units are all 1-bedroom layouts, 5 out of 6 units updated within last two years. No vacancy as of July 1. Rents as follows: $900, 850,1050, 925, 648.75, 895. Monthly net profit of $2347. Recent upgrades include new high efficiency gas boiler (Sept 2022), New 200 amp main breaker panel and 100 amp individual subpanels in each apartment, an additional 100 amp panel was added for the hot water tanks (2022). Plumbing upgrades to 5 bathrooms, some basement plumbing updated to PEX. Roof was patched by previous owner before 2019 and no issues. Included in the purchase is a Mircom analog fire system complete with a fire panel, annunciator and all accessories, ready to install by purchaser if they choose to. New keyed apartment mail boxes which includes a lockbox for Canada Post building access installed (2022). New front entrance door with custom address plaque and hardware (2022). (id:42550)

Property Details

MLS® Number M153513
Property Type Multi-family
Amenities Near By Public Transit, Shopping
Communication Type High Speed Internet
Equipment Type Water Heater
Rental Equipment Type Water Heater
Structure Patio(s)
View Type View Of Water
Water Front Type Waterfront


Amenities Street Lighting
Basement Type None
Exterior Finish Vinyl Siding, Wood Siding
Flooring Type Carpeted, Laminate
Foundation Type Concrete
Heating Fuel Natural Gas
Heating Type Hot Water
Size Interior 3000 Sqft
Total Finished Area 3000 Sqft


Access Type Year-round Access
Acreage No
Land Amenities Public Transit, Shopping
Sewer Municipal Sewage System
Size Irregular 10398 Imperial
Size Total Text 10398 Imperial|under 1/2 Acre


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