Description
Investor opportunity in the heart of Richibucto with a VTB available. This versatile mixed-use triplex offers stable income, strong visibility, and clear future upside in a high-exposure Main Street location. The property currently includes two commercial units and one residential one-bedroom apartment, with long-term tenants already in place. The commercial spaces are occupied by a sign shop and a day Care/Coffee Shop, both operating primarily Monday to Friday, creating a low-impact tenant profile and a property that is straightforward to manage. Each unit is separately metered, helping keep operating responsibilities clean and efficient. Recent improvements include a new roof in 2024, adding confidence for investors looking for a lower-maintenance acquisition. The property also offers ample parking, water views, and is located just steps from the public marina, local businesses, services, and community amenities. What makes this property especially attractive is the future potential. The existing structure offers possible room to reconfigure and create an additional unit within the current layout, subject to approvals. There may also be opportunity to expand the structure over time, giving the next owner multiple paths to increase income, improve value, and force appreciation. Whether the goal is steady cash flow, a mixed-use portfolio addition, or a long-term value-add play, this property offers the right fundamentals: location, tenants, visibility, flexibility, and upside. A practical income property with stable tenancy today and clear growth potential for tomorrow. (id:13843)
Details
| MLS # | NB143256 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 113 |
| Listing Provided By | eXp Realty | Art Dadson |
Features
| SQ Feet | 2,400 |
|---|---|
| Basement | Y |
| Units | 3 |
| Acreage | 0.08 |
| Water Front | Yes |
Interior
| Heating | Baseboard heaters, Electric |
|---|---|
| Appliances | Refrigerator, Stove |
| Fireplace Yes / No | No |
Exterior
| Foundation Details | Block, Concrete |
|---|
Utilities
| Sewer | Municipal sewage system |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 6323 |
|---|
Area Information
| Province | NB |
|---|---|
| City | Richibucto |
| Postal Code | E4W4E2 |
| Listing VS Median (in E4W4E2) | |
Price: $249,900 low | high Med: $254,450 sqft: 2,400 low | high Med: 2,135 $ / sqft: $104 low | high Med: $121 On site: 113 low | high Med: 90.5 | |
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Learn More About This Property
| Province | NB |
|---|---|
| City | Richibucto |
| Postal Code | E4W4E2 |
| Listing VS Median (in E4W4E2) | |
Price: $249,900 low | high Med: $254,450 sqft: 2,400 low | high Med: 2,135 $ / sqft: $104 low | high Med: $121 On site: 113 low | high Med: 90.5 | |
