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$6,499,000
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Saint John Area Multi-Family

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61-63 Union Street Saint John, NB E2L 1A2

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MLS® NB108707
In a booming real estate market and a growing population in Saint John, this property presents a great opportunity to consolidate your investments in a big way, under one roof. This property offers two apartment towers, each 5 stories, 13 units at 61 Union and 12 units at 63 Union, for a total of 25 units (24x2 bed, 1 bachelor), plus 104 parking spaces, 55 of which are indoor. Across the street, tenants can wander through the maze of indoor pedways, from the Aquatic Center to Brunswick Square, Market Square, TD Sports Center, City Market, etc, so who cares about a hard winter, while you enjoy city shopping and restaurants!!. Both towers have been completely remodeled in the last 10 years, along with new siding and modified roofs. Enjoy the spacious two bedroom units and stunning harbour views and cruise ships from several units. All appliances are currently owned by the seller and included in the sale price. Annual rent roll is around $690,000 and continually growing; Property tax $107 083; Utilities (including electricity, heat, water & sewage) $71,558; Insurance $23,100; Repairs and Maintenance (including garbage, lawncare and snow removal) $20,625; Management $27,381; With a net income of approximately 440k. Proof of financing may be required prior to viewing the property. First viewing will be limited to a couple of typical units. (id:42016)
Listing Courtesy of CREA - C21 Brokers / Century 21 All Seasons Realty Nb / Milad Debly
$5,900,000
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Sylvan Lake Area Lot/Land

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Highway 20 Township Road 391 Sylvan Lake, AB T4S 1T2

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MLS® A2186720
SYLVAN LAKE DEVELOPMENT OPPORTUNITY! CALLING ALL INVESTORS AND DEVELOPERS! This Quarter-section (123 acre parcel) is situated in the heart of the Central Alberta Region on Highway 20. To the west is the Summer Village of Jarvis Bay, to the north is TWP Road 391, to the east is the Lakewood Golf Resort and to the south is open farm land which stretches 0.8 kilometers to the town of Sylvan Lake. This Property is located 25 minutes west of Red Deer, and 90 minutes from Calgary and Edmonton. The area structure plan in place consists of 80 single family homes, 260 duplexes, one social care and 2 commercial lots. The lots are Approximately 40% -lakeview, 15% - park side, 15% - Golf Course views and 3% -border pristine wetlands. The farmhouse is currently tenanted. There is a surface lease in place. The Zoning is for Residential Low Density District “R-3” and Direct Control District No.25 “DCD-25” and deemed that the subdivision as proposed complies with The Municipal Government Act, The Municipal Development Plan, The Sylvan Lake/Red Deer County Intermunicipal Plan, The Sanbar Local Area Structure Plan and The Land Use Bylaw. Red Deer County supports the amendment to increase densities in the area and recognizes that the Plan Area will eventually be annexed into the Town of Sylvan Lake. This increase in density will be completed by utilizing the Town of Sylvan Lake policies, developing as per the Towns Land Use Bylaw, and introducing a significant amount of higher density housing options in the form of townhouses and apartment buildings. Through the creation of the initial Concept Plan, there is potential for 950+ units through a mixture of fee simple lots (600 units) and condominium developments (360 units). As the project advances to the municipal circulation and approval stage, the Concept Plan and densities will be refined, with both Red Deer County as the approval body and the Town of Sylvan Lake as the adjacent municipality. Discussions with the Town of Sylvan Lake have also occurred, and they are supportive of the development, recognizing that it would be annexed into the Town, in the future. Servicing of the lands has been described in both the County's and Town’s infrastructure master plans. All services will be provided by the Town of Sylvan Lake through interim and ultimate options. Ongoing discussions will be had as part of the planning and future detailed design processes to advance the development of Sanbar Estate.Contact us today for more information!
Listing Courtesy of PILLAR 9 - IDX / Century 21 Bamber Realty Ltd. / Julie Vesuwalla