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$829,000
 $4,450 est/mo Sourced by Back At You

240 Prince William Street,Saint John, NB E2L2C1

Saint John, NB E2L2C1

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Description

An exceptional opportunity to acquire a distinguished heritage mixed-use investment property in one of Uptown Saint Johns most sought-after locations. Positioned beside Saint John High School, directly across from the prestigious Harbourfront Residences, and steps from the iconic Three Sisters Lamp, this landmark property enjoys water views and seasonal views of the cruise ships while offering convenient access to the citys finest restaurants, boutiques, and waterfront amenities. Meticulously maintained and extensively improved, the property has benefited from approximately $450,000 in capital upgrades over the years, preserving its historic character while enhancing long-term performance and reliability. Significant improvements include roof patching and drainage upgrades, replacement two out of three furnaces in recent years, major electrical upgrades completed and replacement of the original Kitec/copper water lines with durable PEX plumbing in 2018. The building has also undergone a City inspection and is compliant with all current code requirementsan exceptional advantage for a heritage asset. This fully leased investment features two established long-term commercial tenants on the main floor and three fixed-term residential apartments on the upper levels, providing a balanced and diversified income stream. An attached parking lot generates additional revenue, while all tenants pay their own heat and electricity, contributing to efficient operating costs and a current 8.48% cap rate. Rarely does a property combine historic charm, exceptional maintenance, proven income stability, and an irreplaceable Uptown location. This is a true turnkey investment offering strong cash flow today with outstanding long-term appreciation potential.Apt#1 offers 2 bedrooms plus den. Apt# 2 is on the 3rd floor, 1 bedroom plus den, large living room with water view; Apt#3 is a 2-storey apartment from 2nd to 3rd floor with 2 bedrooms and den with water view. (id:374)

Details

MLS #NB144491
Listing TypeFor Sale
StatusActive
Days On Site35
Listing Provided ByRoyal LePage Select Realty | Tong Gao

Features

SQ Feet5,165
Units3
Acreage0.07
Property ViewRiver view

Taxes

Tax Annual Amount11397.76

Area Information

ProvinceNB
CitySaint John
Postal CodeE2L2C1
Listing VS Median (in E2L2C1)
Price:
$829,000
low | high
Med:
$829,000
50% of Average
sqft:
5,165
low | high
Med:
5,165
50% of Average
$ / sqft:
$161
low | high
Med:
$161
50% of Average
On site:
35
low | high
Med:
35
100% of Average
Sourced by Back At You

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 (604) 691-1655support@sutton.com
ProvinceNB
CitySaint John
Postal CodeE2L2C1
Listing VS Median (in E2L2C1)
Price:
$829,000
low | high
Med:
$829,000
50% of Average
sqft:
5,165
low | high
Med:
5,165
50% of Average
$ / sqft:
$161
low | high
Med:
$161
50% of Average
On site:
35
low | high
Med:
35
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $621K - $1.36M
sqft: 3,500 - 6,000
Nearby Listings Property ImageNearby Listings Details
240 Prince William Street Property Photo 1
$829,000
240 Prince William Street
Saint John, NB E2L2C1
Listing Updated: July 21, 2026 at 11:16:02 AM PDT