500 Vanier Street Campbellton, New Brunswick E8C 1V7

$259,000

For more information, please click Multimedia button. Exceptional Value-Add Multi-Unit Opportunity Well-positioned income and development property offering significant upside. The building is approximately 10,600 sq. ft. and comes with completed building plans and permits in place for expansion to 15 total units, with an approved zoning variance allowing up to 21 units. The property currently generates approximately $30,000 annually in rental income, with substantial potential for increased returns through redevelopment and unit expansion. The project is ideally situated to take advantage of Campbelltons Housing Accelerator Fund, with up to $280,000 in available grant funding, subject to program approval. To further strengthen the investment opportunity, the current owner is willing to guarantee rental income of $45,000 for the first year, providing added income stability during the initial ownership period. Additional features include: Permit-ready expansion Strong development and density potential Eligibility for municipal funding incentives Vendor financing available, additional fees may apply (id:61088)

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https://www.realtor.ca/real-estate/28658299/500-vanier-street-campbellton