Other$1,850,000
75 Consumers Drive
Saint John, New Brunswick
5,323 square feet
Listed by ONE. Commercial Real Estate Advisors
$1,795,000
Roughly $8,352 a month with 20% down at 5% over 25 years, before property tax, insurance and heat. Add up the monthly cost ›
Saint John, New Brunswick
15,200 square feet
Want to see it?
I can arrange a showing and tell you honestly whether the asking price holds up.
Call (506) 650-1242Ask about this homeListed by Andrew Baskin, Royal LePage Select Realty
Are you looking for an investment that is passive with a highly lucrative upside? Appraised with 114 units, versus the 94 self storage units built, this investment has an upside valued near $3,000,000 at an 8% cap rate. The caveat is lease up. NEST self storage has been built for approximately 15 months and is currently leased at 54% as of the listing. With 90%+ occupancy this can yield a NOI value of $1,200,000 more than the asking price. This is an opportunity to get into the self storage business, without the work of finding a great parcel of land & without rezoning, building or dealing with tariffs. This listing has 6.32 acres which also poses an ability to expand the existing 94 storage space business, or rezone some of the surplus land into other commercial, or multi family. The surplus land has a value estimated at $300,000 on the open market. On a busy street, on the west side near a new development proposing 1000+ units within a 5km radius & the ports expansion & close proximity to the expanding industrial park, this is an opportunity to lease up the remaining units & earn a tidy return in the process. The current mortgage is assumable to the right buyer where a low down payment could make you the owner & then flip it to a bank at 65-75% of its full realized value to offer an INFINITE return. No kitchens to fix, no rent caps, no major expenses on unit turns, this is a low capital operation once you purchase. The opportunity is large & it can be yours now! (id:66617)
The details
Roughly $8,352/month principal and interest, assuming 20% down at 5% over 25 years — an illustration, not a quote. Run your own numbers.
Where it sits
Island View, Saint John
Every home for sale in Island ViewRead the West Saint John guideNeighbourhood boundaries: City of Saint John open data, Open Government Licence.
Regional Hospital 7.0 km UNB Saint John 7.5 km Airport 20 km
Straight-line distances from the coordinates the feed supplies.
Around this home
Catchments are set by the district. Confirm a home's school with Anglophone South (asdsbp.nbed.nb.ca/Eligibility) or District scolaire francophone Sud (dsfsbp.nbed.nb.ca/Eligibility).
Straight-line distances. Service days are from Saint John Transit's published schedule; holiday hours differ.
The province's recorded transfers, not MLS sales; a parcel counts once, at its latest transfer, and the figures are for the area, not this home.
On the map
The pin sits at the coordinates the feed supplies. Neighbourhood boundaries are the City of Saint John’s open data, drawn where the home falls inside one.
19 photos · tap any to view full size
Ask about this home
Whether the price holds up, what the neighbourhood is like, when you could see it. I’ll answer honestly, and if it’s not the right home I’ll say so.
Listed by Andrew Baskin, Royal LePage Select Realty
Andrew’s Assistant
AI concierge · Greater Saint John
AI-generated answers may be inaccurate and are general information only, not real estate, legal, or financial advice. For anything specific, call Andrew at (506) 650-1242.
Keep looking
Other$1,850,000
75 Consumers Drive
Saint John, New Brunswick
5,323 square feet
Listed by ONE. Commercial Real Estate Advisors
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Saint John, New Brunswick
8,200 square feet
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Business$1,399,000
1131 Manawagonish Road
Saint John, New Brunswick
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