107 Canada Street, Fredericton

107 Canada Street, Fredericton

Description

If you have ever thought about the concept of owning an income property, triplex buildings are a fantastic starting point, as they offer three income streams from one building. Typically, triplexes offer lower operational costs when compared to duplex investments. They also offer more flexibility. The potential for a steady annual rental income is strong, as this building has a solid, uninterrupted rental history with long term tenants - a strong indicator of the makings of a reliable investment. Featuring two 2 bedroom units and one 1 bedroom unit, renovations have occurred consistently here over the last 7 years. Principal among them was a new roof in 2019. Each unit is separately metered for convenience and ease of management. Tenants take pride in their environments and look after each other well. With public transport directly out the front, offering timely access to downtown, plus the ability to walk to the historic town of Marysville, this property has both city and country offerings right at your doorstep. Three cars spaces offer ease of parking. A summary of income and expenses for 2026 is on file. Triplexes are a rarity in this city and offer a great choice for those wishing to diversity their investment portfolio or those thinking of starting one. Yours could well start here!