40 Ayres Street,Fredericton, NB E3B5K7
Fredericton, NB E3B5K7
Description
SIX-BEDROOM PROPERTY WITH INCOME POTENTIAL! An excellent opportunity for first time homebuyers, multi-generational living, or investors looking to maximize rental income and offset housing costs. Offering three bedrooms and one bathroom on each level, this versatile property provides exceptional flexibility. Live comfortably in one unit while generating rental income from the other, accommodate extended family, or explore the potential of having both levels rented. Each level features a separate entrance, separate electrical meter, and dedicated laundry facilities, offering added privacy, independence, and convenience. The upper level features an energy-efficient ductless heat pump and has benefited from numerous recent improvements, including fresh paint, a new refrigerator and dryer, updated light fixtures, replacement window screens and deck door, new kitchen flooring, and a serviced heat pump. The lower level has also seen significant updates, including renovated bathrooms, a new washer and dryer, a new microwave, fresh paint, updated flooring, and a replaced living room ceiling. Additional exterior improvements include refinished walkway steps and a spring house wash. A double-car paved driveway and spacious backyard complete the property, providing plenty of room for parking, outdoor enjoyment, and entertaining. Adding to its investment appeal, the upper unit is currently rented for $2,200 per month, with the existing lease scheduled to end November 30, 2026. Both units have previously been rented, offering an established rental history. Whether you're looking to reduce your monthly housing expenses, accommodate extended family, or add an income-generating property to your portfolio, this property offers versatility, multiple living arrangements, and the opportunity to build long-term equity. Property taxes are currently assessed at the non-owner-occupied rate. (id:13843)
Details
| MLS # | NB149690 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Status | Active |
| Year | 1975 |
| Days On Site | 25 |
| Listing Provided By | eXp Realty | Rani Saggere Sharma |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,457 |
| Acreage | 0.21 |
Interior
| Cooling | Heat Pump |
|---|---|
| Heating | Heat Pump, Baseboard heaters, Electric |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Balcony/Deck/Patio |
|---|---|
| Foundation Details | Concrete |
Utilities
| Sewer | Municipal sewage system |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 6751.09 |
|---|
Area Information
| Province | NB |
|---|---|
| City | Fredericton |
| Postal Code | E3B5K7 |
| Listing VS Median (in E3B5K7) | |
Price: $484,900 low | high Med: $484,900 sqft: 1,457 low | high Med: 1,457 $ / sqft: $333 low | high Med: $333 On site: 25 low | high Med: 25 | |
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Learn More About This Property
| Province | NB |
|---|---|
| City | Fredericton |
| Postal Code | E3B5K7 |
| Listing VS Median (in E3B5K7) | |
Price: $484,900 low | high Med: $484,900 sqft: 1,457 low | high Med: 1,457 $ / sqft: $333 low | high Med: $333 On site: 25 low | high Med: 25 | |