188 Mountain Rd, Moncton, NB, E1C 2L4 - investment for sale | Listing ID M159317

188 Mountain RD, Moncton, New Brunswick, E1C 2L4

MLS® # M159317

Investment For Sale In Moncton, New Brunswick

$1,600,000

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188 Mountain RD, Moncton, New Brunswick, E1C 2L4

$1,600,000

Property Information:

Don't miss this fantastic opportunity... Prices 200k+ under value means you are buying into instant equity. The upper commercial space could easily be converted to 2 more single bedroom units as there are already 2 bathrooms there. The Iconic Pizza Delight restaurant has been in place for over 30 years and have just signed a new lease for 10 more minimum. With 5 other residential apartments in the building and the extra large lot for severing and re sale of future development make this thing an ideal investment to the future. Seller is also offering a very attractive VTB option at amazing terms to really entice the educated investors.. Lots of renovations and upgrades over the last year including a new Membrane roof with proper sloping and drainage. Add into the mix a great Commercial lease terms (30% of most expenses) and you're looking at the deal of the decade in this area! The seller has also converted the basement (used to house spin it records to a paid storage area for the tenants as well as a paid laundry area for the building. DON'T HESITATE! Reach out to your favorite REALTOR® today. (id:27)

Building Features:

Style: Multiplex
Exterior Finish: Aluminum siding
Floor Space: 7392 Square Feet
Foundation Type: Concrete
Total Finished Area: 8542 sqft
Heating Type: Baseboard heaters, Forced air
Heating Fuel: Electric, Natural gas, Propane

Property Features:

OwnershipType: Freehold
Property Type: Multi-family
Access Type: Year-round access
Floor Space (approx): 7392.00 Square Feet
Irregular: Yes
Lot Size: 1886 sqm
Sewer: Municipal sewage system

Courtesy of: Keller Williams Capital Realty

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Market Price Trends

Location of 188 Mountain RD, Moncton, New Brunswick, E1C 2L4

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: High

31 hot days expected in 2050

Projected Storm Risk: Very High

14 storms expected in 2050

Projected Heat Risk: High

31 hot days expected in 2050

41/100

High

ClimateCheck®

Current data

This property, 188 Mountain RD , experiences 7 hot days per year at around 29.3 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 31 hot days at 32.5 degrees Celsius.

Projected Avg. Temperature

Past

29.3℃

2050

32.5℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Storm Risk:

14 storms expected in 2050

74/100

ClimateCheck®

Current data

This property, 188 Mountain RD , experiences 11 significant 2-day storms per year, with about 381.8mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 494.2mm of precipitation per year.

Precipitation Per Storm

Past

381.8mm

2050

494.2mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 188 Mountain RD, Moncton, New Brunswick, E1C 2L4

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$88,388.17

Average Number of Children

1.61

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.77 %

High school certificate or equivalent

27.54 %

Apprenticeship trade certificate/diploma

3.6 %

College/non-university certificate

21.84 %

University certificate (below bachelor)

1.3 %

University Degree

30.95 %

Commuter

Travel To Work

By Car

64.18 %

By Public Transit

4.73 %

By Walking

25.91 %

By Bicycle

1.19 %

By Other Methods

3.99 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

56.56 %

Houses

43.44 %

Own Vs. Rent

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Property Information:

Building Features:

Property Features:

Market Price Trends

Location of 188 Mountain RD, Moncton, New Brunswick, E1C 2L4

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 188 Mountain RD, Moncton, New Brunswick, E1C 2L4

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

188 Mountain RD, Moncton, New Brunswick, E1C 2L4

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Please contact your agent directly about this listing

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