MNSKEY 647-325-5000

1 Princess Street

Saint John, NB, E2L1J9

Listed by Royal LePage Atlantic

$1,100,000

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  • 0 bedrooms
  • 3520 sq ft

Listed 184 days ago · MLS® NB137590

About this home

Welcome to 1 Princess Streetan iconic heritage property established in 1879 and widely recognized as the historic Thomas Furlong Building. Ideally located in the heart of uptown, this exceptional mixed-use property offers both commercial and residential space, all within steps of the Harbour Passage and showcasing views of the Bay of Fundy. The primary residence is a beautifully appointed two-storey unit featuring a spacious, well-designed kitchen, one-and-a-half bathrooms, a whirlpool tub, and in-unit laundry. Thoughtfully finished throughout, this unit offers both comfort and character, making it a standout living space. Total rental income can be higher (dependant on how much the owner resides in any of the units). Approx. total income $107,907 Approx. expenses: Taxes $13,781, insurance $4,800, garbage $240, Other $360, electricity $7,920, water/sewer $420, and maintenance $2,400. Approx. total expenses $29,921. Approx. net income $77,986. In addition to the main unit, the property includes two fully furnished residential flats and a lower-level commercial space, creating a versatile and income-generating opportunity. Currently operating as a turnkey Airbnb, this property is perfectly positioned directly across from Area 506 and the ongoing Fundy Quay transformationplacing it at the center of one of the citys most exciting and rapidly evolving areas. Each unit highlights quality craftsmanship and timeless charm, while the common areas feature beautiful built-in cabinetry. With exceptional curb appeal and evident pride of ownership throughout, this landmark property has been meticulously maintained. An opportunity to own one of the citys most recognizable heritage properties, offering strong income potential and unmatched characterthis is an investment that truly stands apart. (Note: Ground Floor recently rented out for $2,800 annual lease) (id:66966)

Details

Type
Other
Size
3520 sq ft
Property tax
$13,781
Municipality
Saint John

Interior

Fireplace
No

Heating, cooling and services

Heating
Heat Pump, Baseboard heaters, Electric
Air conditioning
Heat Pump

Building and exterior

Year built
1879
Outdoor
Brick, Stone

More

Business type
Residential

Location

Location is approximate. See nearby homes on the map

Listed by Royal LePage Atlantic.

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