250 Mill RD, Moncton, New Brunswick, E1A4B1
RE/MAX Quality Real Estate Inc.
Cell: 506-378-0818
Tel: 506-384-3300
$275,000 - For sale
Welcome to an incredible investment opportunity near the University of Moncton! This R3 multi-unit lot offers a prime location and limitless potential for savvy investors and developers. With approval for a 16-unit building or the flexibility to construct an 8-unit walk-up style apartment building, this property presents an exciting chance to capitalize on the high demand for housing in this thriving area. Superb Location: Situated in close proximity to the University of Moncton, this lot enjoys the benefits of a bustling academic community and a steady stream of potential tenants. The convenience of nearby amenities, including shops, restaurants, and public transportation,| enhances the appeal for students, young professionals, and families alike. Land Approval: A 16 unit was conditionally approved for this lot however you also have the option, if you wish, to develop an 8-unit walk-up style apartment building instead, offering a more intimate living environment for residents. Moncton's rental market has experienced sustained growth in recent years, making it an ideal time to capitalize on the strong demand for housing in the area. Whether you choose to build 16 units or 8 units, this property promises attractive rental income potential and excellent occupancy rates. 16 unit and 8 unit plans will be available to qualified interested parties. Purchasers to verify zoning and are responsible for obtaining their own permits. SELLER IS A LICENSED REALTOR® in the province of NB (id:2471)
Location DescriptionFrom Elmwood turn onto Mill Road. Property will be on the right hand side.
- Property Address:250 Mill RD, Moncton, New Brunswick, E1A4B1
- Property Type:Vacant Land
- Title:Freehold
- Lot Size:2601 Square Meters acres
- Sewage Type:Municipal sewage system
- Water Type:Municipal water
- Access:Year-round access
- Amenities Nearby:Church, Public Transit, Shopping
REALTOR®
RE/MAX Quality Real Estate Inc.
Cell: 506-378-0818
Tel: 506-384-3300
MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association. This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association.
- Map 250 Mill RD, Moncton, New Brunswick, E1A4B1
- Neighbourhood Information
250 Mill RD, Moncton, New Brunswick, E1A4B1
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