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Home NB Greater Moncton Moncton
38-42 Salisbury Road
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38-42 Salisbury Road $6,890,000
$6,890,000
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38-42 Salisbury Road
Moncton, New Brunswick E1E1A4

MLS® Number: NB114690

Listing Description

INVESTORS ALERT, 31 units, 7 yrs old, with no common areas, no rented equipment, Petitcodiac River waterfront, sitting on 1.3 acres. The main complex has 30 units, with unique design and many unique architectural features, attractive floor plans and each unit having own entrance direct to the outside. Apartments are equipped, each with a stackable washer and dryer, stainless steel fridge, stove, dishwasher and microwave/fan. Kitchens are very modern with high end finishes and soft close cabinetry. Lower level units have one bedroom with in-floor heating in the bathrooms and enjoy an outdoor terrace. Upper level units have a balcony and consists of 2 bedrooms, 2 bathrooms (one as ensuite); outside the kitchen there is a large deck with glass railings overlooking the Petitcodiac River. The Parking lot accommodates over 35 parking spaces; a bus stop is across the street; all hot water tanks are owned and zero equipment rented on this property. Close to all amenities, shopping, Downtown Moncton and the Town of Riverview. A separate older house located on a separate PID 934323, a 6296 sqft land area, makes up the 31st unit and has just been renovated extensively; a newer single garage exists on same PID. A 3rd PID 934349 is a 9300 sqft vacant land, extends to river front and presents a potential opportunity. NOTE: For 1st time viewers, only two typical units and utilities areas will be shown as not to disrupt tenants, all units being similar. (28180129)

Location Description

From Moncton traffic circle take Salisbury Road Exit

Property Summary

Property Type
Multi-family
Land Size
1.3 ac
Annual Property Taxes
$100,626
Time on REALTOR.ca
20 days

Price and Sale History

Date Status Price
Jan 28, 2022 Sale Closed $5,050,000
Jun 1, 2020 Sale Closed $3,610,000

Building

Interior Features
Flooring
Carpeted, Ceramic, Laminate
Building Features
Fire Protection
Smoke Detectors
Rental Equipment
None
Total Units
31
Heating & Cooling
Heating Type
Baseboard heaters, (Electric)
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Cedar shingles

Measurements

Total Finished Area
31500 sqft
Data provided by: New Brunswick Real Estate Board Unit 1 - 1000 Sandy Point Road, Saint John, New Brunswick E2K 5H3

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