Property Details

480 Westmorland Street, Fredericton, New Brunswick

480 Westmorland Street, Fredericton, New Brunswick (ID NB101567)
Listing Representatives

$549,900 - For Sale

ID#:NB101567

Opportunity Knocks! Located in the center of town, this convenience store has been serving the community for over thirty years. The Kwik–Way (better known as Dick’s Grocery) has a large clientele because of the pleasant management and good prices. That’s not all. Besides the grocery store, there are three additional apartment units (two 2-Bedroom units and a 1-Bedroom unit). Note: Financials will be supplied to serious offers. Don’t overlook this opportunity to have a business plus.
Rent , there are no leases all tenants are now on a month to month Apt.# 1 $1300.00 on monthly lease Apt.#2 $1100 00 Apt.#3 (21 years tenant) pays $800.00 but easily increases to 1000.00 by new owner. Every unit can be increased to generate a mush higher yearly Both 2 bedrooms could be rented at $1,500 and the one bedroom at $1000 Tenants are long time tenant, for 9 years for one of the 2 bedroom and 21 years for the 1 bedroom Increasing the rent to closer to todays market the total yearly rent would be $48,000.00

Property Details
  • Property Address:480 Westmorland Street, Fredericton, New Brunswick
  • Property Type:Commercial
  • Taxes:$8,303 (2024)
Structure Details for 480 Westmorland Street, Fredericton, New Brunswick
  • Floor Space:2400 SqFt
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480 Westmorland Street, Fredericton, New Brunswick

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