40 Ayres StreetFredericton, NB E3B 5K7
Description
Looking for a home that can help offset your housing costs? This versatile six-bedroom property is an excellent opportunity for homeowners and investors alike. Live on one level while generating rental income from the other, or explore its potential as an investment property. The home features three bedrooms and one bathroom on each level, with separate entrances, separate meters, and dedicated laundry facilities for added privacy and convenience. The upper level also features an energy-efficient ductless split heat pump. Recent updates to the upper level include fresh paint, a new dryer and refrigerator, updated light fixtures, replacement of window screens and deck door, new kitchen flooring, and a serviced heat pump. Lower-level improvements include renovated bathrooms, a new washer and dryer, a new microwave, fresh paint, updated flooring, and a replaced living room ceiling. Exterior improvements include refinished walkway steps and a spring house wash. Enjoy a double-car paved driveway and a spacious backyard, ideal for outdoor relaxation and entertaining. Both units were previously rented, and the upstairs unit currently generates $2,200/month, with the lease ending July 31, 2027. Whether you're looking to expand your investment portfolio or reduce your monthly housing costs while building long-term equity, this property offers flexibility and income potential. Property taxes reflect the non-owner-occupied rate. (id:31684)
Property Information
- Property type
- Residential
- Sub-type
- Single Family Residence
- Structure type
- House
- Year built
- 1975
- Living area
- 1,457 Sq Ft
- Lot dimensions
- 837
- Ownership
- Freehold
- Listing #
- NB149690
Property Features
- Exterior
- Balcony
- Cooling
- Heat Pump
- Heating
- Baseboard · Heat Pump · Electric
- Flooring
- Ceramic Tile · Tile · Hardwood
- Construction
- Vinyl Siding
- Sewer
- Public Sewer
- Water source
- Public
Rooms
Main level
- 3pc Bathroom7'5'' x 9'6''
- Primary Bedroom13'0'' x 11'0''
- Kitchen/Dining room14'11'' x 12'0''
- Bedroom9'8'' x 8'9''
- Bedroom10'6'' x 9'5''
- Living Room16'2'' x 11'10''
Basement
- 3pc Bathroom8'7'' x 5'7''
- Bedroom10'3'' x 8'4''
- Bedroom8'11'' x 12'1''
- Kitchen12'0'' x 13'8''
- Living Room13'11'' x 10'5''
Financial Details
- Annual taxes
- $6,751
- Parcel number
- 01471846
Directions
Lincoln Road to Wilsey to McNair then left on Ayres #40
Listing Courtesy: eXp Realty
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