39-41 NorwoodMoncton, NB E1C 6L8
Description
FULLY RENOVATED DUPLEX | STRONG CASH FLOW POTENTIAL | PRIME CENTRAL MONCTON LOCATION Exceptional opportunity for investors seeking stable rental income, long-term appreciation, and a turnkey asset in one of Moncton's most established neighbourhoods. Located at 39-41 Norwood Avenue, this fully rented up-and-down duplex combines immediate cash flow with the flexibility to owner-occupy while offsetting your mortgage, or continue operating as a high-demand rental property. Extensively renovated in recent years, the property features new natural gas furnaces and hot water tanks, new roof shingles, updated electrical panel, renovated kitchens and bathrooms, new flooring, new electric fire alarms, pressure-treated decks and steps, and a second driveway providing additional off-street parking. The fenced backyard further enhances tenant appeal for families and professionals alike. What makes this property especially attractive is its location. Situated just minutes from Downtown Moncton, Avenir Centre, Université de Moncton, George Dumont Hospital, major employers, restaurants, shopping, and public transit, the property benefits from a broad tenant pool and consistently strong rental demand. Moncton continues to be one of Atlantic Canada's fastest-growing cities, supported by sustained population growth, infrastructure investment, and a diversified economy, creating favourable conditions for long-term real estate appreciation. Whether you're expanding your portfolio, entering the multi-family market, or looking for a property that offers both immediate income and future upside, this duplex checks all the boxes. Strong location. Quality renovations. Stable income. Long-term growth potential. (id:31684)
Property Information
- Property type
- Residential Income
- Sub-type
- Multi Family
- Structure type
- Duplex
- Living area
- 1,600 Sq Ft
- Lot dimensions
- 465
- Ownership
- Freehold
- Listing #
- NB144199
Property Features
- Appliances
- Cooktop · Refrigerator
- Heating
- Natural Gas
- Flooring
- Hardwood · Vinyl
- Basement
- Full
- Construction
- Vinyl Siding
- Foundation
- Block
- Sewer
- Public Sewer
- Water source
- Public
Financial Details
- Annual taxes
- $4,623
- Parcel number
- 00722702
Directions
From Mountain Road or John St, turn on Norwood Avenue.
Listing Courtesy: eXp Realty
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Moncton Market Statistics
How this home compares to 1,095 active listings in Moncton, NB
| Moncton median | This listing | |
|---|---|---|
| Median listing price | $370,000 | $350,000 |
| Median days on market | 63 | — |
| Median Sq Ft | 1,916 | 1,600 |
| Median price / Sq Ft | $210 | $219 |
Market statistics compiled from active EXIT Realty® and MLS listings in Moncton, NB.
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| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 285-289 Dominion Street, Moncton, NB | $349,900 | — | — | 2,221 |
| 124 Highfield Street, Moncton, NB | $349,900 | — | — | 2,495 |
| 151 Church Street, Moncton, NB | $358,000 | — | — | 2,208 |
| 365 Robinson Street, Moncton, NB | $369,500 | — | — | 1,668 |
