1 Princess Street,Saint John, NB E2L1J9
Saint John, NB E2L1J9
Description
Welcome to 1 Princess Streetan iconic heritage property established in 1879 and widely recognized as the historic Thomas Furlong Building. Ideally located in the heart of uptown, this exceptional mixed-use property offers both commercial and residential space, all within steps of the Harbour Passage and showcasing views of the Bay of Fundy. The primary residence is a beautifully appointed two-storey unit featuring a spacious, well-designed kitchen, one-and-a-half bathrooms, a whirlpool tub, and in-unit laundry. Thoughtfully finished throughout, this unit offers both comfort and character, making it a standout living space. Total rental income can be higher (dependant on how much the owner resides in any of the units). Approx. total income $107,907 Approx. expenses: Taxes $13,781, insurance $4,800, garbage $240, Other $360, electricity $7,920, water/sewer $420, and maintenance $2,400. Approx. total expenses $29,921. Approx. net income $77,986. In addition to the main unit, the property includes two fully furnished residential flats and a lower-level commercial space, creating a versatile and income-generating opportunity. Currently operating as a turnkey Airbnb, this property is perfectly positioned directly across from Area 506 and the ongoing Fundy Quay transformationplacing it at the center of one of the citys most exciting and rapidly evolving areas. Each unit highlights quality craftsmanship and timeless charm, while the common areas feature beautiful built-in cabinetry. With exceptional curb appeal and evident pride of ownership throughout, this landmark property has been meticulously maintained. An opportunity to own one of the citys most recognizable heritage properties, offering strong income potential and unmatched characterthis is an investment that truly stands apart. (Note: Ground Floor recently rented out for $2,800 annual lease) (id:13843)
Details
| MLS # | NB137590 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Year | 1879 |
| Days On Site | 190 |
| Listing Provided By | Royal LePage Atlantic | Tim Somerville |
Features
| SQ Feet | 3,520 |
|---|---|
| Acreage | 0.02 |
| Property View | Ocean view |
Interior
| Cooling | Heat Pump |
|---|---|
| Heating | Heat Pump, Baseboard heaters, Electric |
| Fireplace Yes / No | No |
Taxes
| Tax Annual Amount | 13781 |
|---|
Area Information
| Province | NB |
|---|---|
| City | Saint John |
| Postal Code | E2L1J9 |
| Listing VS Median (in E2L1J9) | |
Price: $1,100,000 low | high Med: $1,100,000 sqft: 3,520 low | high Med: 3,520 $ / sqft: $313 low | high Med: $313 On site: 190 low | high Med: 190 | |
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Learn More About This Property
| Province | NB |
|---|---|
| City | Saint John |
| Postal Code | E2L1J9 |
| Listing VS Median (in E2L1J9) | |
Price: $1,100,000 low | high Med: $1,100,000 sqft: 3,520 low | high Med: 3,520 $ / sqft: $313 low | high Med: $313 On site: 190 low | high Med: 190 | |
 | $1,100,0001 Princess StreetSaint John, NB E2L1J9 |
 | $1,100,0001 Princess StreetSaint John, NB E2L1J9 |
