242 Germain Street, Saint John

Living area: 2700 square feet
Type: Townhouse
Added: 1 month ago
Updated: 1 week ago
Last Checked: 1 day ago
Listed by: eXp Realty
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Listing description
This Townhouse at 242 Germain Street Saint John, NB with the MLS Number nb123330 listed by Gemal Horne-Morgan - eXp Realty on the Saint John market 1 month ago at $579,900.

Solid, well-maintained brick triplex on a sunny corner lot in Saint Johns vibrant uptown core. Located on prestigious Germain Street, just steps from Queen Square Market, restaurants, and shops, this turn-key investment combines strong income with low maintenance. All three units are self-contained with private laundry. Tenants pay their own heat and lights. The building includes a separate water meter and one rare off-street parking space. The master unit features a heat pump and a modern kitchen with stainless appliances and a dishwasher. Large corner windows bring in excellent natural light. The top and bottom units will be delivered vacant. The top unit was previously rented at $1,400/month plus utilities. The middle unit is currently rented at $1,400/month plus utilities. The bottom unit was previously rented at $1,850/month plus utilities. 2024 actual expenses total $13,292.18 (insurance $1,621; water/sewer $1,727.76; electricity $2,318; property tax $7,624.59). Total income at market rents is $55,800 annually, with a net operating income of $42,507representing a cap rate of approximately 7.33%. A prime location and a strong investmentideal for both owner-occupiers and long-term buy-and-hold investors. Vendor is a licensed REALTOR® in the province of New Brunswick. (id:1945)

Property Details Key information about 242 Germain Street

Cooling: Heat Pump
Heating:
- Heat Pump
- Baseboard heaters
- Electric
Structure Type: Triplex
Exterior Features: Brick

Interior Features Discover the interior design and amenities

Appliances:
- Washer
- Refrigerator
- Dishwasher
- Stove
- Dryer
- Microwave

Exterior & Lot Features Learn about the exterior and lot specifics of 242 Germain Street

Water Source: Municipal water
Lot Size Units: square feet
Lot Size Dimensions: 1097.92

Utilities & Systems Review utilities and system installations

Sewer: Municipal sewage system

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members of The Canadian Real Estate Association

Nearby Listings Stat Estimated price and comparable properties near 242 Germain Street

Active listings

166

Min Price

$29,900

Max Price

$1,490,000

Avg Price

$384,567

Days on Market

93 days

Sold listings

Min Sold Price

$39,900

Max Sold Price

$849,000

Avg Sold Price

$345,593

Days until Sold

58 days

Nearby Places Nearby schools and amenities around 242 Germain Street

Saint John High School (0.2 km)
200 Prince William St #170, St John

Steamers Lobster Co (0.3 km)
110 Water St, St John

Alley Gria Restaurant Tapas Bar & Lounge (0.4 km)
123 Prince William St, St John

Big Tide Brewing (0.4 km)
47 Princess, St John

Decimal 81 (0.4 km)
81 Princess St, St John

Britts Pub (0.4 km)
42 Princess, St John

Mexicali Rosa's (0.4 km)
43 Princess St, St John

Thandi Restaurant (0.4 km)
33 Canterbury St, St John

Jungle Jim's Bar & Eatery (0.4 km)
87 Prince William St, St John

Magnolia Cafe (0.4 km)
112ca-114 Prince William, St John

Java Moose (0.4 km)
84 Prince William St, St John

Bourbon Quarter Restaurant & Bar (0.4 km)
112 Prince William Street, St John

The Canterbury Lounge (0.4 km)
47 Canterbury St, St John

The Feel Good Store (0.5 km)
89 Germain St, St John

Imperial Theatre (0.5 km)
24 Kings Square S, St John

Price History

Listed

July 24, 2025

by eXp Realty

Townhouse For Sale

$579,900

242 Germain Street, Saint John

Listing description This Townhouse at 242 Germain Street Saint John, NB with the MLS Number nb123330 listed by Gemal Horne-Morgan - eXp Realty on the Saint John market 1 month ago at $579,900.

Nearby Listings Stat Estimated price and comparable properties near 242 Germain Street

Nearby Places Nearby schools and amenities around 242 Germain Street

Price History

Similar Townhomes For Sale

Listing description
This Townhouse at 242 Germain Street Saint John, NB with the MLS Number nb123330 listed by Gemal Horne-Morgan - eXp Realty on the Saint John market 1 month ago at $579,900.