196 King Street East, Saint John

Living area: 4795 square feet
Added: 5 months ago
Updated: 1 week ago
Last Checked: 13 hours ago
Listed by: EXIT Realty Specialists
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Listing description
This Other at 196 King Street East Saint John, NB with the MLS Number nb114799 listed by Janice Purdy - EXIT Realty Specialists on the Saint John market 5 months ago at $779,000.

An exceptional opportunity awaits in the heart of Uptown Saint Johna charming 7-unit building nestled on one of the citys iconic heritage streets. This well-maintained property is ideally located within walking distance to Saint John's best restaurants, shops, galleries, and waterfront attractions. Whether you're a first-time investor or looking to expand your portfolio, this property offers a strong cap rate of over 67% and excellent long-term potential. The building features a solid mix of five 1-bedroom units and two 2-bedroom units, providing broad tenant appeal. Current rental rates are strong, with Unit #1 renting at $1,175, Unit #2 at $1,200, Unit #3 at $850, Unit #4 at $1,100, Unit #5 currently vacant and advertised for $1,150, Unit #6 at $1,200, and Unit #7 also at $1,200. It includes two separate access points: the front entrance on King Street leads to five of the units, while the rear access from Wentworth Street opens to two fully renovated units, offering privacy and modern finishes. The property also features its own driveway with off-street parking availablea rare find in Uptown. This is a unique opportunity to invest in one of the most desirable areas of the city, combining historic charm with solid rental income. (id:1945)

Property Details Key information about 196 King Street East

Heating:
- Natural gas
- Hot Water
Exterior Features: Aluminum/Vinyl

Exterior & Lot Features Learn about the exterior and lot specifics of 196 King Street East

Water Source: Municipal water
Lot Size Units: square feet
Lot Size Dimensions: 4160

Utilities & Systems Review utilities and system installations

Sewer: Municipal sewage system

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Nearby Listings Stat Estimated price and comparable properties near 196 King Street East

Active listings

148

Min Price

$29,900

Max Price

$1,890,000

Avg Price

$402,672

Days on Market

72 days

Sold listings

Min Sold Price

$39,900

Max Sold Price

$849,000

Avg Sold Price

$345,359

Days until Sold

63 days

Nearby Places Nearby schools and amenities around 196 King Street East

Saint John Jewish Historical Museum (0.1 km)
91 Leinster St, St John

Loyalist House (0.6 km)
120 Union St, St John

Tim Hortons (0.4 km)
31 Waterloo St, St John

Sense Of Tokyo (0.4 km)
13 Waterloo St, St John

Billy's Seafood Company (0.5 km)
51 Charlotte St, St John

Taste Of Egypt (0.5 km)
87 King St, St John

Urban Deli (0.5 km)
68 King St, St John

Taco Pica Restaurant (0.6 km)
96 Germain St, St John

Decimal 81 (0.6 km)
81 Princess St, St John

Cora - Saint-John (0.6 km)
39 King St, St John

McDonald's (0.6 km)
39 King St, St John

Imperial Theatre (0.4 km)
24 Kings Square S, St John

Saint John City Market (0.5 km)
47 Charlotte St, St John

Cathedral of the Immaculate Conception (0.5 km)
91 Waterloo St, St John

The Feel Good Store (0.6 km)
89 Germain St, St John

Pizza Hut (0.6 km)
39 King St, St John

Delta Brunswick (0.6 km)
39 King St, St John

Brunswick Square (0.7 km)
39 King St, St John

The Canterbury Lounge (0.7 km)
47 Canterbury St, St John

Price History

Listed

March 27, 2025

by EXIT Realty Specialists

For Sale

$779,000

196 King Street East, Saint John

Listing description This Other at 196 King Street East Saint John, NB with the MLS Number nb114799 listed by Janice Purdy - EXIT Realty Specialists on the Saint John market 5 months ago at $779,000.

Nearby Listings Stat Estimated price and comparable properties near 196 King Street East

Nearby Places Nearby schools and amenities around 196 King Street East

Price History

Similar Other For Sale

Listing description
This Other at 196 King Street East Saint John, NB with the MLS Number nb114799 listed by Janice Purdy - EXIT Realty Specialists on the Saint John market 5 months ago at $779,000.