40 Ayres Street, Fredericton
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:1945)
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Property details for 40 Ayres Street, Fredericton
- Type
- Residential
- Style
- Split entry bungalow, 2 Level
- Bedrooms
- 6
- Bathrooms
- 2
- Living Area
- 1,457 square feet
- Lot Size
- 837
- Heating
- Heat Pump, Baseboard heaters, Electric
- Cooling
- Heat Pump
- Exterior
- Vinyl
- Ownership
- Freehold
- Annual Taxes
- $6,751
Nearby Listings Stat
Estimated price and comparable properties near 40 Ayres Street
Active Listings
1
Min Price
$489,900
Max Price
$489,900
Avg Price
$489,900
Days on Market
0
days
Sold Listings
0
Min Sold Price
$N/A
Max Sold Price
$N/A
Avg Sold Price
$N/A
Days until Sold
N/A
days
Neighbourhood Census Data
Fredericton, New Brunswick / Nouveau-Brunswick
Population
496
Median Age
42.4
Median Income
$42,752
Dwelling Value
$200,248
Housing Tenure
Owners 87%
Renters 16%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.5
Pop. Density: 1,657.8/km²
Avg Shelter Cost: $987/mo
Owners with Mortgage: 50%
Owners Spending 30%+: 0%
Tenants Spending 30%+: 0%
English only: 72.2%
English and French: 26.8%
Median Household Income: $82,304
Median Employment Income: $39,552
Price History
Listed
October 15, 2026
by eXp Realty
Current Price
$489,900
Type
Residential
For Sale
