1260 Fairville Boulevard, Saint John
Are you looking for an investment that is passive with a highly lucrative upside? Appraised with 114 units, versus the 94 self storage units built, this investment has an upside valued near $3,000,000 at an 8% cap rate. The caveat is lease up. NEST self storage has been built for approximately 15 months and is currently leased at 54% as of the listing. With 90%+ occupancy this can yield a NOI value of $1,200,000 more than the asking price. This is an opportunity to get into the self storage business, without the work of finding a great parcel of land & without rezoning, building or dealing with tariffs. This listing has 6.32 acres which also poses an ability to expand the existing 94 storage space business, or rezone some of the surplus land into other commercial, or multi family. The surplus land has a value estimated at $300,000 on the open market. On a busy street, on the west side near a new development proposing 1000+ units within a 5km radius & the ports expansion & close proximity to the expanding industrial park, this is an opportunity to lease up the remaining units & earn a tidy return in the process. The current mortgage is assumable to the right buyer where a low down payment could make you the owner & then flip it to a bank at 65-75% of its full realized value to offer an INFINITE return. No kitchens to fix, no rent caps, no major expenses on unit turns, this is a low capital operation once you purchase. The opportunity is large & it can be yours now! (id:1945)
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Property details for 1260 Fairville Boulevard, Saint John
- Type
- Commercial
- Living Area
- 15,200 square feet
- Lot Size
- 6.32
- Cooling
- None
- Exterior
- Steel
- Ownership
- Freehold
- Annual Taxes
- $65,717
Nearby Listings Stat
Estimated price and comparable properties near 1260 Fairville Boulevard
Active Listings
25
Min Price
$60,000
Max Price
$1,795,000
Avg Price
$398,336
Days on Market
156
days
Sold Listings
8
Min Sold Price
$274,900
Max Sold Price
$499,000
Avg Sold Price
$356,438
Days until Sold
37
days
Neighbourhood Census Data
Saint John, New Brunswick / Nouveau-Brunswick
Population
505
Median Age
53.5
Median Income
$42,304
Dwelling Value
$174,504
Housing Tenure
Owners 89%
Renters 11%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.1
Pop. Density: 96.8/km²
Avg Shelter Cost: $1,081/mo
Owners with Mortgage: 57.1%
Owners Spending 30%+: 14.3%
Tenants Spending 30%+: 0%
English only: 83.2%
English and French: 15.8%
Median Household Income: $75,093
Median Employment Income: $38,144
Price History
Listed
September 16, 2026
by Royal LePage Select Realty
Current Price
$1,795,000
Type
Commercial
For Sale
