191-197 Université Avenue, Moncton
This great investment property has been fully renovated and includes 2 buildings and a parking lot all on one lot zoned MU. 191 Université includes 6 units, two 1 bedroom, two 2 bedrooms and 2 main floor commercial units. 197 Université is a stand alone building currently optimized for a medical clinic but could easily be adaptable for a wide range of professional uses, including Law or Accounting Firms Specialized Medical Practitioners (Physiotherapy, Dental, etc.), Creative Agencies or Tech Startups. Situated on Université avenue, these buildings benefit from high visibility and foot traffic. The location is a magnet for both commercial tenants seeking professional exposure and residential tenants wanting proximity to the University, local hospitals, and the downtown core. The synergy of the neighborhood ensures a low vacancy rate and consistent demand across all unit types. As the Université corridor continues to develop, property values in this specific pocket are projected to see steady growth. The high-quality renovation ensures that the property will remain competitive in the rental market for decades to come, commanding top-tier rents in any economy. (id:1945)
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Property details for 191-197 Université Avenue, Moncton
- Type
- Multi-family
- Living Area
- 4,561 square feet
- Lot Size
- 1289
- Basement
- Partially finished, Full
- Heating
- Heat Pump, Baseboard heaters, Electric
- Cooling
- Heat Pump
- Exterior
- Other, Aluminum/Vinyl
- Ownership
- Freehold
- Annual Taxes
- $23,286
Nearby Listings Stat
Estimated price and comparable properties near 191-197 Université Avenue
Active Listings
296
Min Price
$76,500
Max Price
$6,500,000
Avg Price
$443,925
Days on Market
84
days
Sold Listings
65
Min Sold Price
$550
Max Sold Price
$1,750,000
Avg Sold Price
$385,248
Days until Sold
126
days
Neighbourhood Census Data
Moncton, New Brunswick / Nouveau-Brunswick
Population
515
Median Age
32.1
Median Income
$24,491
Dwelling Value
$179,442
Housing Tenure
Owners 48%
Renters 52%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2
Pop. Density: 444.9/km²
Avg Shelter Cost: $1,051/mo
Owners with Mortgage: 73.9%
Owners Spending 30%+: 25%
Tenants Spending 30%+: 40%
English only: 30.1%
French only: 8.7%
English and French: 61.2%
Median Household Income: $47,168
Median Employment Income: $18,976
Price History
Listed
April 10, 2026
by Royal LePage Atlantic
Current Price
$1,600,000
Type
Multi-family
For Sale
