1032 Cleveland Avenue, Riverview
Completed in January 2025, 1032 Cleveland Avenue is a newly constructed 35-unit multi-residential asset located in Riverviews fastest-growing commercial node. This modern apartment building offers strong curb appeal, high-quality construction, and contemporary unit layouts designed to attract a broad tenant profile and support long-term occupancy stability. The property features an excellent parking ratio with 23 underground stalls and 29 surface parking spaces, enhancing tenant convenience and overall asset competitiveness. Units are built to top-tier rental standards with efficient floor plans and bright, modern finishes. Tenants benefit from walkable access to major retailers, restaurants, services, schools, parks, and public transit, along with quick connectivity to Gunningsville Boulevard and Downtown Moncton, making this one of the areas most desirable rental nodes. An added value component includes 0.41 acres of surplus land with conceptual plans for approximately 4,000 square feet of future commercial development, offering long-term expansion potential. Optional opportunity to acquire a separate fully leased commercial building occupied by a national tenant. Turnkey, institutional-quality asset in one of Greater Monctons strongest rental markets with built-in growth drivers. Financials are available after a signed NDA. (id:1945)
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Property details for 1032 Cleveland Avenue, Riverview
- Type
- Multi-family
- Living Area
- 39,410 square feet
- Lot Size
- 1.11
- Basement
- None
- Heating
- Baseboard heaters
- Cooling
- Air Conditioned
- Ownership
- Freehold
- Annual Taxes
- $84,853
Nearby Listings Stat
Estimated price and comparable properties near 1032 Cleveland Avenue
Active Listings
91
Min Price
$32,000
Max Price
$9,800,000
Avg Price
$523,707
Days on Market
86
days
Sold Listings
24
Min Sold Price
$185,000
Max Sold Price
$2,960,000
Avg Sold Price
$603,308
Days until Sold
76
days
Price History
Listed
March 6, 2026
by Colliers International New Brunswick
Current Price
$9,800,000
Type
Multi-family
For Sale
