Primary photo of 142 5 Eme Rue, Shippagan
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House For Sale

$199,900

MLS® Number: NB114234

Bedrooms

5

Bathrooms

2

Floor Area

1,200

Land Size

612

Year Built

1950

142 5 Eme Rue, Shippagan, New Brunswick

About This Property

Located within walking distance of the Université de Moncton in Shippagan, this fully turnkey income property offers a rare opportunity to invest in a stable and high-performing asset. Featuring five bedrooms and one and a half bathrooms, the home is currently rented by the room and fully occupied under a renewable annual agreement with the university for student housing. This setup ensures consistent occupancy and predictable income, significantly reducing the challenges typically associated with rental management. Sold fully furnished, this property allows for a seamless and immediate transition for the next owner. Its prime location, combined with strong and growing student demand, makes it a smart investment with excellent long-term return potential. Turnkey opportunities like this are increasingly hard to find.

Property Details

Interior Details

Bathrooms Partial

1

Bathrooms Total

2

Bedrooms Total

5

Heating

Baseboard heaters, Electric

Living Area

1200 sqft

Building & Exterior

Exterior Features

Vinyl

Stories

1.5

Year Built

1950

Land & Location

Lot Features

Cul-de-sac

Lot Size Area

612.0 square meters

Lot Size Dimensions

612

Parcel Number

20371324

Postal Code

E8S1B2

Listing & Financials

Listing Office

Royal LePage Parkwood Realty

Originating System Name

New Brunswick REALTORS®

Other Specifications

Common Interest

Freehold

Country

Canada

Mortgage Calculator

20% ($39,980)
5.5%
25 Years

Estimated Monthly Payment

$982

Principal and interest only. Actual rates may vary.

Location & Map

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