Read here:Bylaw change would make it easier to build row housing in Sackville » CHMA
and read more here: Tantramar council hears about big housing development near Salem Elementary |
MLS listing at this link:
For sale: Lot 26-01 Sheppard Lane, Sackville, New Brunswick E4L2B3 - NB135662 | REALTOR.ca
MLI SELECT ELIGIBLE | STRONG CASH FLOW | IMMEDIATE EQUITY | PROPERTY TAX SAVINGS This townhouse development offers a rare opportunity to acquire high-performing rental assets within a proven six-unit building layout. Each building features 2 spacious 3-bedroom units and 4 comfortable 1 bedroom units (end units with private side entrances), creating an ideal mix for affordability and strong rental demand. Situated in the core of Sackville, New Brunswick, this project benefits from a very low vacancy rate driven by the university and strong rental demand. Priced at an average of $235,000 per unit, these properties are designed with investors in mind. With $140,000 in built-in equity and excellent rental income potential, these units generate strong, positive cash flow from day one. The project qualifies for CMHCs MLI Select program (5+ units), offering up to 95% financing and extended amortization periods of 50 years. Each building is designed for strong energy efficiency and includes integrated affordable units to maximize program eligibility. Should qualify for the PBRH rebate (15%). Investors also benefit from a municipal property tax incentive over the first 10 years, starting with approximately 90% savings in year one (only ~10% of taxes payable), then increasing annually, improving early cash flow. Each building is turnkey with modern finishes, appliances, landscaping, paving, and is built for future individual subdivision. Multiple buildings available. (29648370)
From the Trans-Canada Highway, take the exit into Sackville and proceed onto Main Street. Continue along Main Street through the town centre, then turn right onto Queens Street. Follow Queens Street until you reach Sheppard Street (new street), then turn onto Sheppard Street. The property is located on this street.
Property Type
Multi-family
Annual Property Taxes
$1,392.83
Time on REALTOR.ca
72 days
