Explore Mountain Road Estate, a lucrative 2.45-acre property package with 340 ft frontage on Moncton's central Mountain Rd. Zoned R3 with potential for 100-200 condos, it promises high ROI for developers. Two existing houses generate a stable $4,500/month rental income. The package includes an inviting 3-bedroom bungalow, a versatile 3-bedroom house with a 2-bedroom basement apartment, and expansive vacant land, and a small pond, providing unimaginable expansion possibilities. With the unprecedented growth in Greater Moncton, the area has experienced a significant population influx, making it a prime investment location. Positioned on Moncton's central road, Mountain Rd, with access to major facilities and attractions. This investment boasts immediate income, development potential, and natural charm. Seize this rare opportunity for a distinctive and rewarding real estate venture! Seller is open to collaborations. Buyer must do their all due-diligence and verify all information. (id:47423)
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Detailed Information
Total Area
2,500 ft2
Equipment
Water Heater
Location Description
Right on Mountain Rd
Municipal ID
01030196, 00950832, 00950824, 00855528
Ownership Type
Freehold
Property Type
Single Family
Rental Equipment
Water Heater
Transaction Type
For sale
Building
Basement Type
None
Cooling Type
Air Conditioned
Heating Fuel
Electric
Heating Type
Baseboard heaters, Forced air
Total Finished Area
3500 sqft
Type
House
Utility Water
Community Water System
Parking Spaces
Name
Spaces
Garage
Land
Total Size
2.45 Acres | 1 - 3 acres
Access Type
Year-round access
Acreage
Yes
Size of Irregular Land
2.45 Acres
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