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$1,395,000.00 +HST

36-40 Court Street

Edmundston, NB, E3V 1S3

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NB091800

Step into the thriving heart of Edmundston with this exceptional commercial property offering endless possibilities for savvy investors. With over 20,300 square feet of finished floor area, this 2-story building boasts a distinctive aluminum siding exterior and a striking brick front that exudes curb appeal. Featuring 6 commercial rental sections and 2 residential apartments, this property is a cash flow dynamo. The solid lease agreements for 3 of the commercial spaces ensure a steady income stream. The land area of 20,925 square feet provides a few parking spaces. The unfinished basement, suitable for storage rentals, presents an additional revenue opportunity. While this property offers immense potential, please be aware that the tar and gravel roof will require replacement. Additionally, there is some water infiltration in the basement during the springtime. These factors have been considered in the pricing and represent an opportunity for improvement. Don't miss out on this rare chance to invest in a high-potential commercial property in the bustling heart of Edmundston. Contact us today for more information and to schedule a viewing!  **Please take note that all current tenants are remaining in the building.

  • Property Type Commercial, Multi Family
  • Price $1,395,000.00
  • Year Built 1950's or 60's
  • Bedrooms 2
  • Bedroom(s) Details 2 Apartments of 1 bedroom each
  • Full Bathrooms 2
  • Half Bathrooms 7
  • House Size 110' x 100' front part. 40' x 60' back section.
  • Finished Square Feet 20330 sq.ft.
  • Basement Details Unfinished basement, used for storage
  • Lot Size 20925 Square Feet
  • Interior Finish(es) Gyprock
  • Exterior Finish Brick, Aluminium
  • Floor Coverings Ceramic, Carpet, Cushin Floor, Floating
  • Heating Type(s) Electric, Baseboard
  • Air Conditioning Type(s) Window A/C Unit, Other
  • Has Garage / Carport? No
  • Electricity Cost See File
  • Tax Assessment $751,600.00
  • Taxes $33,624.38 (2024) (Non-Owner occupied taxes)
Jean LeBlond
Owner / Broker
Cel (506) 737-7001
Tel (506) 739-8022
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