1 Princess Street

Multi-family for sale in Saint John — $1,100,000

1 Princess Street — photo 1

Key facts

Description

Welcome to 1 Princess Street—an iconic heritage property established in 1879 and widely recognized as the historic Thomas Furlong Building. Ideally located in the heart of uptown, this exceptional mixed-use property offers both commercial and residential space, all within steps of the Harbour Passage and showcasing views of the Bay of Fundy. The primary residence is a beautifully appointed two-storey unit featuring a spacious, well-designed kitchen, one-and-a-half bathrooms, a whirlpool tub, and in-unit laundry. Thoughtfully finished throughout, this unit offers both comfort and character, making it a standout living space. “Total rental income can be higher (dependant on how much the owner resides in any of the units). Approx. total income – $107,907 Approx. expenses: Taxes – $13,781, insurance – $4,800, garbage – $240, Other – $360, electricity – $7,920, water/sewer – $420, and maintenance – $2,400. Approx. total expenses – $29,921. Approx. net income – $77,986.” In addition to the main unit, the property includes two fully furnished residential flats and a lower-level commercial space, creating a versatile and income-generating opportunity. Currently operating as a turnkey Airbnb, this property is perfectly positioned directly across from Area 506 and the ongoing Fundy Quay transformation—placing it at the center of one of the city’s most exciting and rapidly evolving areas. Each unit highlights quality craftsmanship and timeless charm, while the…

See the original listing at Century 21

Homes for sale in Saint John · Multi-family for sale in Saint John