47 Elm Street, St. Stephen, New Brunswick E3L2L1

Property Description

Unlock the ultimate Investment Property with this sprawling, multi-structure estate located in centrally in the Town of St. Stephen with easy access to all the amenities the town offers. Boasting a massive double lot with large mature trees and a park like atmosphere it also has access to municipal water and sewer connections. This property is a blank canvas offering incredible cash flow potential for visionary buyers. Whether you want to restore the existing footprint to create a multi-family income generator, or subdivide to build a brand-new home or additional rental units, the possibilities here are endless! The property features a total of 4 existing rental units across interconnected buildings, offering massive ROI potential once restored. The two-story main house features two separate rental units (roughly 1100 square feet each) with the top unit featuring an attic space with a window. It has a solid foundation and has good bones. Unit 3 (Attached Extension roughly 600 square feet) is an adjoining addition that was previously used as a rental unit. Unit 4 (Story-and-a-Half House that's roughly 1250 square feet) is an additional unit connected to the rear extension. It also features an attached 1-car garage. Total configuration: 4 self-contained rental units requiring full restoration. Subdivision Potential: The lot can be subdivided into two separate, legal parcels, giving you the ability to sell off the second lot or develop it. Build New: With municipal services already in place, the subdivided lot provides a ready-made opportunity to Build a House or Apartment and maximize your property value. This property is a fixer-upper and requires a complete to-the-studs renovation inside. (id:5764)