2 Meadow Ln - Apartments FOR SALE


Sackville, NB E4L 0C2
$1,975,000 CAD
506-386-3447
2 Meadow Ln, Sackville, NB for Sale
$1,975,000 CAD
Apartments - FOR SALE
1/17
null | Request Cap Rate

2 Meadow Ln
Sackville, NB E4L 0C2


HIGHLIGHTS

  • Below-Market In-Place Rents with clear path to stabilization
  • Efficient Two-Bedroom Layouts well suited to the local renter base
  • Low-Density Configuration appeals to downsizers and professionals
  • Garage Parking enhances tenant appeal and retention

OVERVIEW

2 - 12 Meadow Lane is a well-maintained six-suite, condo-style attached townhouse complex with garages, constructed circa 2013 and located in a growing area of Sackville, New Brunswick, a stable, university-driven rental market anchored by Mount Allison University. The property benefits from strong in-place rental income and consistent tenant demand due to its proximity to downtown Sackville and key amenities. This offering is an opportunity for investors seeking a manageable asset with consistent cash flow characteristics and long-term rental growth potential in one of New Brunswick’s most established small-market multifamily environments. The building is finished with horizontal vinyl siding, asphalt shingle roofing, and asphalt walkways and driveways. Each suite benefits from a private front entrance, open-concept layouts, two bedrooms, a full bathroom, in-suite laundry, utility/storage space and spacious attached single-car garage, and individual driveway parking. The rear elevation features private wooden rear decks for each unit, providing outdoor amenity space, along with well-maintained green space and landscaped surroundings. Summarized financial information is available to qualified investors. Measurements are based on the survey plan and include garage areas.

FOR SALE DETAILS

PRICE

$1,975,000 CAD

PRICE/SF

$247 CAD /SF

# OF UNITS

6

PRICE/UNIT

$329,167

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2-12 Meadow Lane

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,357 SF

ZONING

Urban Residential 2 (R2)

APN/PARCEL ID

CUSTOM-416047

ASK ABOUT THIS PROPERTY

506-386-3447

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506-386-3447

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