MLS®: NB020069 Status: For sale

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$13,900,000
Location:

100 Lanark Street, Oromocto New Brunswick, E2V1C4

100 Lanark Street, Oromocto New Brunswick
Description:
River Island Realty is pleased to offer for sale Oromocto Riverview Apartments. There are 217 units in eight buildings located at 100 Lanark Street (45), 130 & 140 MacDonald Avenue (48), 970-990 Onondaga Street (72), 201-204 Gilmour Street (22) and 201-207 Gilmour Street (30). Located in the heart of Oromocto, these units are in close proximity to Base Gagetown, the largest military training base in Canada. Included in this offering, in addition to the 217 apartment units, is a piece of land below 140 MacDonald Avenue which will support further units of new inventory. In the last twelve months, the current owners have invested $500,000 in new appliances, HVAC work, window replacements and unit improvements. Included in this are upgrades to the common areas in all eight buildings featuring new lighting, flooring, emergency and smoke alarms, painting and lobby refurbishment. Current vacancy is 1.4%. Interested parties will sign a non-disclosure agreement to receive valuation pro-forma. Additional PIDs: 60006319, 60006327, 60113206, 60006293, 60006301, 60002912, 60151495, 60003688. Additional PANs: 00927935, 00927943 00927919 ,00927927, 00923729, 00923931, 00924490 (id:2471)
Property:
Type: Multi-family
Lot Dimensions: 29411 s.m. (as per SNB)Acreage: 29411 s.m. (as per SNB)|3 - 10 acres
Sewer: Municipal sewage systemWater: Municipal water
Structure:
Age: 1962
Heating: Hot Water
Heating Type: Natural gas
Exterior: Brick, Stone, Vinyl
Flooring: Laminate, Wood
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100 Lanark Street, Oromocto New Brunswick

Thompson Real Estate Ltd., Brokerage

Listing Office: River Island Realty

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