774 Reid Street, Fredericton, NB E3B3V9
Key Facts
Description
Welcome to 774 Reid Street - a rare 14-bedroom rental property ideally situated in one of Fredericton's most sought-after areas. Just minutes from local universities, this high-demand location consistently attracts student and young professional tenants, making it a strong and reliable income-generating asset. This well-positioned property is close to all essential amenities including shopping, restaurants, public transit, and downtown conveniences, ensuring maximum appeal and occupancy potential. With its large bedroom count and unbeatable location, this property offers excellent cash flow opportunities and long-term investment stability. Whether you're expanding your portfolio or looking for an income property in a proven rental area, 774 Reid Street is a standout choice. Some of the long-term tenants are paying lower rents, but may be increased to reflect the higher market rent. Living room photos have been virtually staged. The property is legally approved as a 14-room dwelling. (id:31684)
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1958
Living Area
2,600 sq ft
Ownership
Freehold
Listing #
NB136877
Property Features
Heating
Flooring
Lot Features
Sewer
Affordability Calculator
$139,980
Estimated monthly payment
$3,725/mo
Principal $559,920 · Est. interest $781,138 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Fredericton, NB
- CA$487,097
- Median Listing Price
- 38
- Median Days on Market
- 2,026
- Median Sq Ft
- CA$237
- Median Price / Sq Ft
- 203
- Active Listings
- This home’s price is 44% above the area median.
- Its price per sq ft is 14% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Fredericton, NB.
Location
- 774 Reid Street, Fredericton, NB E3B3V9
Points of Interest in Fredericton, NB
Showing the Fredericton area map.
Nearby Schools
Regent Daycare Centre
Elementary · 0.2 km away
Montgomery Street School
Elementary · 0.5 km away
New Brunswick Community College - Fredericton
Secondary School · 0.7 km away
Ecole Sainte-Anne
School · 0.9 km away
Connaught Sreet School
Elementary · 0.9 km away
Priestman St School
Elementary · 1.0 km away
Fredericton High School
Secondary · 1.0 km away
Montessori World
Elementary · 1.2 km away
George Street Middle School
Elementary · 1.4 km away
Centre for Arts and Technology
School · 1.5 km away
Majestany Institute
Secondary · 1.6 km away
Maritime College of Forest Tech.
Secondary School · 1.7 km away
University of Fredericton
Secondary School · 1.8 km away
Liverpool Street School
Elementary · 1.9 km away
Forest Hill Elementary School
Elementary · 2.0 km away
Bliss Carman Middle School
Elementary · 2.4 km away
Barker's Point Elementary School
Elementary · 2.6 km away
Riverside Montessori Learning Centre
Elementary · 2.7 km away
Devon Middle School
Elementary · 2.9 km away
Under One Sky Friendship Centre
School · 3.0 km away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 27 Wyngate Drive, Fredericton, NB | CA$495,900 | 3 | 3 | 2,127 |
| 59 Sylvya Court, Fredericton, NB | CA$497,500 | 4 | 3 | 1,624 |
| 205 Serenity Lane, Fredericton, NB | CA$498,000 | 3 | 3 | 2,000 |
| 20 Marie Lane, Fredericton, NB | CA$499,900 | 4 | 2 | 2,205 |
| 234 Flanagan Road, Fredericton, NB | CA$499,900 | — | — | — |
| 105 Starview Drive Road, Fredericton, NB | CA$499,900 | — | — | — |
Moving Cost Estimate
EXIT Agents in Fredericton
Listing Courtesy: EXIT Realty Advantage
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