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116-118 Lancaster Street
Saint John New Brunswick E2M1H9 Canada

$199,900

Active Listing ID NB125599
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1,980 square feet
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Multi-family

$199,900

Active Listing ID NB125599
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116-118 Lancaster Street BACK ON MARKET DUE TO FINANCING. Welcome to 116118 Lancaster Street, a well-maintained duplex on Saint Johns west side. Each spacious unit features 3 bedrooms, a full bathroom, and a functional kitchen, with plenty of natural light throughout. Both units also offer in-unit laundry hookups conveniently located at the back of each space. This property presents an excellent investment opportunity with current rental income of $1, 075 for Unit 116 and $1, 110 for Unit 118, for a combined total of $2, 185 per month. Tenants cover their own utilities, making this a straightforward, income-generating property. Situated close to schools, parks, shopping, and all west side amenities, this duplex is ideal for investors or owner-occupiers seeking both affordability and steady returns. Expenses: *Water heater rental - $354/year* Insurance: $1842. Taxes: $4641. Water/Sewage: $2887.Total Expenses - 9724. Total Income $25800 - Expenses = Net Income $16076. Both Tenants are Month to Month. (id:203)

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Property Features

  • Facts
  • Property Sub-type: Multi-family
  • Features
  • Exterior Finish: Wood siding
  • Floor Covering: Other
  • Heating Systems: Baseboard heaters, Electric
  • Additional Features
  • Basement
Listing Changed: 10/23/2025 5:35:47 PM GMT
Source Updated Date: 12/6/2025 4:10:33 AM GMT

Courtesy of: Marcus Power, Salesperson, RE/MAX Professionals