838 Regent Street Fredericton, New Brunswick E3B 3Y4

$1,388,000

Attention developers, rare opportunity. This unique opportunity presents a city lot currently available for purchase, featuring a residential dwelling in an ""as-is"" condition. Zoned as MR2, this property offers significant potential for various uses, particularly catering to multi-residential developments. Being over ¾ of an acre, whether you choose to build a 27 unit building with 4 bedrooms per unit or larger unit with less bedrooms, the city is open to working with you for density. This lot promises proximity to essential amenities and services, including Universities, uptown and downtown shopping, restaurants and walking trails. Currently has 4 active leases, tenants each pay $650/month. Leases will expire in June and August. If you choose to rent more rooms, that is a personal decision. This is being sold as land for development. *Property being sold ""As Is, Where Is"", so purchaser can decide what they want to do. *Tax & Assessments are from 2025. (id:57497)

Property Details

MLS® Number	NB133274
Property Type	Vacant Land
Neigbourhood	College Hill

Building

Utility Water

Municipal Water

Land

Acreage	No
Sewer	Municipal Sewage System
Size Irregular	3037.84
Size Total	3037.84 M2
Size Total Text	3037.84 M2
Zoning Description	Mr2

https://www.realtor.ca/real-estate/29339000/838-regent-street-fredericton