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$ 239,000
Est. payment | /mo
3 Beds
3 Baths
1,169 SqFt
$ 239,000
Est. payment | /mo
3 Beds
3 Baths
1,169 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,169 sqft
Price per Sqft $204
MLS® Listing ID NB116293
Style Bungalow
Bedrooms 3
Half Baths 2
Originating Board New Brunswick Real Estate Board
Year Built 1956
Lot Size 5,866 Sqft
Acres 5866.0
Property Description
Prime Development or Immediate Use Opportunity 370 Somerset Street, Saint John Unlock the potential at 370 Somerset Street, perfectly positioned between Uptown Saint John and Millidgeville. This versatile property is zoned RM (Mid-Rise Residential), offering a valuable opportunity for investors and developers to create multi-unit residential buildings, condominiums, or mixed-use developments with commercial spaces at street level. Already improved with an existing building, this property is ready for immediate use as a community center, place of assembly, or other permitted uses under current zoning giving you the flexibility to operate now while planning future development. Whether you envision a vibrant new project or need a functional space today, this property delivers on both fronts. Located in a high-demand area near hospitals, universities, shopping, and public transit, the site offers excellent connectivity and strong appeal for future tenants or community use. RM zoning typically permits construction up to six stories, offering major potential for those looking to expand their real estate portfolio. Opportunities in such a prime location are limited whether youre seeking an immediate-use building or a prime development site, 370 Somerset Street is absolutely worth a look. (id:24570)
Location
Province NB
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters, Heat Pump
Cooling Heat Pump
Flooring Carpeted
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Story 1
Sewer Municipal sewage system
Architectural Style Bungalow
Listed by EXIT REALTY SPECIALISTS