High-Capacity Side-by-Side Duplex in Central Moncton

This expansive side-by-side duplex located at 58-60 Spurr Street presents a unique opportunity for investors seeking high-density residential assets in Moncton. With a reported capacity of over 8 bedrooms, this property is exceptionally well-suited for high-occupancy rental strategies, such as student housing or large family rentals, which are in high demand within the city's core. The property is currently listed at $469,900, providing a competitive entry point for a multi-unit asset of this scale. Suite/zoning status to be independently verified with the municipality. Based on a 20% down payment of $93,980 at a 5.5% interest rate over a 25-year amortization, the monthly mortgage payment is approximately $2,300. With estimated market rents of $3,400 per month, the property offers a solid foundation for positive cash flow after accounting for property taxes and operating expenses. Moncton continues to be a standout market in Canada, having experienced a 107% appreciation over the last five years and a 9% increase in the last year alone. This property serves as a strong hedge against inflation and a vehicle for long-term wealth accumulation. The investment thesis here relies on the property's high bedroom count, which allows for premium rental rates compared to standard 2-bedroom units. Investors should be mindful of the risks associated with high-occupancy properties, including higher tenant turnover and increased wear and tear. A thorough inspection of the electrical and plumbing systems is recommended to ensure the property can support the demands of a large tenant base.