Turnkey Cash-Flow Powerhouse: 4-Unit Investment in Moncton North

74 Ashley Crescent presents a premier investment opportunity in the heart of Moncton North, one of the city's most desirable rental districts. This 3,400-square-foot fourplex consists of a spacious two-bedroom main unit paired with three updated one-bedroom suites. The property has undergone extensive capital improvements over the last four years, including driveway extensions, new flooring, modern kitchens with stainless steel appliances, and the addition of in-unit laundry for all tenants. These upgrades, combined with the installation of mini-split heat pumps, have significantly improved operational efficiency and tenant retention potential.

From a financial perspective, this asset is a cash-flow leader. With current listed gross rents of $5,675 per month, the property far outperforms the typical 'break-even' duplex in the region. After accounting for a 20% down payment and a 5.5% interest rate, the monthly mortgage payment is approximately $2,686. Even with the higher property tax rate for non-owner-occupied units in New Brunswick—listed at $8,116 annually—and estimated budgets for insurance and maintenance, the property is projected to generate a net positive cash flow exceeding $1,700 per month. This level of yield is exceptionally rare for a stabilized, turn-key asset in a major Canadian growth market.

The investment thesis is further bolstered by Moncton’s remarkable market fundamentals. The city has experienced a staggering 107% appreciation over the past five years, supported by 9% growth in the last twelve months alone. As inter-provincial migration continues to drive demand for quality housing in the Maritimes, assets like 74 Ashley Crescent serve as essential infrastructure for the city's expanding population. Its location within walking distance to schools, parks, and major retail centers ensures a consistent pool of high-quality applicants.

Strategically, this property is ideal for a buy-and-hold investor looking to scale their portfolio with a high-utility building. The 'side-by-side' and 'up-and-down' configuration of the suites provides privacy for tenants, which often translates to longer lease terms and lower vacancy costs. Additionally, the presence of a large double detached garage and a fenced backyard adds value that is rarely seen in standard multi-unit buildings, potentially allowing for additional storage income or premium rent positioning.

While the current numbers are strong, investors should remain aware of the specific regulatory environment in New Brunswick. Property taxes for investment properties are approximately double the rate of owner-occupied homes, a factor already integrated into this analysis. As with any multi-unit building, independent verification of all suite legality, zoning compliance, and utility separation should be conducted during the due diligence period to ensure the long-term viability of the current rental structure.

In summary, 74 Ashley Crescent is a standout performer in the New Brunswick market. It combines the immediate safety of a stabilized, high-income asset with the explosive upside of a city that has more than doubled in value since 2021. For the investor seeking both yield and growth, this fourplex represents one of the most compelling entries currently available in Moncton.