From Saint John, take the Gondola Point Ferry and continue onto Route 845 toward Kingston. Turn left onto Lake Road and continue for approximately 1.7 km. The property at 61 Lake Road, Kingston will be on your route and is approximately a 26-minute drive from Saint John. RARELY OFFERED!!! Picture yourself owning one of the few multi-unit properties available on the Kingston Peninsula, collecting reliable rental income while enjoying water views and future upside on a 1.43-acre property. This four-unit income property in Kingston Peninsula, New Brunswick offers that opportunity and more, with three occupied units generating $30,600 annually and a vacant fourth unit ready to generate additional income or provide a place to live while your tenants help offset your mortgage. You will love the stability of three long-term tenants with more than 60 combined years of tenancy, the very low operating expenses that help maximize returns, and the potential to increase gross annual income to approximately $39,000 by renting the vacant fourth unit. Set on 1.43 acres with water views in one of New Brunswicks most scenic communities, you are surrounded by waterfront living, small-town charm, and convenient access to Saint John, Rothesay, Quispamsis, and Hampton. Whether you are an experienced real estate investor looking to add a rare income-producing asset to your portfolio or a buyer seeking a mortgage-helper property with room for future growth, this building offers stability, flexibility, and long-term potential in a market where multi-unit properties rarely become available. If you have been searching for homes for sale in Kingston Peninsula with investment potential or Kingston Peninsula, New Brunswick real estate that can generate income from day one, this opportunity deserves your attention. Ready to see it for yourself? Book your private showing today. (id:27476)
