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$484,900
New Brunswick,Fredericton
For Sale Active
40 Ayres Street, Fredericton, New Brunswick E3B5K7
  • 6
  • 2
  • 1,457 Sqft
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Basic Details
Description

SIX-BEDROOM PROPERTY WITH INCOME POTENTIAL! An excellent opportunity for first time homebuyers, multi-generational living, or investors looking to maximize rental income and offset housing costs. Offering three bedrooms and one bathroom on each level, this versatile property provides exceptional flexibility. Live comfortably in one unit while generating rental income from the other, accommodate extended family, or explore the potential of

having both levels rented. Each level features a separate entrance, separate electrical meter, and dedicated laundry facilities, offering added privacy, independence, and convenience. The upper level features an energy-efficient ductless heat pump and has benefited from numerous recent improvements, including fresh paint, a new refrigerator and dryer, updated light fixtures, replacement window screens and deck door, new kitchen flooring, and a serviced heat pump. The lower level has also seen significant updates, including renovated bathrooms, a new washer and dryer, a new microwave, fresh paint, updated flooring, and a replaced living room ceiling. Additional exterior improvements include refinished walkway steps and a spring house wash. A double-car paved driveway and spacious backyard complete the property, providing plenty of room for parking, outdoor enjoyment, and entertaining. Adding to its investment appeal, the upper unit is currently rented for $2, 200 per month, with the existing lease scheduled to end November 30, 2026. Both units have previously been rented, offering an established rental history. Whether you’re looking to reduce your monthly housing expenses, accommodate extended family, or add an income-generating property to your portfolio, this property offers versatility, multiple living arrangements, and the opportunity to build long-term equity. Property taxes are currently assessed at the non-owner-occupied rate. (id:62650)

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Basic Details
  • Property Type: Residential
  • Listing Type: For Sale
  • Listing ID: NB149690
  • Price: $484,900
  • Bedrooms: 6
  • Bathrooms: 2
  • Square Footage: 1,457 Sqft
  • Year Built: 1975
  • Status: Active
  • Office Name: eXp Realty
  • Property Sub Type: Single Family
  • Office Key: 289196
Features & Appliances
Features
  • Heating System: Baseboard heaters, Electric, Heat Pump
  • Cooling System: Heat Pump
  • Architectural Style: 2 Level, Split entry bungalow
  • Exterior Features: Vinyl
  • Flooring: Tile, Hardwood, Ceramic
  • Sewer: Municipal sewage system
Address Map
  • Location: CA, New Brunswick, Fredericton, E3B5K7
  • Longitude: W67° 22' 37.6''
  • Latitude: N45° 55' 14.9''
Additional Information
  • Water Source:
  • Foundation Details:
  • Lot Features:
  • Lot Size Dimensions: 837
Financial
  • Tax Annual Amount: 6751.09
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Listing updated: 2026-11-10 03:00:46
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Listing Information
  • List Agent Key: 2211840
  • List Office Key: 289196
  • Modification Timestamp: 2026-11-05T15:05:08Z
  • Originating System Name: New Brunswick REALTORS® du Nouveau-Brunswick
  • Status Change Timestamp: 2026-11-05T14:55:31Z
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Listing updated: 2026-11-10 03:00:47
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