116-118 Lancaster Street
New Brunswick · E2M1J7
$199,900
About this residence
BACK ON MARKET DUE TO FINANCING. Welcome to 116118 Lancaster Street, a well-maintained duplex on Saint Johns west side. Each spacious unit features 3 bedrooms, a full bathroom, and a functional kitchen, with plenty of natural light throughout. Both units also offer in-unit laundry hookups conveniently located at the back of each space. This property presents an excellent investment opportunity with current rental income of $1,075 for Unit 116 and $1,110 for Unit 118, for a combined total of $2,185 per month. Tenants cover their own utilities, making this a straightforward, income-generating property. Situated close to schools, parks, shopping, and all west side amenities, this duplex is ideal for investors or owner-occupiers seeking both affordability and steady returns. Expenses: *Water heater rental - $354/year* Insurance: $1842. Taxes: $4641. Water/Sewage: $2887.Total Expenses - 9724. Total Income $25800 - Expenses = Net Income $16076. Both Tenants are Month to Month. (id:61366)
Property details
- Property type
- Multi-family
- Style
- Duplex
- Ownership
- Freehold
- Living area
- 1,980 sq ft
- Lot size
- 1410
- Annual tax
- $4,641
- MLS®
- NB125599
- Board
- New Brunswick
- Status
- Inactive
- Listed
- Sep 3, 2025
- Updated
- Oct 23, 2025
Features & finishes
Flooring
- Other
Heating
- Baseboard heaters
- Electric
Exterior
- Wood siding
Foundation
- Concrete
Sewer & Utilities
- Municipal sewage system
Financing
Estimated monthly payment
$935/mo
Loan amount
$159,920
Down payment
$39,980
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
New Brunswick
Nearby
About the area
Census · E2M- 18,836
- Population
- 47
- Median age
- $73,500
- Median income
- $180,000
- Median home value
- 71%
- Home ownership
- 17 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 116-118 Lancaster Street?
116-118 Lancaster Street is listed for $199,900, in New Brunswick.
What type of home is 116-118 Lancaster Street?
116-118 Lancaster Street is a Multi-family, Duplex.
How large is 116-118 Lancaster Street?
The home offers approximately 1,980 sq ft of living space on a lot measuring 1410.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $935. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $4,641 per year.
What is the New Brunswick area like?
New Brunswick has a population of about 18,836, a median age of 47, a 71% home-ownership rate, with an average commute of about 17 minutes.
What is the average home value in New Brunswick?
The median dwelling value in this area is approximately $180,000, based on census data via Neighbourly.
What is the median household income in New Brunswick?
The median household income in this area is approximately $73,500.
Similar residences
Comparable Duplex near New Brunswick at a similar price.
Private viewings
Arrange a private viewing of 116-118 Lancaster Street.
Our advisors offer discreet, personal guidance from first viewing through to closing. We’d be delighted to assist.