2144,2149 Ocean Westway
New Brunswick · E2M5H6
$3,800,000
About this residence
Welcome to 2144 and 2149 Ocean Westway, a fantastic investment opportunity featuring 19 fully renovated one-level, units ideal for professional workers. The property is in excellent condition and situated in a desirable area, offering easy access to the highway and nearby amenities. With strong rental numbers and modern updates throughout, this like-new property offers impressive financials. The total annual rental income is $312,600, with units rented at varying rates: 2 at $ 1,100, 2 at $ 1,200, 1 at $ 1,250, 10 at $ 1,400, 2 at $ 1,500, and 2 at $ 1,600. Estimated annual expenses include $21,984 for taxes, $5600 for water and septic, $5000 for electricity, $10,301 for insurance, and $6986 for snow removal and garbage, totaling approximately $49,871. This results in an estimated net income of $262,729. For serious investors seeking a high-performing and low-maintenance property, this is well worth a closer look. (id:61366)
Property details
- Property type
- Multi-family
- Ownership
- Freehold
- Storeys
- 1
- Living area
- 9,500 sq ft
- Lot size
- 3.27
- Annual tax
- $21,984
- MLS®
- NB128372
- Board
- New Brunswick
- Status
- Inactive
- Listed
- Oct 10, 2025
- Updated
- Oct 23, 2025
Features & finishes
Appliances
- Washer
- Refrigerator
- Dishwasher
- Dryer
- Stove
Flooring
- Vinyl
Heating
- Baseboard heaters
- Electric
Exterior
- Vinyl
- Wood
Foundation
- Concrete
Lot
- Level lot
- Sloping
Sewer & Utilities
- Septic System
Financing
Estimated monthly payment
$17,772/mo
Loan amount
$3,040,000
Down payment
$760,000
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 2144,2149 Ocean Westway?
2144,2149 Ocean Westway is listed for $3,800,000, in New Brunswick.
What type of home is 2144,2149 Ocean Westway?
2144,2149 Ocean Westway is a Multi-family set over 1 storey.
How large is 2144,2149 Ocean Westway?
The home offers approximately 9,500 sq ft of living space on a lot measuring 3.27.
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 $17,772. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $21,984 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.
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