42 WATER STREET
New Brunswick · E3N1A8
$395,000
About this residence
Just steps from the Civic Center, the waterfront, and Riverside Park, this mixed-use property offers history, visibility, and endless potential. The main floor features 2,830 sq. ft. of commercial space, currently set up as a bar. The bar structure, walk-in freezer (with a new compressor installed in summer 2024), and back-room sink remain with the property, providing a solid foundation for your next venture. A standout feature is the garage-door-style window wall that opens to a 22 x 30 back deck (completed in 2019), creating a seamless indoor/outdoor flow perfect for maximizing summer business and atmosphere. (Note: Business name, furniture, taps, fridges, and dispensing equipment not included in the sale.) Upstairs, youll find two apartments, each with 2 bedrooms and 1 bathroom. The front unit has been extensively renovated in recent months, while the back unit has been freshly repainted. Both apartments, along with the commercial space, each have their own electrical panel, maximizing independence and functionality. A new oil tank (installed May 2025, never filled or used) adds peace of mind. With its prime location, strong rental potential, and unique indoor/outdoor design, this property is a turnkey opportunity for entrepreneurs, restaurateurs, or investors ready to make their mark in one of Campbelltons most recognized addresses. (id:61366)
Property details
- Property type
- Other
- Ownership
- Freehold
- Bedrooms
- 0
- Living area
- 4,780 sq ft
- Lot size
- 451
- Annual tax
- $7,098
- MLS®
- NB127891
- Board
- New Brunswick
- Status
- Inactive
- Listed
- Oct 6, 2025
- Updated
- Oct 23, 2025
Features & finishes
Heating
- Baseboard heaters
- Heat Pump
- Electric
- Oil
Cooling
- Heat Pump
Exterior
- Brick
- Other
Lot
- Corner Site
Financing
Estimated monthly payment
$1,847/mo
Loan amount
$316,000
Down payment
$79,000
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
New Brunswick
Nearby
About the area
Census · E3N- 13,467
- Population
- 54
- Median age
- $56,000
- Median income
- $125,000
- Median home value
- 70%
- Home ownership
- 16 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 42 WATER STREET?
42 WATER STREET is listed for $395,000, in New Brunswick.
How many bedrooms and bathrooms does 42 WATER STREET have?
It offers 0 bedrooms and — bathrooms.
What type of home is 42 WATER STREET?
42 WATER STREET is a Other.
How large is 42 WATER STREET?
The home offers approximately 4,780 sq ft of living space on a lot measuring 451.
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 $1,847. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $7,098 per year.
What is the New Brunswick area like?
New Brunswick has a population of about 13,467, a median age of 54, a 70% home-ownership rate, with an average commute of about 16 minutes.
What is the average home value in New Brunswick?
The median dwelling value in this area is approximately $125,000, based on census data via Neighbourly.
What is the median household income in New Brunswick?
The median household income in this area is approximately $56,000.
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