SOLD - Shediac Apartment Portfolio

136 well-maintained multi-residential units, comprised of eight separate buildings centrally located in Shediac, New Brunswick. Positioned strategically along major commercial and arterial routes, the properties in this offering benefit from excellent visibility and accessibility, further enhanced by proximity to the Trans-Canada Highway, facilitating both local and regional connectivity. With a remarkable 99% occupancy rate, these buildings signify stability and sustained rental demand in the area.

With Shediac's rental market witnessing significant growth, outpacing the national average, and boasting low vacancy rates alongside rising rental rates, these well-maintained buildings requiring minimal immediate maintenance offer a promising investment opportunity. The properties provide convenient access to a wide array of amenities in the surrounding areas, including grocery stores, pharmacies, gas stations, fast-food establishments, and various retail and service outlets. Shediac itself benefits from a robust local economy characterized by steady job growth and a diverse economic landscape, contributing to its resilience and attractiveness for residents and investors alike. This investment opportunity offers a stable income stream, with potential for value appreciation over time in line with Shediac's flourishing market.