51-53 Lakewood Drive

Moncton E1E 3L9

Income opportunity near Jones Lake! This side-by-side duplex offers a fantastic investment or owner-occupied opportunity in a prime central location just steps from the water. Each unit features an identical functional layout with three bedrooms, a four-piece bath, and an open-concept kitchen and dining area, complemented by bright living rooms with updated electric fireplace inserts. Significant capital improvements have been completed since 2021, including a new roof, eavestroughs, and downspouts, along with a comprehensive basement waterproofing system featuring new weeping tile and continuous-drain dehumidifiers. Extensive mechanical updates include a new energy-efficient boiler in one unit, a fully serviced boiler in the other, updated electrical breaker panels, and new rental hot water heaters. Interior updates include new kitchen countertops, freshly painted cabinetry with modern hardware, and updated plumbing fixtures throughout. With both units on separate meters and one side currently vacant, this property offers excellent flexibility for an investor or an owner-occupant looking to offset their mortgage. Conveniently located close to Downtown, Jones Lake, walking trails, and schools, this property offers an excellent opportunity for investors or owner-occupants seeking strong rental potential in a desirable central location. (id:2493)