Brunswick Brokers Limited is pleased to announce that 241 Union Street, Saint John has sold! The property is located in the Waterloo Village area across from the office building known by locals as “The Golden Ball”. The Union Street property features a ground floor commercial condo and 4 upper floor residential condos which are all currently rented out. The ground floor commercial space is now being renovated by the new owner and will soon be occupied by her business The Vagabond Studios. The Property was one of the earlier small condominium buildings in Saint John, and was very well maintained by the property manager, Leading Edge Property Solutions.
Before acquiring the property, The Vagabond Studio was a vendor at the Area 506 Container Village on Water Street. Rebecca Lavallee, the owner, found success during her time on Water Street but when the village shut down for the season, she went on the hunt for a more permanent location.
The building was previously owned by a corporation controlled by a lawyer in Toronto and who is known to Saint John for his desire to contribute to the improvements of the City; he saw potential in the City and in particular, the Waterloo Village. His business interest also includes a franchise at Brunswick Square known as Print Three which has been in operation since 2008 and he has every interest to expand the business to digital marketing and signage in the near future. He originally bought the building back in 2007, knowing that it has double brick and a steel frame, he gutted all the interiors and modernize the whole building into five spacious condominium units. He is pleased that the property had attracted quite a few prospects, and, in the end, he sold to a buyer with a desire to operate a retail studio on the ground floor which will help contribute to the vibrancy of the area.
Brock Turner of Brunswick Brokers Limited was the Listing Agent . Fran Scott of Royal LePage represented the buyer. Did you miss out on this opportunity? Check out our website www.bbrokers.ca for all of our current listings.