Completed in January 2025, 1032 Cleveland Avenue is a newly constructed 35-unit multi-residential asset located in Riverview’s fastest-growing commercial node. This modern apartment building offers strong curb appeal, high-quality construction, and contemporary unit layouts designed to attract a broad tenant profile and support long-term occupancy stability. The property features an excellent parking ratio with 23 underground stalls and 29 surface parking spaces, enhancing tenant convenience and overall asset competitiveness. Units are built to top-tier rental standards with efficient floor plans and bright, modern finishes. Tenants benefit from walkable access to major retailers, restaurants, services, schools, parks, and public transit, along with quick connectivity to Gunningsville Boulevard and Downtown Moncton, making this one of the area’s most desirable rental nodes. An added value component includes 0.41 acres of surplus land with conceptual plans for approximately 4,000 square feet of future commercial development, offering long-term expansion potential. Optional opportunity to acquire a separate fully leased commercial building occupied by a national tenant. Turnkey, institutional-quality asset in one of Greater Moncton’s strongest rental markets with built-in growth drivers. Financials are available after a signed NDA.
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Zillow last checked:
Listing updated:
Listed by:
Maulen Kalau, Salesperson220052634,
Colliers International New Brunswick Brokerage
Source: New Brunswick Real Estate Board,MLS®#: NB134427
Facts & features
Interior
Heating
Baseboard
Cooling
Ductless
Features
Flooring: Vinyl
Basement: None
Interior area
Total structure area: 39,410
Total interior livable area: 39,410 sqft
Property
Parking
Parking features: ParkingYN, No Garage
Lot
Size: 1.11 Acres
Features: 1.0 -2.99 Acres
Details
Parcel number: 05119862
Other equipment: Boiler
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family
Materials
Cement Siding
Foundation: Other
Roof: Asphalt
Condition
Year built: 2025
Utilities & green energy
Sewer: Municipal
Water: Plastic
Community & HOA
Location
Region: Riverview
Financial & listing details
Price per square foot: C$249/sqft
Annual tax amount: C$84,852
Date on market: 3/6/2026
Ownership: Freehold
Maulen Kalau, Salesperson
Maulen Kalau, Salesperson
(506) 229-9866
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