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🏡 For Sale – $900,000 CAD
3042 Niaqunngusiariaq | Duplex with Development Potential | Apex, Iqaluit

An exceptional opportunity for homeowners, investors, and developers in one of Iqaluit’s most sought-after neighbourhoods — Apex.

This side-by-side duplex sits on an extremely large lot in a prime location, offering both strong rental income and rare development potential.

🔹 Property Features:

• Duplex – Units A & B

• 2 Bedrooms, 1 Bathroom per side

• Approx. 650 sq ft per unit (1,300 sq ft total)

• Separate mechanical room with easy access to heating and water systems

• One unit tenanted month-to-month at $2,500/month (60-day notice required)

🏗️ Development Opportunity:

• Zoned R2 – Conditional use allows for potential development of up to a 6-plex

• Ideal for developers or investors looking to expand in a high-demand area

📍 Location Highlights:

• Situated in Apex, a quiet, scenic subdivision of Iqaluit

• Fronts onto a playground – perfect for families

• Right next to a brand new Inuktitut daycare

• Close to nature trails, the beach, and offers beautiful water views

🛠️ Condition & Notes:

• Interior needs some cosmetic updates, but units are functional and can be made ready quickly

• Historical fuel spill of approx. 100L in 1995 may require investigation, though no recent issues reported

💰 Asking Price: $900,000.00 CAD

Whether you’re looking to live in one unit and rent the other, invest in a cash-flowing property, or build new housing in a desirable area — 3042 Niaqunngusiariaq offers a rare mix of income, location, and future potential.

📞 Contact your local real estate agent today to schedule a private showing or for more information.