Commercial or industrial · 29,452 sq ft
511 Somerset Street
Saint John
Property assessment 2026
$699,100
We do not estimate the market value of a property of type “Commercial or industrial”. Our model learns from residential transactions, and the value of such a property depends mainly on the income it generates.
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Sales history
No sale of this property has been recorded on the assessment roll since 2009.
Source: sales recorded on the assessment roll by Service New Brunswick since 2009. Transfers of $1 or less and bulk sales of several properties are excluded: their price says nothing about this property alone.
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Surroundings and accessibility
Wired high-speed internet available in the area50/10 Mbps or more · Based on ISED data for the area. Actual service varies by provider.
Description
This commercial or industrial is located at 511 Somerset Street, in Saint John. The 2026 property assessment sets its value at $699,100, an increase of 9.6% since the previous roll. The lot measures 29,452 sq ft.
The property
- Type
- Commercial or industrial
- Building footprint
- about 391 m²
- Lot area
- 29,452 sq ft · 2,736.2 m²
- Account number
- 04631293
Ground area of the largest building on the lot, from Statistics Canada’s Open Database of Buildings. This is not the living area: a two-storey house has the same footprint as a bungalow on the same base.
Financial details
Assessment roll 2026
Total assessment$699,100
- Previous roll
- $638,100
Change+9.6%
Property tax$27,546 / year
2026 property tax on the Service New Brunswick assessment roll for this account.
Neighbourhood profile
2021 Census · Statistics CanadaThe immediate neighbourhood of the property (census dissemination area, about 400 to 700 residents), not all of Saint John.
Population of the immediate area
470
2,363 people/km²
Median age
63 years
7.4% aged 0 to 14
Median after-tax income
$22,000
65% lower than in New Brunswick
Homeowners
8.7%
340 private households
Population trend
+10.7% since 2001All of Saint John · annual estimates from Statistics Canada
Population estimates as of July 1, Statistics Canada, table 17-10-0155-01 (2001-2025). Recent years are revised or preliminary.
Data from Statistics Canada’s 2021 Census, aggregated for the property’s statistical area (dissemination area) and not for the property itself. The bar shows the difference from the New Brunswick average. Values suppressed for confidentiality reasons are not shown.
Other properties on Somerset Street
See the whole street →Saint John has 655 properties classified as commercial or industrial on the property assessment roll.
510
510 Somerset Street
Vacant lotAssessed value$135,200
520
520 Somerset Street
Commercial or industrialAssessed value$658,100
500
500 Somerset Street
Single-family homeEstimate$991,500
535
535 Somerset Street
Commercial or industrialAssessed value$463,000
550
550 Somerset Street
Commercial or industrialAssessed value$731,900
555
555 Somerset Street
Commercial or industrialAssessed value$2,380,100
Data transparency
Public data
Service New Brunswick 2026 property assessment roll: values, property tax and sales. Contains information licensed under the Open Government Licence – New Brunswick.
Other sources
Statistics Canada, under the Statistics Canada Open Licence: National Address Register, Open Database of Buildings, Open Database of Educational Facilities, 2021 Census. Internet: Innovation, Science and Economic Development Canada (ISED). Public transit: GTFS feeds from Codiac Transpo, Saint John Transit, Fredericton Transit and Miramichi Transit.
Ubeestimate™ valuation
Statistical model adjusted for the local market, the building’s characteristics and the neighbourhood context. The property is assumed to be in standard condition.
Disclaimer
These estimates do not replace a professional appraisal and are not binding on Ubeestimate™.