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Listed by RE/MAX Infinity Realty Inc. - Sheraton Hotel
$ 499,900
Est. payment | /mo
8 Beds
2 Baths
2,528 SqFt
$ 499,900
Est. payment | /mo
8 Beds
2 Baths
2,528 SqFt
Key Details
Property Type Condo
Sub Type 2-Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 2,528 sqft
Price per Sqft $197
MLS Listing ID 1297322
Style Detached,Bungalow
Bedrooms 8
Full Baths 2
Year Built 1963
Annual Tax Amount $2,963
Lot Dimensions 53x100
Property Sub-Type 2-Apartment
Source NLAR
Property Description
This registered two-apartment property offers an exceptional opportunity in one of the city's most sought-after rental locations, ideally situated next to Memorial University, Prince of Wales Collegiate, the Health Sciences Centre, shopping, recreation, major amenities and bus route in front. Featuring a total of eight bedrooms, the home is configured into two spacious four-bedroom units, each complete with its own kitchen, living room, four-piece bathroom, and in-unit laundry facilities. The property currently generates $4,600 in monthly rental income, with each bedroom renting for $575 (with potential of higher) and one room presently vacant, providing immediate income potential with room for further growth. Its prime location makes it highly attractive to students, healthcare professionals, and long-term tenants alike. Extensively renovated from the studs in 2015, the property underwent a comprehensive transformation including all new electrical and plumbing systems, new interior wall framing, kitchens, bathrooms, flooring, insulation, appliances, and the installation of two HRV units. Significant attention was also given to safety, efficiency, and tenant comfort with upgraded sound barriers and fire-rated separation between floors. Exterior improvements completed during the renovation included new shingles, windows, siding, and doors. Additional recent upgrades completed in 2025/2026 include a new bathroom vanity, fresh paint, and vinyl flooring in the basement apartment, along with a new front door and hot water tank in the main unit. The property also provides 4 car off street parking. This turn-key income property combines strong rental returns, extensive upgrades, and an unbeatable central location, making it an outstanding addition to any investment portfolio.
Location
Province NL
Zoning Res.
Interior
Heating Baseboard, Electric
Cooling Baseboard, Electric
Exterior
Exterior Feature Vinyl
Parking Features None
Roof Type Shingle - Asphalt
Building
Foundation Apartment, Full
Sewer Municipal
Water Municipal
Schools
Elementary Schools St. Andrew'S
Middle Schools Leary'S Brook Jr
Nearby Locations
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