REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by 3% Realty East Coast
$ 450,000
Est. payment | /mo
6,300 SqFt
$ 450,000
Est. payment | /mo
6,300 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,300 sqft
Price per Sqft $71
MLS Listing ID 1300799
Style Detached
Year Built 1986
Annual Tax Amount $1,911
Tax Year 2026
Lot Dimensions 2.37 Acres
Property Sub-Type Multi Family
Source NLAR
Property Description
Exceptional investment opportunity offering multiple income streams and tremendous upside! This impressive 6,300 sq. ft. income-producing property features five self-contained one-bedroom apartments along with four established nightly rental units, making it an ideal addition to any investment portfolio.
Extensively upgraded with major capital improvements already completed, the property boasts a new 600-amp electrical service, all new plumbing, a high-tech security/alarm system, and a new interconnected smoke alarm system, providing added peace of mind and modern safety standards. The building also offers two shared laundry facilities for tenant and guest convenience, as well as an attached garage at the rear of the property, providing valuable storage or additional operational space.
Investors will appreciate the property's future growth potential with an undeveloped area that offers the possibility of creating an additional rental unit (subject to any required approvals), allowing for even greater revenue opportunities.
Currently, two of the long-term apartments are rented, with the remaining three units expected to be leased in September 2026, providing immediate and increasing rental income. Combined with the established nightly rental units, this property offers a diversified revenue stream and outstanding cash-flow potential.
Whether you're looking to expand your portfolio or acquire a turnkey investment with significant upside, this is a rare opportunity to own a versatile, well-updated asset with strong current income and room for future growth.
Extensively upgraded with major capital improvements already completed, the property boasts a new 600-amp electrical service, all new plumbing, a high-tech security/alarm system, and a new interconnected smoke alarm system, providing added peace of mind and modern safety standards. The building also offers two shared laundry facilities for tenant and guest convenience, as well as an attached garage at the rear of the property, providing valuable storage or additional operational space.
Investors will appreciate the property's future growth potential with an undeveloped area that offers the possibility of creating an additional rental unit (subject to any required approvals), allowing for even greater revenue opportunities.
Currently, two of the long-term apartments are rented, with the remaining three units expected to be leased in September 2026, providing immediate and increasing rental income. Combined with the established nightly rental units, this property offers a diversified revenue stream and outstanding cash-flow potential.
Whether you're looking to expand your portfolio or acquire a turnkey investment with significant upside, this is a rare opportunity to own a versatile, well-updated asset with strong current income and room for future growth.
Location
Province NL
Zoning Mix
Interior
Heating Electric, Forced Air
Cooling Electric, Forced Air
Building
Story 3
Sewer Municipal
Water Municipal
Nearby Locations
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "