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Melonie Fairs

meloniefairs@gmail.com +1(587) 732-5847

$ 485,000

Est. payment | -/mo

6 Beds

4 Baths

2,268 SqFt

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$ 485,000

Est. payment | -/mo

Save

6 Beds

4 Baths

2,268 SqFt

Key Details

Property Type Condo

Sub Type Condo

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2268

Square Footage 2,268 sqft

Price per Sqft $213

MLS® Listing ID 1304910

Bedrooms 6

Half Baths 1

Year Built 1955

Property Sub-Type Condo

Property Description

Income-Generating Investment Property with Three Separate Living Spaces! Offering excellent versatility and income potential, this unique property features a two-apartment home plus an additional registered in-law suite with a separate entrance. With two units leased and a third recently renovated, this is an attractive opportunity for investors or buyers looking to offset their mortgage with rental income. The main unit offers 3 bedrooms, a spacious living room, separate dining room, kitchen, laundry, and 1.5 bathrooms, including a half bath in the primary bedroom. Currently leased for $2,300/month, utilities included. The registered in-law suite features a studio-style kitchen and living area with peninsula, separate bedroom, and 3-piece bathroom. It is currently leased for $1,100/month, utilities included, and shares an electrical service with the main unit. The 2-bedroom apartment has its own dedicated electrical service and has recently been updated with new flooring throughout and fresh paint. It includes a kitchen, living room, bathroom, and laundry hookups. Currently vacant following renovations, it has a projected rental income of $1,500/month POU (plus utilities). When fully rented at the stated rates, the property offers potential gross rental income of $4,900/month ($58,800 annually), before expenses. The oversized lot features mature trees, a fully fenced rear yard, rear yard access, a storage shed, and two driveways with parking for 7+ vehicles. The roof was newly shingled in 2026. With multiple living spaces, established rental income, additional income potential, and recent upgrades, this property is an excellent opportunity for investors! As per the seller's direction, no offers will be conveyed until Tuesday, November 4th at 4:00 PM. All offers to remain open until 9:00 PM. (id:24570)

Location

Province NL

Rooms

Kitchen 2.0

Extra Room 1 Basement 13 x 6 Not known

Extra Room 2 Basement 3 PC Bath (# pieces 1-6)

Extra Room 3 Basement 12 x 6 Not known

Extra Room 4 Basement 13 x 8 Kitchen

Extra Room 5 Basement x 0 Not known

Extra Room 6 Basement 4 PC Bath (# pieces 1-6)

Interior

Heating Baseboard heaters,

Flooring Mixed Flooring

Exterior

Parking Features No

View Y/N No

Roof Type Unknown

Attached Garage No

Garage No

Private Pool No

Building

Sewer Municipal sewage system

Others

Ownership Freehold

Listed by eXp Realty

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(587) 732-5847

meloniefairs@gmail.com

Alberta T2M3Y7, CAN

101 New Cove Road St. John's, NL A1A2C2

Melonie Fairs

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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101 New Cove Road