Discover an exceptional investment opportunity in the heart of St. John's! This multi-family property features 20 bed-sitting rooms plus a separate one-bedroom apartment, making it an attractive choice for investors looking to maximize rental income potential. Currently configured as a four-unit building, this property offers plenty of possibilities for those with an entrepreneurial spirit. Each unit provides comfortable living spaces, with shared bathroom facilities thoughtfully distributed throughout. The additional one-bedroom apartment adds extra value and flexibility to your investment strategy. The property's location is simply unbeatable - situated in a well-established neighborhood with easy access to downtown amenities, Memorial University, and major transportation routes. Students, young professionals, and working individuals will appreciate the convenient proximity to essential services, shopping, and dining options. Plus it is backing on the beautiful Waterford River. While the property is being sold as-is, it presents an exciting opportunity for investors who can envision its potential. With some strategic renovations and updates, this building could be transformed into an even more attractive rental property. The solid bones and excellent location provide a strong foundation for your investment vision. Perfect for property investors, developers, or entrepreneurs looking to expand their real estate portfolio, this multi-family property combines location advantages with significant income-generating potential. Don't miss this chance to acquire a property with so much untapped potential in one of St. John's most sought-after areas. (id:47423)
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Detailed Information
Bedrooms
21
Bathrooms
5
Listing Contract Date
2024-12-03
Ownership Type
Freehold
Property Type
Other
Structures
Patio(s)
Transaction Type
For sale
Zoning Description
res
Building
Age
0 years
Appliances
See remarks
Exterior Finish
Vinyl siding
Flooring Type
Mixed Flooring
Foundation Type
Concrete
Heating Fuel
Oil
Type
Other
Utility Water
Municipal water
Rooms
Room
Level
Dimensions
Notes
Other
Other
Measurements not available
Land
Total Size
95x82x98x90 | 7,251 - 10,889 sqft
Sewer
Municipal sewage system
Size of Irregular Land
95x82x98x90
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