33
See all 33 photos
$485,000
Est. payment /mo
6 Beds
4 Baths
2,268 SqFt
New
101 New Cove Road St. John's, NL A1A2C2
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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
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