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Listed by RE/MAX Infinity Realty Inc. - Sheraton Hotel
$499,900
Est. payment /mo
8 Beds
2 Baths
2,700 SqFt
UPDATED:
Key Details
Property Type Condo
Sub Type 2-Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 2,700 sqft
Price per Sqft $185
MLS Listing ID 1297321
Style Detached
Bedrooms 8
Full Baths 2
Year Built 1950
Annual Tax Amount $2,846
Lot Dimensions 50x100
Property Sub-Type 2-Apartment
Source NLAR
Property Description
This exceptional two-apartment property presents a rare investment opportunity in a highly sought-after central location, just minutes from Memorial University and the Health Sciences Centre. Backing onto a park and scenic walking trails, the property offers an ideal balance of convenience & long-term rental appeal.
Configured as two 4 bedroom units, this income-generating property currently produces a total rental income of $4,600 per month. Each unit features it's own kitchen, living room, and in-unit laundry, making it highly attractive to students, professionals, and families alike. Extensively renovated in 2016, the home has undergone significant interior and exterior upgrades. Interior improvements include new kitchen cabinetry with crown mouldings, countertops and island, new laminate flooring in select areas, and all new interior doors throughout. Both units were also equipped with new HRV systems for improved air quality and ventilation. The exterior was substantially upgraded with 18 energy-efficient windows, new siding on the porch and lower rear portion of the home, an expanded paved driveway and walkway, and a redesigned basement entry. The property also offers parking for up to 3 vehicles. Major mechanical and infrastructure upgrades include all new plumbing, extensive electrical improvements featuring 200 amp and 125 amp services, upgraded meter service poles, new baseboard heaters, and updated interior and exterior lighting. Energy efficiency and soundproofing were also prioritized with new spray foam insulation, batt insulation, and Roxul Safe'n'Sound insulation installed throughout the home. With strong rental income, extensive upgrades, and an unbeatable location close to major amenities, schools, transit, and recreation, this turnkey property is an outstanding opportunity for both seasoned and first-time investors.
Configured as two 4 bedroom units, this income-generating property currently produces a total rental income of $4,600 per month. Each unit features it's own kitchen, living room, and in-unit laundry, making it highly attractive to students, professionals, and families alike. Extensively renovated in 2016, the home has undergone significant interior and exterior upgrades. Interior improvements include new kitchen cabinetry with crown mouldings, countertops and island, new laminate flooring in select areas, and all new interior doors throughout. Both units were also equipped with new HRV systems for improved air quality and ventilation. The exterior was substantially upgraded with 18 energy-efficient windows, new siding on the porch and lower rear portion of the home, an expanded paved driveway and walkway, and a redesigned basement entry. The property also offers parking for up to 3 vehicles. Major mechanical and infrastructure upgrades include all new plumbing, extensive electrical improvements featuring 200 amp and 125 amp services, upgraded meter service poles, new baseboard heaters, and updated interior and exterior lighting. Energy efficiency and soundproofing were also prioritized with new spray foam insulation, batt insulation, and Roxul Safe'n'Sound insulation installed throughout the home. With strong rental income, extensive upgrades, and an unbeatable location close to major amenities, schools, transit, and recreation, this turnkey property is an outstanding opportunity for both seasoned and first-time investors.
Location
Province NL
Zoning Res.
Interior
Heating Baseboard
Cooling Baseboard
Exterior
Exterior Feature Other, Vinyl
Parking Features None
Roof Type Shingle - Asphalt
Building
Foundation Concrete
Sewer Municipal
Water Municipal
Schools
Elementary Schools St. Andrew'S
Middle Schools Leary'S Brook Jr
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NEARBY SCHOOL & BUSINESS
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