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Listed by Colliers International
$1,895,000
Est. payment /mo
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1303001
Style 2 Storey,10+ Units
Year Built 1999
Annual Tax Amount $8,115
Tax Year 2026
Lot Dimensions .9 of an acre
Property Sub-Type Multi Family
Source NLAR
Property Description
14–16 Learning Street presents a value-add multi-residential investment opportunity in Happy Valley–Goose Bay, comprising two residential buildings with 12 two-bedroom apartments totalling approximately 16,090 SF on 0.9 acres. Currently, 8 of 12 units are occupied with rents ranging from approximately $1,250–$1,400 per month, while four vacant units provide immediate lease-up potential at estimated market rents of approximately $1,500 per month. Originally constructed in 1999, the property offers established rental income together with opportunities for modernization and future rental growth. The investment is further supported by limited local housing supply and anticipated economic growth, including up to $8 billion in planned federal investment at 5 Wing Goose Bay, which is expected to support employment and increased demand for rental accommodation in the region.
Location
Province NL
Zoning RMU
Interior
Heating Electric
Cooling Electric
Building
Sewer Municipal
Water Municipal
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