$799,900

House For Sale In Cornwall Heights - Fairview Acres, St. John's, Newfoundland and Labrador

$799,900

Property Information:

Discover an exceptional investment opportunity in the heart of the city with this 8-unit multi-family property. The building features seven one-bedroom units and one two-bedroom unit, 7 of which are currently tenant-occupied and generating a total monthly income of $6,200. With all units self-contained and tenants responsible for their own heat and electricity, this property offers a low-maintenance, high-return investment. Boasting a potential annual income exceeding $70,000, this property provides both strong cash flow and long-term growth potential. Conveniently located in the city centre, this property offers easy access to amenities, public transit and shopping a prime location that continues to attract reliable tenants and steady demand. *Minimum 24-48 hours notice for showings (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Exterior Finish: Other, Wood
  • Flooring Type: Flooring Type
  • Heating Fuel: Electric

Property Features:

  • OwnershipType: Freehold
  • Property Type: Single Family
  • Built in: 1965
  • Irregular: Yes
  • Lot Size: 493.9 SQ METRES
  • Zoning: R1
  • Sewer: Municipal sewage system

Courtesy of: RE/MAX Infinity Realty Inc. - Sheraton Hotel

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.