16 Mount Royal Avenue

Key facts

• Property type: Single Family
• Structure: Two Apartment House
• Transaction: For Sale
• Price: $329,000
• Bedrooms: 7
• Bathrooms: 3
• Interior size: 2,400 sqft
• Lot size: 35 x 97
• Year built: 1991
• Listing key: 29810188

Listing overview

Excellent investment opportunity in a central St. John’s location. This 7 bedroom, 2.5 bath two apartment home offers strong income potential with tenants already in place and immediate cash flow from day one. Built in 1991, this property is one of the newer two apartment homes you will find in the center city area, offering a solid option for investors or buyers looking to offset mortgage costs with rental income. The property features all new PEX plumbing and a functional layout with plenty of space across both units. The main unit spans two storeys and includes five bedrooms, one and a half baths, and views of Signal Hill from the primary bedroom. The bright two bedroom basement apartment includes its own laundry and separate living space. Currently generating $2,500/month upstairs and class="container" id="details-container",200/month downstairs, this property brings in a total of $3,700/month in rental income. With ampl...