Buying or Selling your House in Western Newfoundland and Labrador

120 Craigmillar Avenue NEW

St. John's, Newfoundland & Labrador

$799,900

Quick Summary

Location
St. John's, Newfoundland & Labrador
Price
$799,900
Building Type
Multi-Family
Property Type
Single Family
Status
For sale
Area
n/a
Beds
0
Baths
n/a
Age
n/a
Postal Code
A1E 1Z8
MLS®
1292238
Courtesy Of
RE/MAX Infinity Realty Inc. - Sheraton Hotel
Database ID:61384 DDF Feed ID: 29060703 Latitude: 47.54396 Longitude: -52.73105

Property Description

Discover an exceptional investment opportunity in the heart of the city with this well-maintained 8-unit multi-family property. The building features seven one-bedroom units and one two-bedroom unit, all 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. Over the past 15–20 years, the building has benefited from numerous upgrades, including new windows and doors, a torched-on roof, updated plumbing and electrical, ensuring reliability and reduced future maintenance costs. 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:47053)

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Building Information

  • Building Type: Multi-Family
  • Electric Heat
  • Other, Wood
  • Flooring: Mixed Flooring
  • Municipal water

Full Details

MLS® Number:1292238
Ownership Type:Freehold
Price:$799,900
Property Type:Single Family
Transaction Type:For Sale
Zoning Description:R1
More Information Link: https://www.realtor.ca/real-estate/29060703/120-craigmillar-avenue-st-johns

Size Total Text:493.9 SQ METRES|under 1/2 acre
Sewer:Municipal sewage system
Size Irregular:493.9 SQ METRES

Bedrooms Above Ground:0
Bedrooms Total:0
Constructed Date:1965
Exterior Finish:Other, Wood
Flooring Type:Mixed Flooring
Heating Fuel:Electric
Type:Multi-Family
Utility Water:Municipal water
Listing information last updated on 2025-11-03 14:53:14 -0330
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