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159 University Avenue
159 University Avenue
NEW
St. John's, Newfoundland & Labrador
$499,900
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Quick Summary
Location
St. John's, Newfoundland & Labrador
Price
$499,900
Building Type
Two Apartment House
Property Type
Single Family
Status
For sale
Area
2528 sqft
Beds
8
Baths
2
Age
n/a
Postal Code
A1B 1Z6
MLS®
1297322
Courtesy Of
RE/MAX Infinity Realty Inc. - Sheraton Hotel
Database ID:66412 DDF Feed ID: 29733001 Latitude: 47.56682 Longitude: -52.74215
Property Description
This registered two-apartment property offers an exceptional opportunity in one of the city’s most sought-after rental locations, ideally situated next to Memorial University, Prince of Wales Collegiate, the Health Sciences Centre, shopping, recreation, major amenities and bus route in front. Featuring a total of eight bedrooms, the home is configured into two spacious four-bedroom units, each complete with its own kitchen, living room, four-piece bathroom, and in-unit laundry facilities. The property currently generates $4,600 in monthly rental income, with each bedroom renting for $575 (with potential of higher) and one room presently vacant, providing immediate income potential with room for further growth. Its prime location makes it highly attractive to students, healthcare professionals, and long-term tenants alike. Extensively renovated from the studs in 2015, the property underwent a comprehensive transformation including all new electrical and plumbing systems, new interior wall framing, kitchens, bathrooms, flooring, insulation, appliances, and the installation of two HRV units. Significant attention was also given to safety, efficiency, and tenant comfort with upgraded sound barriers and fire-rated separation between floors. Exterior improvements completed during the renovation included new shingles, windows, siding, and doors. Additional recent upgrades completed in 2025/2026 include a new bathroom vanity, fresh paint, and vinyl flooring in the basement apartment, along with a new front door and hot water tank in the main unit. The property also provides 4 car off street parking. This turn-key income property combines strong rental returns, extensive upgrades, and an unbeatable central location, making it an outstanding addition to any investment portfolio. No conveyance of offers until Thursday May 14th 2026 @ 11am and left open for acceptance until 2pm. (id:47053)
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Building Information
Building Type: Two Apartment House
8 Beds
2 Baths
Area: 2528 sqft
Baseboard heaters
Electric Heat
Vinyl siding
Flooring: Mixed Flooring
1 story
Municipal water
Full Details
General
MLS® Number:
1297322
Ownership Type:
Freehold
Price:
$499,900
Property Type:
Single Family
Transaction Type:
For Sale
Zoning Description:
Res.
More Information Link:
https://www.realtor.ca/real-estate/29733001/159-university-avenue-st-johns
Land
Size Total Text:
53x100|under 1/2 acre
Access Type:
Year-round access
Amenities:
Recreation, Shopping
Sewer:
Municipal sewage system
Size Irregular:
53x100
Building
Bathroom Total:
2
Bedrooms Total:
8
Architectural Style:
Bungalow
Constructed Date:
1963
Exterior Finish:
Vinyl siding
Flooring Type:
Mixed Flooring
Half Bath Total:
0
Heating Fuel:
Electric
Heating Type:
Baseboard heaters
Stories Total:
1
Size Interior:
2528 sqft
Type:
Two Apartment House
Utility Water:
Municipal water
Rooms
Level
Type
Dimensions
Basement
Laundry room
7x7
Basement
Not known
10x9
Basement
Not known
9.9x8.9
Basement
Not known
11x7
Basement
Not known
10x9
Basement
Bath (# pieces 1-6)
4pc
Basement
Not known
10x7
Basement
Not known
11.5x10.8
Main level
Laundry room
8x3
Main level
Storage
13.9x11.5
Main level
Bedroom
11x8.9
Main level
Bedroom
9x9
Main level
Bedroom
11x8.10
Main level
Bedroom
9.4x8.8
Main level
Bath (# pieces 1-6)
4pc
Main level
Dining room
9.2x8
Main level
Kitchen
14.5x7.7
Main level
Living room
16.9x11.7
Listing information last updated on 2026-05-11 15:52:51 -0230
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