Buying or Selling your House in Western Newfoundland and Labrador

82 Thorburn Road NEW

St. John's, Newfoundland & Labrador

$5,500,000

Quick Summary

Location
St. John's, Newfoundland & Labrador
Price
$5,500,000
Building Type
Multi-Family
Property Type
Other
Status
For sale
Area
n/a
Beds
0
Baths
n/a
Age
n/a
Postal Code
A1B 4B1
MLS®
1295754
Courtesy Of
RE/MAX Infinity Realty Inc. - Sheraton Hotel
Database ID:64939 DDF Feed ID: 29544898 Latitude: 47.563874 Longitude: -52.759775

Property Description

Rare investment opportunity. This well-maintained residential building comprises 26 fully occupied units, providing immediate and dependable income. The unit mix includes three one-bedroom apartments and twenty-three two-bedroom apartments, appealing to a broad and stable tenant base. The property is currently generating in excess of $44,000 in monthly rental income, offering strong cash flow and long-term investment potential. Ideally located in a highly convenient area, it is within walking distance of the Avalon Mall, major transit routes, schools, and nearby walking trails—enhancing its appeal to tenants seeking both accessibility and lifestyle amenities. This represents an excellent opportunity for investors looking to expand their portfolio with a stable, income-producing asset in a sought-after location. * Any applicable HST is the responsibility of the purchaser. (id:47053)

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Building Information

  • Building Type: Multi-Family
  • Baseboard heaters
  • Electric Heat
  • Flooring: Mixed Flooring
  • Municipal water

Full Details

MLS® Number:1295754
Equipment Type:None
Ownership Type:Freehold
Price:$5,500,000
Property Type:Other
Rental Equipment TypeNone
Transaction Type:For Sale
Zoning Description:A2
More Information Link: https://www.realtor.ca/real-estate/29544898/82-thorburn-road-st-johns

Size Total Text:1.19 acres|1 - 3 acres
Acreage:true
Sewer:Municipal sewage system
Size Irregular:1.19 acres

Bedrooms Above Ground:0
Bedrooms Below Ground:0
Bedrooms Total:0
Constructed Date:1982
Flooring Type:Mixed Flooring
Heating Fuel:Electric
Heating Type:Baseboard heaters
Type:Multi-Family
Utility Water:Municipal water
Listing information last updated on 2026-04-01 16:02:46 -0230
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