Buying or Selling your House in Western Newfoundland and Labrador

9 Forbes Street NEW

St. John's, Newfoundland & Labrador

$3,275,000

Quick Summary

Location
St. John's, Newfoundland & Labrador
Price
$3,275,000
Building Type
Multi-Family
Property Type
Other
Status
For sale
Area
n/a
Beds
0
Baths
n/a
Age
n/a
Postal Code
A1E 3L3
MLS®
1295728
Courtesy Of
RE/MAX Infinity Realty Inc. - Sheraton Hotel
Database ID:64876 DDF Feed ID: 29541529 Latitude: 47.535297 Longitude: -52.746652

Property Description

RARE INVESTMENT OPPORTUNITY! This well-maintained residential building features 22 fully occupied units, offering immediate and reliable income potential. The property includes a desirable unit mix of 17 one-bedroom apartments, 1 two-bedroom apartment, and 4 spacious three-bedroom apartments, appealing to a broad tenant base. Currently generating over $25,000 in monthly rental income, this asset presents strong cash flow and long-term investment value. Ideally situated in a highly convenient location, the building is just steps from the Village Mall Shopping Centre, major bus routes, Hazelwood School, and nearby walking trails, making it an attractive choice for tenants seeking accessibility and lifestyle amenities. An exceptional opportunity for investors looking to expand their portfolio with a stable, income-producing property in a sought-after area. *Any and all HST applicable 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:1295728
Equipment Type:None
Ownership Type:Freehold
Price:$3,275,000
Property Type:Other
Rental Equipment TypeNone
Transaction Type:For Sale
Zoning Description:R1
More Information Link: https://www.realtor.ca/real-estate/29541529/9-forbes-street-st-johns

Size Total Text:~0.56 acres|.5 - 9.99 acres
Sewer:Municipal sewage system
Size Irregular:~0.56 acres

Bedrooms Above Ground:0
Bedrooms Below Ground:0
Bedrooms Total:0
Constructed Date:1968
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 10:02:42 -0230
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