For Sale: 145 Portugal Cove Road, St Johns, NL

About this home

Located next to the College of the North Atlantic and Confederation Building, this east end 5-unit apartment complex offers a great opportunity for an investor looking to add value to an income-producing property. The building consists of five self-contained units, each with its own breaker panel. The property is currently partially occupied with the following monthly rents: Unit A: $1,325/month Unit B: Vacant Unit C: Vacant Unit D: $1,000/month Unit E: $1,000/month Current rental income from the three occupied units is $3,325/month or $39,900 annually, with two vacant units providing an opportunity for the new owner to complete the required work and establish new rents. The property has been a long-term rental property and does require work and updating. This has been taken into consideration and provides a good opportunity for an investor who is willing to put some work into the property and improve both its overall value and income potential. The site is larger than average for the neighbourhood with a large driveway off Whiteford Place providing plenty of off-street parking, along with a second single-wide driveway off Portugal Cove Road. The property is fully landscaped with several mature trees and is set back nicely from Portugal Cove Road. A new roof was installed in June 2022. With five units, two currently vacant, a great east end location close to CNA, Confederation Building, shopping, transit and other amenities, this property has plenty of potential for the right investor. As per the sellers directive there will be no conveyance of offers until August 29tth at 7PM and all offers are to be left open until August 29tth at 11PM. (id:63626)

Listed by: Jordan Stagg, eXp Realty

Home facts and features

Price details

List Price

$499,900

Gross Taxes for 2026

$3,679

Home facts

Bedrooms

Full Bathrooms

Property Type

House

Lot Size

11626 ft²

Depth

Year Built

Built in 1962 (64 yrs old)

Title

Freehold

Heating Type

Baseboard heaters, Electric

Agent details

Primary Agent

Jordan Stagg

Primary Broker

eXp Realty

Listing details

Days on REW

64 Days

MLS® Number

1302393

Source

Canadian Real Estate Association

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Property Insights

Schools nearby

6 Schools are within 3km

Mary Queen Of Peace School

n/a
K - 6
In Catchment

Vanier Elementary School

n/a
K - 6
In Catchment

Rennies River Elementary School

n/a
K - 6
In Catchment

Gonzaga High School

n/a
10 - 13
In Catchment

École Des Grands-Vents

n/a
K - 12
In Catchment

Roncalli Elementary School

n/a
K - 6
In Catchment

145 Portugal Cove RoadSt Johns, NL, A1B 2N1