For Sale: 159 University Avenue, St Johns, NL

About this home

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. (id:63626)

Listed by: Robert Moore, RE/MAX Infinity Realty Inc. - Sheraton Hotel

Home facts and features

Price details

List Price

$499,900

Gross Taxes for 2026

$2,963

Home facts

Bedrooms

Full Bathrooms

Property Type

Apt/Condo

Year Built

Built in 1963 (63 yrs old)

Title

Freehold

Style

Bungalow

Exterior Finish

Vinyl siding

Heating Type

Baseboard heaters, Electric

Agent details

Primary Agent

Robert Moore

Primary Broker

RE/MAX Infinity Realty Inc. - Sheraton Hotel

Listing details

Days on REW

26 Days

MLS® Number

1297322

Source

Canadian Real Estate Association

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Property Insights

Schools nearby

10 Schools are within 915km

Port Elgin Regional School

n/a
K - 8
In Catchment

École Donat-Robichaud

n/a
K - 8
In Catchment

Tantramar Regional High School

n/a
9 - 12
In Catchment

Marshview Middle School

n/a
5 - 8
In Catchment

Sackville Christian Academy

n/a
K - 12
In Catchment

Salem Elementary School

n/a
K - 4
In Catchment

Polyvalente Louis-J.-Robichaud

n/a
9 - 12
In Catchment

École Mgr-François-Bourgeois

n/a
K - 8
In Catchment

École Clément-Cormier

n/a
9 - 12
In Catchment

École Dr-Marguerite-Michaud

n/a
K - 8
In Catchment

159 University AvenueSt Johns, NL, A1B 1Z6