About 101 New Cove Road
Income-Generating Investment Property with Three Separate Living Spaces! Offering excellent versatility and income potential, this unique property features a two-apartment home plus an additional registered in-law suite with a separate entrance. With two units leased and a third recently renovated, this is an attractive opportunity for investors or buyers looking to offset their mortgage with rental income. The main unit offers 3 bedrooms, a spacious living room, separate dining room, kitchen, laundry, and 1.5 bathrooms, including a half bath in the primary bedroom. Currently leased for $2,300/month, utilities included. The registered in-law suite features a studio-style kitchen and living area with peninsula, separate bedroom, and 3-piece bathroom. It is currently leased for $1,100/month, utilities included, and shares an electrical service with the main unit. The 2-bedroom apartment has its own dedicated electrical service and has recently been updated with new flooring throughout and fresh paint. It includes a kitchen, living room, bathroom, and laundry hookups. Currently vacant following renovations, it has a projected rental income of $1,500/month POU (plus utilities). When fully rented at the stated rates, the property offers potential gross rental income of $4,900/month ($58,800 annually), before expenses. The oversized lot features mature trees, a fully fenced rear yard, rear yard access, a storage shed, and two driveways with parking for 7+ vehicles. The roof was newly shingled in 2026. With multiple living spaces, established rental income, additional income potential, and recent upgrades, this property is an excellent opportunity for investors! As per the seller’s direction, no offers will be conveyed until Tuesday, November 4th at 4:00 PM. All offers to remain open until 9:00 PM. (id:6289)
More Info on this Two Apartment House MLS® listing
101 New Cove Road is a two apartment house listing for sale in St. John's. The MLS® number is 1304910. It was built in 1955, features 6 bedrooms, 4 bathrooms and covers 2,268 square feet. It's currently listed for $485,000. For more details on MLS® 1304910, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This two apartment house listing in St. John's is available now!
Selling your Two Apartment House property?
Have a similar home to 101 New Cove Road? If you’re thinking about selling your St. John's two apartment house property, then we should chat. Fill in the form on this page, or click request info, and we’ll get right back to you, and we can chat about selling your St. John's property.
