120 Craigmillar Avenue
St. John's, NL, A1E1Z8
0 Bed |
$799,900
About the property (MLS: 1292238):
Discover an exceptional investment opportunity in the heart of the city with this well-maintained 8-unit multi-family property. The building features seven one-bedroom units and one two-bedroom unit, 7 of which are currently tenant-occupied and generating a total monthly income of $6,200. With all units self-contained and tenants responsible for their own heat and electricity, this property offers a low-maintenance, high-return investment. Boasting a potential annual income exceeding $70,000, this property provides both strong cash flow and long-term growth potential. Over the past 15–20 years, the building has benefited from numerous upgrades, including new windows and doors, a torched-on roof, updated plumbing and electrical, ensuring reliability and reduced future maintenance costs. Conveniently located in the city centre, this property offers easy access to amenities, public transit and shopping a prime location that continues to attract reliable tenants and steady demand. *Minimum 24-48 hours notice for showings (id:56688)
Property Details
Listing ID: 29060703
Address: 120 Craigmillar Avenue, St. John's, Newfoundland & Labrador, Canada A1E1Z8
Status: Active
Last updated: 8 days ago ( Nov 5, 2025 )
Year Built: 1965
Property Type: Single Family
Structure Type: Multi-Family
Ownership Type: Freehold
Beds: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Tax Annual Amount: $3,205
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Wood, Other
Common Interest: Freehold
Number of photos available: 2
Rurl
Coordinates: [47.54396, -52.73105]
Rooms
Basic Calculator
First Mortgage: $639,920
Mortgage insurance premium: $0
Total Financing: $639,920
Rough closing fee (1.5%): ~ $11,999
Total downpayment with estimated closing fee: $171,979
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $0 | $0 |
| Gross rental income (income/principal ratio) | 0.000% | 0.000% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $0 | $0 |
| Vacancy | $0 | $0 |
| Management Fee | $0 | $0 |
| Expense / Income Ratio | NaN% | NaN% |
| Cash Flow | $0 | $0 |
| Net Operating Income (NOI) | $0 | $0 |
| Capitalization Rate | 0.00% | 0.00% |
