16 Riverview Avenue
Mount Pearl, NL, A1N1M1
0 Bed |
$849,900
About the property (MLS: 1292570):
Discover a rare opportunity to own a well-maintained 6-unit multi-family property ideally located in Mount Pearl! The building comprises six three-bedroom units, with all units currently occupied and generating a total monthly income of $5,100. Each unit is self-contained with laundry hook up, tenants responsible for their own heat and electricity—offering an investor a low-maintenance and high-return asset. With a potential annual income exceeding $60,000, this property delivers both strong cash flow and excellent long-term growth potential. Conveniently located, the property offers easy access to amenities, public transit, and shopping, making it a highly desirable location that consistently attracts reliable tenants and steady demand. Minimum 24–48 hours’ notice required for showings. **Property is being sold as is, where is. Any HST applicable is the responsibility of the purchaser. No conveyance of offers until Wednesday, November 19 @ 2:00pm and left open for acceptance until 5:00pm the same day (id:56688)
Property Details
Listing ID: 29103170
Address: 16 Riverview Avenue, Mount Pearl, Newfoundland & Labrador, Canada A1N1M1
Status: Active
Last updated: 2 months ago ( Nov 14, 2025 )
Year Built: 1971
Property Type: Single Family
Architectural Style: 3 Level
Structure Type: Multi-Family
Ownership Type: Freehold
Beds: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Tax Annual Amount: $4,867
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring
Exterior Features: Brick
Common Interest: Freehold
Number of photos available: 3
Rurl
Coordinates: [47.520608, -52.799606]
Rooms
Basic Calculator
First Mortgage: $679,920
Mortgage insurance premium: $0
Total Financing: $679,920
Rough closing fee (1.5%): ~ $12,749
Total downpayment with estimated closing fee: $182,729
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% |
