TelephoneEmail34-40 Georgia Drive, Stephenville, Newfoundland & Labrador, Canada A2N0C3

For sale · MLS® 1296337

34-40 Georgia Drive

Stephenville, NL, A2N0C3

location
0Built 1965

List price

$575,000

34-40 Georgia Drive Stephenville Newfoundland & Labrador Canada A2N0C3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
34-40 Georgia Drive Stephenville Newfoundland & Labrador Canada A2N0C3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
34-40 Georgia Drive Stephenville Newfoundland & Labrador Canada A2N0C3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
34-40 Georgia Drive Stephenville Newfoundland & Labrador Canada A2N0C3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
34-40 Georgia Drive Stephenville Newfoundland & Labrador Canada A2N0C3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
34-40 Georgia Drive Stephenville Newfoundland & Labrador Canada A2N0C3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
34-40 Georgia Drive Stephenville Newfoundland & Labrador Canada A2N0C3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
34-40 Georgia Drive Stephenville Newfoundland & Labrador Canada A2N0C3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
34-40 Georgia Drive Stephenville Newfoundland & Labrador Canada A2N0C3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
34-40 Georgia Drive Stephenville Newfoundland & Labrador Canada A2N0C3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
34-40 Georgia Drive Stephenville Newfoundland & Labrador Canada A2N0C3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
34-40 Georgia Drive Stephenville Newfoundland & Labrador Canada A2N0C3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
34-40 Georgia Drive Stephenville Newfoundland & Labrador Canada A2N0C3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
34-40 Georgia Drive Stephenville Newfoundland & Labrador Canada A2N0C3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
34-40 Georgia Drive Stephenville Newfoundland & Labrador Canada A2N0C3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
34-40 Georgia Drive Stephenville Newfoundland & Labrador Canada A2N0C3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
34-40 Georgia Drive Stephenville Newfoundland & Labrador Canada A2N0C3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
34-40 Georgia Drive Stephenville Newfoundland & Labrador Canada A2N0C3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty

Presented by

Haris Barki
Haris Barki
REALTOR® · Keller Williams Platinum Realty

About this propertyMLS® 1296337

Turnkey 5-Unit Apartment Building – Exceptional Investment Opportunity An outstanding opportunity for investors or those looking to expand their rental portfolio. This well-maintained, income-generating 5-unit apartment building offers a rare combination of space, privacy, and recent upgrades—making it a truly turnkey investment. Property Highlights This multi-unit property features: - Four (4) spacious 3-bedroom apartments – Generously sized units ideal for families and long-term tenants - One (1) executive 3-bedroom apartment, offering premium features including: Two full bathrooms Private, fully fenced yard Dedicated private storage shed The executive unit is perfectly suited for an owner-occupier or as a high-end rental, adding flexibility and increased revenue potential. Recent Upgrades & Features Extensively improved over the past year, this property is designed for long-term performance and reduced maintenance: - New oil tank - New hot water tanks - Numerous upgrades throughout the building - Ample basement storage for tenants or owner use - Two on-site sheds (one private to the executive unit, one shared) - Executive unit pays its own heat and electricity, lowering operating costs Investment Appeal - Strong and stable rental income potential - True turnkey property with minimal immediate capital requirements - Diverse unit mix enhances rental demand and flexibility - Consistently maintained building with pride of ownership - Highly attractive to families, professionals, and long-term tenants This is a rare opportunity to acquire a versatile, upgraded multi-unit property in excellent condition. (id:56688)

Specifications

Property details

MLS®1296337
Listing ID29627376
Address34-40 Georgia Drive, Stephenville, Newfoundland & Labrador, Canada A2N0C3
StatusActive
Last updated6 days ago ( Oct 26, 2026 )
Year Built1965
Property TypeOther
Structure TypeMulti-Family
HeatingHot water radiator heat, Radiant heat, Oil
SewerMunicipal sewage system
FlooringHardwood, Laminate, Other
Tax Annual Amount$2,804
Tax Year2026
Water SourceMunicipal water
Foundation DetailsConcrete, Poured Concrete
Common InterestFreehold
Number of photos available18

Room by room

Rooms

The neighbourhood

Stephenville at a glance

Live market stats for Stephenville — what's for sale, what it costs, and how it compares to nearby towns.

Full Stephenville area guide →

Homes for sale here

91

Median list price

$265k

Price range

$45k – $5.5M

Typical build

1975

Average size

4,882 sqft

Where Stephenville listings are priced

Every active list price in Stephenville, grouped into bands.

0
25
50
<200200–300300–400400–500500–750750–1M1M+

List price, thousands of $ · 91 homes

View as table
Price band ($)Listings
<20038
200–30015
300–40015
400–5006
500–75012
750–1M2
1M+3

How Stephenville compares

Median list price against the next biggest markets — click a row for that area guide.

The essentials

Location, air, flood & taxes

Elevation

12 m above sea level

Air quality now

AQHI 1 · Low risk

Corner Brook station · updated 2:00 a.m.

Property tax

$2,804 / year

≈ $234 / month · assessment year 2026

Climate

Feb -3° · Aug 21°

normal daily high · STEPHENVILLE A station · 1991–2020

Nearby & drive routes

23 places shown · OpenStreetMap · OSRM

Schools 7

Health 2

Groceries 5

Cafés 1

Parks 8

Plan ahead

Calculators & neighbourhood

Estimate payments and returns, and check how walkable this address is — all in one place.

Plan ahead

Mortgage & investment calculator

Estimated monthly payment

$234/mo

Rate 5%Term 30 yrDown 20% ($115,000)Tax $234/mo

Principal & interest $0 + property tax $234 per month

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Financing breakdown

First mortgage$460,000
CMHC insurance premium$0
Total financing$460,000
Closing costs (est. 1.5%)$8,625
Cash to close(down payment + closing)$123,625
Total interest over term$-575,000
Property tax/mo$234
Yearly payments+ tax$2,804

Rental math

Investment calculator

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Monthly cash flow

$-233

NOI / month

$-233

Cap rate

-0.49%

Gross yield

0.00%

Line itemMonthlyYearly
Gross rent$0$0
Mortgage$0$0
Property tax$234$2,804
Expenses$0$0
Vacancy$0$0
Management$0$0
Cash flow$-233$-2,796
NOI$-233$-2,796
After-repair value (ARV)$821,429

Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.

Get in touch

Have a question?

Send a message and Haris will get back to you — usually the same day.

Talk to Haris

A real person, every time

Buying, selling, or just curious about what your home is worth — no call centres, no runaround.

Haris Barki, REALTOR®
Keller Williams Platinum Realty

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