For sale · MLS® 1299239
850 Main Road
Pouch Cove, NL, A0A3L0
List price
$1,749,500
About this propertyMLS® 1299239
Exceptional opportunity to acquire a well-maintained 13-unit residential complex offering immediate income and long-term investment potential. The property consists of 9 spacious two-bedroom townhouses, 3 one-bedroom condo-style apartments, and 1 detached two-bedroom home with an attached garage, providing a diverse rental mix attractive to a wide range of tenants. Each townhouse, approximately 1,400 sq. ft., features a bright and functional layout with a welcoming living room, eat-in kitchen, and convenient powder room on the main level, while the upper floor includes two generously sized bedrooms and a full bathroom. The condo-style apartments, approximately 595 sq. ft., offer comfortable one-bedroom living with an open living area, kitchen, and full bathroom. Completing the complex is a detached two-bedroom home with attached garage, ideal as an on-site property manager's residence or an additional rental unit. All units are currently leased, generating approximately $15,000 per month in gross rental income, making this a turnkey investment opportunity. The property also offers ample parking for tenants and guests, an on-site greenhouse, and beautiful ocean views from msot units. Whether you're looking to expand your portfolio or secure a high-performing multi-unit asset, this property delivers excellent income, strong occupancy, and future potential. Immediate possession available. Don't miss this rare opportunity! *Any applicable HST will be the sole responsibility of the purchaser. (id:56688)
Specifications
Property details
Room by room
Rooms
The essentials
Location, air, flood & taxes
Elevation
50 m above sea level
Air quality now
AQHI 1.82 · Low risk
St. John's station · updated 2:00 a.m.
Property tax
$16,657 / year
≈ $1,388 / month · assessment year 2026
Nearby & drive routes
1 place shown · 3 routes · OpenStreetMap · OSRM
- 40 min to downtown St. John's30.1 km
- 36 min to Memorial University26.7 km
- 37 min to Avalon Mall28.2 km
Groceries 1
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Calculators & neighbourhood
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Plan ahead
Mortgage & investment calculator
Estimated monthly payment
$1,389/mo
Principal & interest $0 + property tax $1,389 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-2,186
NOI / month
$-2,186
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $1,389 | $16,657 |
| Expenses | $798 | $9,576 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-2,186 | $-26,232 |
| NOI | $-2,186 | $-26,232 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
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- Office17 Duffy Place, Suite 200, St. John's
Keller Williams Platinum Realty
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