For sale · MLS® 1299935
346 Highway East
Victoria, NL, A0A3B0
List price
$799,999
About this propertyMLS® 1299935
Investment opportunity. This 14-unit apartment building generates approximately $130,000 per year gross income with operating expenses of approx. $19,000 this a great investment property with a very positive cash flow. The property is usually fully occupied. The owner only in the past couple of years installed metal roofing over the entire building. Located in the heart of Victoria close to school and in a good area. This property is presently financed with a financial institution, and the list price is less than a recently completed professional appraisal of the subject property. This is a great opportunity for an investment property. (id:56688)
Specifications
Property details
Room by room
Rooms
The neighbourhood
Victoria at a glance
Live market stats for Victoria — what's for sale, what it costs, and how it compares to nearby towns.
Homes for sale here
15
Median list price
$130k
Price range
$30k – $800k
Typical build
1980
Average size
2,143 sqft
Where Victoria listings are priced
Every active list price in Victoria, grouped into bands.
List price, thousands of $ · 15 homes
View as table
| Price band ($) | Listings |
|---|---|
| <200 | 13 |
| 200–300 | 1 |
| 750–1M | 1 |
How Victoria compares
Median list price against the next biggest markets — click a row for that area guide.
The essentials
Location, air, flood & taxes
Elevation
19 m above sea level
Air quality now
AQHI 1.82 · Low risk
St. John's station · updated 2:00 a.m.
Property tax
$2,702 / year
≈ $225 / month · assessment year 2026
Nearby & drive routes
3 places shown · 3 routes · OpenStreetMap · OSRM
- 92 min to downtown St. John's115.2 km
- 91 min to Memorial University114 km
- 96 min to Avalon Mall120.7 km
Schools 1
Parks 2
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
$226/mo
Principal & interest $0 + property tax $226 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-999
NOI / month
$-999
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $226 | $2,702 |
| Expenses | $774 | $9,288 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-999 | $-11,988 |
| NOI | $-999 | $-11,988 |
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.
- Call or text416-873-4676
- Emailharis@barki.co
- Office17 Duffy Place, Suite 200, St. John's
Keller Williams Platinum Realty
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