For sale · MLS® 1304531
151 Springfield Road
South River, NL, A0A3W0
List price
$344,900
About this propertyMLS® 1304531
Great Investment property in a highly sought after area for rental properties. For sale is this multi-unit apartment building. The building has an excellent occupancy rate and never any vacancies. Well-built property was constructed around 1974 to very high standards as it was originally built for a senior citizen's home and was converted around 2010 for rental units with modern equipment and fixtures. Features 4-2 bedroom and 4-1-bedroom apartments generating great income. Property is located in a nice residential area of South River. The Vendor is very respectful to the tenants and all showings will have to be done with discretion and vendor will be present. No interior pictures available. (id:56688)
Specifications
Property details
Room by room
Rooms
The essentials
Location, air, flood & taxes
Elevation
26 m above sea level
Air quality now
AQHI 1.82 · Low risk
St. John's station · updated 2:00 a.m.
Property tax
$1,629 / year
≈ $136 / month · assessment year 2026
Nearby & drive routes
1 place shown · 3 routes · OpenStreetMap · OSRM
- 67 min to downtown St. John's82.5 km
- 66 min to Memorial University81.3 km
- 71 min to Avalon Mall88 km
Groceries 1
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
$136/mo
Principal & interest $0 + property tax $136 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-431
NOI / month
$-431
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $136 | $1,629 |
| Expenses | $296 | $3,552 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-431 | $-5,172 |
| NOI | $-431 | $-5,172 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
Get in touch
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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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