For sale · MLS® 1304398
102-108 Avalon Drive
Labrador City, NL, A2V1K4
List price
$668,000
About this propertyMLS® 1304398
EXCELLENT INVESTMENT OPPORTUNITY IN LABRADOR CITY! This extensively renovated, two-storey, four-unit residential apartment building offers an exceptional investment opportunity in a convenient, central Labrador City location. Featuring four spacious two-bedroom apartments, each unit has undergone extensive interior renovations within the past year and comes complete with appliances, individual electric baseboard heating, and separate electrical meters. The property has also benefited from substantial exterior upgrades completed throughout 2025–2026, including new windows, roofing, and siding, providing a refreshed exterior and added value for years to come. Shared laundry facilities, complete with washers and dryers, are conveniently located in the basement. The basement also offers excellent potential for future development, providing additional possibilities for maximizing the property’s use. Offering approximately 2,176 square feet of building space on an 8,503-square-foot lot, this property is ideally situated along a main road, providing convenient access to shopping, schools, recreational facilities, and other local amenities. With extensive renovations already completed, four self-contained residential units, and a desirable central location, this is an outstanding opportunity for investors looking to expand their rental property portfolio in Labrador City! (id:56688)
Specifications
Property details
Room by room
Rooms
The neighbourhood
Labrador City at a glance
Live market stats for Labrador City — what's for sale, what it costs, and how it compares to nearby towns.
Homes for sale here
14
Median list price
$377k
Price range
$275k – $2.1M
Typical build
1975
Average size
9,810 sqft
Where Labrador City listings are priced
Every active list price in Labrador City, grouped into bands.
List price, thousands of $ · 14 homes
View as table
| Price band ($) | Listings |
|---|---|
| 200–300 | 2 |
| 300–400 | 6 |
| 400–500 | 1 |
| 500–750 | 3 |
| 1M+ | 2 |
How Labrador City compares
Median list price against the next biggest markets — click a row for that area guide.
Labrador Citynearby markets
The essentials
Location, air, flood & taxes
Elevation
541 m above sea level
Air quality now
AQHI 1.72 · Low risk
Labrador City station · updated 1:00 a.m.
Property tax
$2,141 / year
≈ $178 / month · assessment year 2026
Climate
Jan -17° · Jul 19°
normal daily high · WABUSH LAKE A station · 1991–2020
Nearby & drive routes
18 places shown · OpenStreetMap · OSRM
Schools 8
Groceries 1
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
$179/mo
Principal & interest $0 + property tax $179 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-834
NOI / month
$-834
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $179 | $2,141 |
| Expenses | $656 | $7,872 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-834 | $-10,008 |
| NOI | $-834 | $-10,008 |
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
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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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