120 Craigmillar Avenue St. John's, Newfoundland & Labrador A1E 1Z8
$799,900
Discover an exceptional investment opportunity in the heart of the city with this well-maintained 8-unit multi-family property. The building features seven one-bedroom units and one two-bedroom unit, all of which are currently tenant-occupied and generating a total monthly income of $6,200. With all units self-contained and tenants responsible for their own heat and electricity, this property offers a low-maintenance, high-return investment. Boasting a potential annual income exceeding $70,000, this property provides both strong cash flow and long-term growth potential. Over the past 15–20 years, the building has benefited from numerous upgrades, including new windows and doors, a torched-on roof, updated plumbing and electrical, ensuring reliability and reduced future maintenance costs. Conveniently located in the city centre, this property offers easy access to amenities, public transit and shopping a prime location that continues to attract reliable tenants and steady demand. *Minimum 24-48 hours notice for showings (id:51189)
Property Details
| MLS® Number | 1292238 |
| Property Type | Single Family |
Building
| ConstructedDate | 1965 |
| ExteriorFinish | Other, Wood |
| FlooringType | Mixed Flooring |
| HeatingFuel | Electric |
| Type | Multi-family |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| SizeIrregular | 493.9 Sq Metres |
| SizeTotalText | 493.9 Sq Metres|under 1/2 Acre |
| ZoningDescription | R1 |
https://www.realtor.ca/real-estate/29060703/120-craigmillar-avenue-st-johns
Interested?
Contact us for more information
Michael Samson
(709) 522-6350
33 Pippy Place, Suite 304
St. John's, Newfoundland & Labrador A1B 3X2
(709) 800-0412
Justin Hollett
(709) 522-6350
33 Pippy Place, Suite 304
St. John's, Newfoundland & Labrador A1B 3X2
(709) 800-0412
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November 03 2025 06:23:14
The Newfoundland & Labrador Association of REALTORS®
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