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101 New Cove Road
101 New Cove Road
NEW
St. John's, Newfoundland & Labrador
$485,000
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Quick Summary
Location
St. John's, Newfoundland & Labrador
Price
$485,000
Building Type
Two Apartment House
Property Type
Single Family
Status
For sale
Area
2268 sqft
Beds
6
Baths
4
Age
n/a
Postal Code
A1A 2C2
MLS®
1304910
Courtesy Of
eXp Realty
Database ID:77447 DDF Feed ID: 30453193 Latitude: 47.581348 Longitude: -52.709038
Property Description
Income-Generating Investment Property with Three Separate Living Spaces! Offering excellent versatility and income potential, this unique property features a two-apartment home plus an additional registered in-law suite with a separate entrance. With two units leased and a third recently renovated, this is an attractive opportunity for investors or buyers looking to offset their mortgage with rental income. The main unit offers 3 bedrooms, a spacious living room, separate dining room, kitchen, laundry, and 1.5 bathrooms, including a half bath in the primary bedroom. Currently leased for $2,300/month, utilities included. The registered in-law suite features a studio-style kitchen and living area with peninsula, separate bedroom, and 3-piece bathroom. It is currently leased for $1,100/month, utilities included, and shares an electrical service with the main unit. The 2-bedroom apartment has its own dedicated electrical service and has recently been updated with new flooring throughout and fresh paint. It includes a kitchen, living room, bathroom, and laundry hookups. Currently vacant following renovations, it has a projected rental income of $1,500/month POU (plus utilities). When fully rented at the stated rates, the property offers potential gross rental income of $4,900/month ($58,800 annually), before expenses. The oversized lot features mature trees, a fully fenced rear yard, rear yard access, a storage shed, and two driveways with parking for 7+ vehicles. The roof was newly shingled in 2026. With multiple living spaces, established rental income, additional income potential, and recent upgrades, this property is an excellent opportunity for investors! As per the seller’s direction, no offers will be conveyed until Tuesday, November 4th at 4:00 PM. All offers to remain open until 9:00 PM. (id:47053)
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Building Information
Building Type: Two Apartment House
6 Beds
4 Baths
1 Half bathroom
Area: 2268 sqft
Baseboard heaters
Electric Heat
Vinyl siding
Flooring: Mixed Flooring
Municipal water
Full Details
General
MLS® Number:
1304910
Ownership Type:
Freehold
Price:
$485,000
Property Type:
Single Family
Transaction Type:
For Sale
Zoning Description:
RES
More Information Link:
https://www.realtor.ca/real-estate/30453193/101-new-cove-road-st-johns
Land
Size Total Text:
75 x 100|under 1/2 acre
Sewer:
Municipal sewage system
Size Irregular:
75 x 100
Building
Bathroom Total:
4
Bedrooms Total:
6
Appliances:
Dishwasher, Washer, Dryer
Constructed Date:
1955
Exterior Finish:
Vinyl siding
Flooring Type:
Mixed Flooring
Half Bath Total:
1
Heating Fuel:
Electric
Heating Type:
Baseboard heaters
Roof Material:
Asphalt shingle
Roof Style:
Unknown
Size Interior:
2268 sqft
Type:
Two Apartment House
Utility Water:
Municipal water
Rooms
Level
Type
Dimensions
Basement
Not known
13 x 6
Basement
Bath (# pieces 1-6)
3 PC
Basement
Not known
12 x 6
Basement
Kitchen
13 x 8
Basement
Not known
x 0
Basement
Bath (# pieces 1-6)
4 PC
Basement
Not known
10 x 12
Basement
Not known
12 x 9
Basement
Not known
12 x 11
Basement
Not known
13 x 10
Main level
Ensuite
2PC
Main level
Bath (# pieces 1-6)
4PC
Main level
Bedroom
14 x 9
Main level
Bedroom
11 x 9
Main level
Bedroom
13 x 10
Main level
Laundry room
9 x 3
Main level
Kitchen
13 x 8
Main level
Dining room
13 x 12
Main level
Living room
20 x 14
Listing information last updated on 2026-10-28 15:02:17 -0230
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