Property Description

An exceptional investment opportunity in the heart of Georgestown, one of St. John’s most sought-after and supply-constrained neighbourhoods. This well-maintained three-unit property offers a rare blend of heritage character, strong in-place income, and long-term upside in a market where quality rental inventory remains limited and increasingly competitive. Each unit is self-contained with its own laundry and a functional one-bedroom layout. Unit A stands out as the most spacious, featuring a private backyard with excellent gardening space, a renovated kitchen, dedicated dining area and office, ornate fireplace, and the added benefit of off-street parking. This unit also includes a dry, mostly undeveloped basement ideal for storage, a feature not commonly found in comparable multi-unit properties. The second and third floor units are both bright and inviting. Unit B showcases a clean white kitchen paired with exposed brick and elegant fireplaces, while Unit C offers a private patio with seasonal views toward Signal Hill, creating a unique tenant experience that supports strong retention and rental appeal. Fully occupied with quality tenants, this property is positioned in a neighbourhood that continues to see reinvestment and rising demand. With limited ability to add new housing supply in central areas and increasing interest from both local and out-of-province investors, assets like this are becoming harder to replicate. Whether you are looking to secure a stable, income-producing property or position yourself for long-term appreciation in a high-demand rental market, 11 Maxse Street represents a compelling opportunity in one of the city’s most proven locations. (id:7434)