Property Description

Prime Investment Opportunity in Central St. John's! 2 unit property located on the corner of 1 Aldershot Street and 140 Merrymeeting Road, this versatile two-apartment property offers exceptional potential for savvy investors or home buyers looking for a mortgage helper. Unit 1 (140 Merrymeeting Road) — Move-In Ready: Extensively renovated and thoughtfully laid out. The main level features a spacious living area, functional kitchen, dedicated laundry/storage space, and a primary bedroom complete with a walk-in closet and half bath. Upstairs offers two additional bedrooms an office and a full bathroom. Upgrades include a new municipal water service, sewer vent, and new shingles (2019). Unit 2 (1 Aldershot Street) — High-Potential Project: Approximately 60–70% renovated, with major structural updates already complete, including new siding, windows, electrical service (2021), and shingles. Most remaining building materials needed to finish the project—including kitchen cabinetry and a bathroom vanity—are included in the purchase price! Bonus Parcel & Development Potential: The property includes an additional parcel of land offering fantastic versatility—ideal for a private garden, a large detached garage, or possible future development (the city previously approved plans for two additional units on this lot in 2005). Note: Any development, lot subdivision, or city approvals are to be verified and completed at the purchaser's expense. (id:7434)