Property Description

INCOME PROPERTY IN DOWNTOWN ST. JOHN’S: two registered, FULLY FURNISHED AND EQUIPPED EXECUTIVE apartments. The upper unit was most recently rented at $2,800/month ($33,600/year), an 8.4% gross return on the list price from that unit alone, before any income from the second apartment. Separate meters and electric heat. Buy it as a turnkey investment, or live in one unit and let the other carry a large share of your mortgage. 119 LONG'S HILL: Spanning the second and third floors, this spacious two-bedroom residence features a bright living and dining area, updated IKEA kitchen, renovated bathroom, hardwood and ceramic flooring, electric fireplace, and in-unit laundry. Upstairs are two generous bedrooms with ample closet space, including a walk-in closet, and beautiful views of St. John's Harbour. Window seals in three top-floor bedroom windows were replaced in October 2024. 121 LONG'S HILL: Recently converted from commercial to residential use and fully inspected by the City of St. John's, this beautifully updated main-floor apartment features a private entrance, bright open-concept living and dining areas, modern kitchen with white cabinetry, a comfortable bedroom, and full bathroom with a corner shower. The substantial basement offers excellent additional storage space. Electric heating throughout, separate meters, 100-amp panel for 119 and 200-amp panel for 121 Long's Hill. New torch-on roof installed in 2021. On-street parking with municipal permits subject to City approval. (id:7434)