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22-26 Campbell Avenue St. John's, Newfoundland & Labrador A1E 2Z2

Baseboard Heaters

$499,900

Multi-unit building with positive net operating cash flow as is! Featuring 3 residential units, a studio/workshop with access to basement storage, and a parking pad, plus on-street parking. All units (aside from the 'bachelor unit'), are freshly painted and vacant. Exterior painted 2023. All electric heat, breaker panels, 4 electrical meter / panels. Commercial torch-on roof ~15 years old. Effective age is estimated around 30 years. PROPERTY BREAKDOWN: (26) 2-Storey House w/3 beds + 1.5 baths + office + laundry. Est $2200 POU. (24) Loft w/2 beds + 1 bath + office + laundry. Est $1850 POU. (22a) Bachelor-unit w/1 bed, 1 bath. Current $675 POU. (22) Studio w/1 half bath with ~2,000sqft basement storage - all on one meter. Est $1,000 workshop, $1,000 basement. ESTIMATED RENTAL INCOME: $6725/m POU. $80,700/y, Estimated operating expenses (mortgage cost not included): $37,484/y. Estimated net operating income $43,216/y. ZONING: Current zoning R2. Registered as 3 unit with the city (grandfathered). Once upon a time the workshop / storage had commercial zoning that was removed. Vendor has been using the space for their business purposes. Lots of development opportunity! LOCATION: Perfectly located within walking distance to the downtown core and centre city, St. Clare's Hospital, many nearby amenities, and on bus routes. Vibrant area with lots of new commercial and residential development. Including development on the old Grace Hospital site! (Short term rental potential!) A perfect time to buy. Don't delay, this is one to hop on. (To see listing for a bundle of the building + building lot at 18-20 Campbell avenue view MLS 1274133). (id:18358)

Property Details

MLS® Number 1274125
Property Type Single Family
Equipment Type None
Rental Equipment Type None

Building

Constructed Date 1910
Construction Style Attachment Detached
Exterior Finish Wood
Flooring Type Hardwood, Laminate, Mixed Flooring
Foundation Type Concrete
Heating Fuel Electric
Heating Type Baseboard Heaters
Type Multi-family
Utility Water Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
Size Irregular 3642 Sqft
Size Total Text 3642 Sqft|0-4,050 Sqft
Zoning Description R2

https://www.realtor.ca/real-estate/27098471/22-26-campbell-avenue-st-johns

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