Button CopyPathCircle CloseCircle Left ArrowArrow Down Icon GreyClosecirclecircleBurger
Image 1
Image 2
Image 3
$779,000

140-142 Gower Street, St. John's, Newfoundland & Labrador, A1C 1P3

QuickQuoteTM: Not Available
MLS® # 1282109

Property Information:

Why should you invest in 140-142 Gower Street? This exceptional downtown St. John’s property offers a rare combination of historic charm, modern functionality, and incredible income potential. With four occupied rental units already generating revenue and a fifth unit ready to be developed, this is a turnkey investment with built-in growth opportunities. Located in one of the city’s most sought-after neighborhoods, tenants will love being surrounded by boutique cafés, top-rated restaurants, and a lively nightlife scene. 140 Gower Street features three distinct apartments: a cozy 1-bedroom, 1-bathroom studio on the ground level, a spacious 2-bedroom, 1-bathroom unit on the second level, and a unique 3-bedroom, 1.5-bathroom apartment spanning both 140 and 142 Gower Street, offering elevated city living. 142 Gower Street boasts a bright and inviting 2-bedroom main unit, complete with a massive eat-in kitchen perfect for entertaining or expanding dining space. At the rear of the property, the groundwork has already been completed for a fifth unit. With a roughed-in bathroom and kitchen, this space is primed for development, offering a straightforward opportunity to increase rental income. With minimal effort, this unfinished unit can be transformed into a fully functional rental, making it an ideal addition to an already revenue-generating property. Whether you're looking for a solid long-term investment, a multi-generational living space, or a property with exciting renovation potential, this versatile opportunity delivers. Don’t miss your chance to own a piece of downtown St. John’s—schedule your viewing today! (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Construction Style - Attachment: Attached
  • Exterior Finish: Other
  • Flooring Type: Carpeted, Hardwood, Laminate, Flooring Type
  • Heating Type: Baseboard heaters
  • Heating Fuel: Electric
  • Appliances: Refrigerator, Stove, Washer, Dryer

Property Features:

  • OwnershipType: Freehold
  • Property Type: Single Family
  • Built in: 1925
  • Fence Type: Partially fenced
  • Irregular: Yes
  • Lot Size: 40x75
  • Zoning: Residential
  • Sewer: Municipal sewage system

Courtesy of: Atlantic Team Realty Incorporated

REALTOR.ca  

QuickQuoteTM Powered by RPS

Location of 140-142 Gower Street, St. John's, Newfoundland & Labrador, A1C 1P3

Demographic Information of 140-142 Gower Street, St. John's, Newfoundland & Labrador, A1C 1P3

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$139,681.73

Average Number of Children

1.66

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

10.61 %

High school certificate or equivalent

22.36 %

Apprenticeship trade certificate/diploma

2.51 %

College/non-university certificate

15.21 %

University certificate (below bachelor)

1.21 %

University Degree

48.1 %

Commuter

Travel To Work

By Car

63.96 %

By Public Transit

5.75 %

By Walking

27.28 %

By Bicycle

0.41 %

By Other Methods

2.6 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

44.05 %

Houses

55.95 %

Own Vs. Rent