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$579,900

29-33 Waterford Bridge Road, St. John's, Newfoundland & Labrador, A1E 1C5

MLS® # 1280129

21 Beds

5 Baths

Property Information:

Discover an exceptional investment opportunity in the heart of St. John's! This multi-family property features 20 bed-sitting rooms plus a separate one-bedroom apartment, making it an attractive choice for investors looking to maximize rental income potential. Currently configured as a four-unit building, this property offers plenty of possibilities for those with an entrepreneurial spirit. Each unit provides comfortable living spaces, with shared bathroom facilities thoughtfully distributed throughout. The additional one-bedroom apartment adds extra value and flexibility to your investment strategy. The property's location is simply unbeatable - situated in a well-established neighborhood with easy access to downtown amenities, Memorial University, and major transportation routes. Students, young professionals, and working individuals will appreciate the convenient proximity to essential services, shopping, and dining options. Plus it is backing on the beautiful Waterford River. While the property is being sold as-is, it presents an exciting opportunity for investors who can envision its potential. With some strategic renovations and updates, this building could be transformed into an even more attractive rental property. The solid bones and excellent location provide a strong foundation for your investment vision. Perfect for property investors, developers, or entrepreneurs looking to expand their real estate portfolio, this multi-family property combines location advantages with significant income-generating potential. Don't miss this chance to acquire a property with so much untapped potential in one of St. John's most sought-after areas. (id:27)

Building Features:

  • Building Type: Other
  • Exterior Finish: Vinyl siding
  • Flooring Type: Flooring Type
  • Foundation Type: Concrete
  • Heating Fuel: Oil
  • Appliances: See remarks

Property Features:

  • OwnershipType: Freehold
  • Property Type: Other
  • Bedrooms: 21
  • Bathrooms: 5
  • Built in: 2024
  • Irregular: Yes
  • Lot Size: 95x82x98x90
  • Structure Type: Patio(s)
  • Zoning: res
  • Sewer: Municipal sewage system

Rooms:

  • Other Measurements not available

Courtesy of: RE/MAX Realty Specialists

REALTOR.ca  

Location of 29-33 Waterford Bridge Road, St. John's, Newfoundland & Labrador, A1E 1C5

Demographic Information of 29-33 Waterford Bridge Road, St. John's, Newfoundland & Labrador, A1E 1C5

Life Stage

Older Families

Employment Type

Service Sector/White Collar

Average Household Income

$134,154.13

Average Number of Children

1.52

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

24.62 %

High school certificate or equivalent

32.17 %

Apprenticeship trade certificate/diploma

6.44 %

College/non-university certificate

19.02 %

University certificate (below bachelor)

0.35 %

University Degree

17.4 %

Commuter

Travel To Work

By Car

90.39 %

By Public Transit

3.57 %

By Walking

2.13 %

By Bicycle

0.0 %

By Other Methods

3.91 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

6.51 %

Houses

93.49 %

Own Vs. Rent