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$449,900
Newfoundland & Labrador,St. John's
For Sale Active
159 University Avenue, St. John's, Newfoundland & Labrador A1B1Z6
  • 8
  • 2
  • 2,528 Sqft
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Basic Details
Description

This registered two-apartment property offers an exceptional opportunity in one of the city’s most sought-after rental locations, ideally situated next to Memorial University, Prince of Wales Collegiate, the Health Sciences Centre, shopping, recreation, major amenities and bus route in front. Featuring a total of eight bedrooms, the home is configured into two spacious four-bedroom units, each complete with its own

kitchen, living room, four-piece bathroom, and in-unit laundry facilities. The property currently generates $4, 600 in monthly rental income, with each bedroom renting for $575 (with potential of higher) and one room presently vacant, providing immediate income potential with room for further growth. Its prime location makes it highly attractive to students, healthcare professionals, and long-term tenants alike. Extensively renovated from the studs in 2015, the property underwent a comprehensive transformation including all new electrical and plumbing systems, new interior wall framing, kitchens, bathrooms, flooring, insulation, appliances, and the installation of two HRV units. Significant attention was also given to safety, efficiency, and tenant comfort with upgraded sound barriers and fire-rated separation between floors. Exterior improvements completed during the renovation included new shingles, windows, siding, and doors. Additional recent upgrades completed in 2025/2026 include a new bathroom vanity, fresh paint, and vinyl flooring in the basement apartment, along with a new front door and hot water tank in the main unit. The property also provides 4 car off street parking. This turn-key income property combines strong rental returns, extensive upgrades, and an unbeatable central location, making it an outstanding addition to any investment portfolio. (id:62650)

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Basic Details
  • Property Type: Residential
  • Listing Type: For Sale
  • Listing ID: 1299123
  • Price: $449,900
  • Bedrooms: 8
  • Bathrooms: 2
  • Square Footage: 2,528 Sqft
  • Year Built: 1963
  • Status: Active
  • Property Sub Type: Single Family
  • Office Key: 293977
Features & Appliances
Features
  • Heating System: Baseboard heaters, Electric
  • Architectural Style: Bungalow
  • Exterior Features: Vinyl siding
  • Flooring: Mixed Flooring
  • Sewer: Municipal sewage system
Address Map
  • Location: CA, Newfoundland & Labrador, St. John's, A1B1Z6
  • Street: University
  • Street Number: 159
  • Street Suffix: Avenue
  • Longitude: W53° 15' 28.2''
  • Latitude: N47° 34' 0.1''
Additional Information
  • Water Source:
  • Lot Size Dimensions: 53x100
Financial
  • Tax Annual Amount: 2963
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Listing updated: 2026-06-17 18:28:44
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Listing Information
  • List Agent Key: 1906420
  • List Office Key: 293977
  • Modification Timestamp: 2026-06-17T18:00:15Z
  • Originating System Name: Newfoundland & Labrador Association of REALTORS®
  • Status Change Timestamp: 2026-06-17T17:53:29Z
Powered by REALTOR.ca
Listing updated: 2026-06-17 18:28:45
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