16 Mount Royal Avenue

St. John's A1C 5E4

Excellent investment opportunity in a central St. John’s location. This 7 bedroom, 2.5 bath two apartment home offers strong income potential with tenants already in place and immediate cash flow from day one. Built in 1991, this property is one of the newer two apartment homes you will find in the center city area, offering a solid option for investors or buyers looking to offset mortgage costs with rental income. The property features all new PEX plumbing and a functional layout with plenty of space across both units. The main unit spans two storeys and includes five bedrooms, one and a half baths, and views of Signal Hill from the primary bedroom. The bright two bedroom basement apartment includes its own laundry and separate living space. Currently generating $2,500/month upstairs and $1,200/month downstairs, this property brings in a total of $3,700/month in rental income. With ample off street parking and a highly desirable location close to downtown, MUN, the Health Sciences Centre, shopping, and major amenities, this property presents a strong opportunity for investors or anyone looking for a reliable income property in a high demand rental area. No conveyance of any written signed offers until 1 pm on Sunday May 31, 2026. All offers are to remain open until 6 pm on Sunday May 31, 2026, as per sellers direction. (id:2493)