101-103 LeMarchant Road- For Sale
Don’t let this investment opportunity slip by.
The building façade is in great condition and with a few infrastructure modification and a little creative marketing, free cash flow from this investment can be very significant.
With four two bedroom apartments and one commercial main floor unit, the current estimate of available rental income, fully occupied could be in excess of $80,000 per annum and if one converts to separate meters with mini split heating / air conditioning as a substitute for the oil furnace, operating costs would be cut back be a very significant amount making this one of the best rental investments in St. John’s
With a walking score of 89 out of 100, this location is ideally suited for an AIRBNB operation, which would maximize cash flow for an investor.
It is a location from which students can walk to Memorial University and from where tourists and other guests can readily walk down the hill to the Downtown.
HST applicable to commercial portion and not to residential, can be offset input tax credit for registrant
Take a drive by and then call Chris O’Dea, listing agent at 685-6559 for an appointment to view
Asking price $449,500
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