





1/72 Learning Street, Happy Valley-Goose Bay, Newfoundland & Labrador A0P1E0
$599,000 total
—
Asset Class
Multifamily
Size
—
Building class
C
Zoning
RF6 — Medium Density
$ / SF
—
Occupancy
85%
Year Built
1994
2 Learning Drive | Happy Valley–Goose Bay, NL RARE INVESTMENT OPPORTUNITY IN A STRONG RENTAL MARKET! Looking to expand your investment portfolio or take advantage of the continued growth and demand for rental properties in Happy Valley–Goose Bay? Look no further then 2 Learning drive! This fantastic four plex offers four self-contained units, each featuring 2 bedrooms and 1 bathroom, making it an excellent opportunity for investors seeking a multi-unit residential property with established, long-term tenants. Three of the four units have received updates, including flooring and other improvements. Each unit comes equipped with a fridge and stove, its own 200-amp electrical service, an air exchanger, and vinyl windows. Please note that washers and dryers are tenant-owned and are not included in the sale. Situated on a generous 100' x 200' lot, this property offers ample outdoor space. The shingles were replaced approximately six years ago, providing another notable improvement to the building. With long-term tenants already in place, this property presents an attractive opportunity for investors looking to enter or expand within the local rental market. PLEASE NOTE: This property is being sold strictly ""AS IS, WHERE IS,"" and all offers are to be submitted with this understanding. Multi-unit investment properties like this are a rare find in today's market! With continued growth in Happy Valley–Goose Bay and strong demand for rental accommodations, now is a great time to explore the potential of this investment. Don't miss your opportunity to add this four plex to your real estate portfolio! Act now and make 2 Learning Drive your next investment! A sellers direction is in place, no offers will be presented until November 17, 2026 at 5pm, offers will remain open for acceptance until 9pm. Clients must be pre-approved. (id:66811)
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Monthly debt service
$3K
Projected NOI
$21K
Annual cash flow
$-12K
Cash-on-cash
-6.74%
DSCR
0.63
Going-in cap
3.52%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
66,692
Households
23,696
Median income
$123,500
Median age
36.9
Daytime population
63,589
5-yr growth
6%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 2 Learning Street, Happy Valley-Goose Bay.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.