For Sale · Multifamily

2 Learning Street, Happy Valley-Goose Bay

2 Learning Street, Happy Valley-Goose Bay, Newfoundland & Labrador A0P1E0

$599,000 total

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Asset Class

Multifamily

Size

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Building class

C

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

85%

Year Built

1994

About this property

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)

Financial sandbox

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Estimate
Purchase price$599K
Down payment30% · $180K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for 2 Learning Street, Happy Valley-Goose Bay.

NDA required
  • 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.