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$599,900 total
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Asset Class
Specialty
Size
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Building class
A
Zoning
DC2 — Site Specific
$ / SF
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Occupancy
90%
Year Built
1930
Welcome to this Registered three-unit income property, ideally located in the heart of downtown St. John's, just steps from George Street, The Rooms, the Convention Centre, and the waterfront. Offering an exceptional combination of location, versatility, and income potential, this property presents a rare opportunity to own a turnkey triplex in one of the city's most desirable areas. The property features three self-contained apartments, each offering its own distinct appeal. The upper-level unit features two bedrooms, a spacious living room with electric fireplace, separate dining area, and a well-equipped kitchen. The primary bedroom offers direct access to a private patio with beautiful views of the harbour and Narrows. Adding a unique touch, the living room was also featured as a filming location in the 2013 comedy ""The Grand Seduction"". The ground-floor unit offers a bright and comfortable one-bedroom with additional sleeping accommodations in the living room. A private patio overlooking the harbour provides the perfect place to relax and enjoy the surrounding scenery. The third unit is a welcoming two-bedroom apartment featuring its own in-suite laundry, private access to a fully fenced backyard, and a functional layout with a flexible dining and living area. Situated in a highly walkable downtown neighbourhood, residents and guests can enjoy easy access to restaurants, entertainment, shopping, cultural attractions, and the waterfront. Whether you're an investor looking to expand your portfolio, an owner seeking additional rental income, or someone looking for a multi-generational living arrangement, this property offers tremendous flexibility and opportunity. As a short term rental this property has grossed over $115,000 for 4 of the last 5 years with 2026 on track to be the best year yet. Per Seller’s Direction, no conveyance of written signed offers before 11:00am November 10, 2026; offers must remain open until 4:00 PM that day. (id:66811)
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Monthly debt service
$3K
Projected NOI
$41K
Annual cash flow
$8K
Cash-on-cash
4.58%
DSCR
1.25
Going-in cap
6.92%
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
76,924
Households
26,818
Median income
$67,500
Median age
40.9
Daytime population
90,986
5-yr growth
2.1%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 68-70 Carters Hill, St. John's.
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.