New$399,999
6 Organ Place
St. John's, NL
MLS® 1297996
Inquiries handled by Chris Morrison's Team
2-Apartment · MLS® 1297540
16 Mount Royal Avenue
St. John's, NL A1C 5E4
$329,000
Just listedListed today
7
Bedrooms
3
Bathrooms
2,400 sq ft
Living Area
1991
Year Built
About This Property
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.
Street view
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Property Details
Property Type2-Apartment
StatusActive
MLS®1297540
HeatingElectric
FoundationConcrete
GarageNone
Postal CodeA1C 5E4
Listed2026-05-26
Updated2026-05-26
Location
Listing courtesy of Royal LePage Vision Realty — NLAR MLS® #1297540
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The information contained on this page is based in whole or in part on information that is provided by members of The Canadian Real Estate Association, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy. Listings are updated daily. Royal LePage Turner Realty (2014) Inc. is a member of The Canadian Real Estate Association.
REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned or controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service®, and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.