26 m
Distance
Income-Generating Investment Property with Three Separate Living Spaces! Offering excellent versatility and income potential, this unique property features a two-apartment home plus an additional registered in-law suite with a separate entrance. With two units leased and a third recently renovated, this is an attractive opportunity for investors or buyers looking to offset their mortgage with rental income. The main unit offers 3 bedrooms, a spacious living room, separate dining room, kitchen, laundry, and 1.5 bathrooms, including a half bath in the primary bedroom. Currently leased for $2, 300/month, utilities included. The registered in-law suite features a studio-style kitchen and living area with peninsula, separate bedroom, and 3-piece bathroom. It is currently leased for $1, 100/month, utilities included, and shares an electrical service with the main unit. The 2-bedroom apartment has its own dedicated electrical service and has recently been updated with new flooring throughout and fresh paint. It includes a kitchen, living room, bathroom, and laundry hookups. Currently vacant following renovations, it has a projected rental income of $1, 500/month POU (plus utilities). When fully rented at the stated rates, the property offers potential gross rental income of $4, 900/month ($58, 800 annually), before expenses. The oversized lot features mature trees, a fully fenced rear yard, rear yard access, a storage shed, and two driveways with parking for 7+ vehicles. The roof was newly shingled in 2026. With multiple living spaces, established rental income, additional income potential, and recent upgrades, this property is an excellent opportunity for investors! As per the sellers direction, no offers will be conveyed until Tuesday, November 3rd at 4:00 PM. All offers to remain open until 9:00 PM.
Source: Public Records
Discover key demographics, population statistics, and environmental insights for the St. John's, NL area.
39/100
Car-Dependent
Walk Score ®
31/100
Some Transit
Transit Score ®
29/100
Bikable
Bike Score ®
The average walkability score in the surrounding area is Walk Score: 39/100, Transit Score: 31/100, Bike Score: 29/100.
Source: Realty.com
101 New Cove Road, St. John's, NL A1A 2C2 in St. John's, NL A1A 2C2 is a single family residence listed at $485,000. Highlights include 6 bedrooms, built in 1955. Realty.ca has 33 photos, sales history, school insights, and mortgage tools for this listing.
Realty.com has 33 photos of 101 New Cove Road.
Our records indicate that 101 New Cove Road was built in 1955.
The full address for this home is 101 New Cove Road, St. John's, NL A1A 2C2.
101 New Cove Road has been listed on Realty.com since Wed October 28, 2026
The average walkability score in the surrounding area is Walk Score: 39/100, Transit Score: 31/100, Bike Score: 29/100.
Listing provided courtesy of:
eXp Realty
(tel: (709) 800-0412)
Listing agent:
Andrew Collins
(tel: (709) 743-6715)
This content last refreshed on 2026-11-05 07:46:31. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.