Residentiae.
For Sale · Newfoundland & Labrador

16 Riverview Avenue

Newfoundland & Labrador · A1N1L9

$849,900

0Bedrooms
Bathrooms
Parking

About this residence

Discover a rare opportunity to own a well-maintained 6-unit multi-family property ideally located in Mount Pearl! The building comprises six three-bedroom units, with all units currently occupied and generating a total monthly income of $5,100. Each unit is self-contained with laundry hook up, tenants responsible for their own heat and electricity—offering an investor a low-maintenance and high-return asset. With a potential annual income exceeding $60,000, this property delivers both strong cash flow and excellent long-term growth potential. Conveniently located, the property offers easy access to amenities, public transit, and shopping, making it a highly desirable location that consistently attracts reliable tenants and steady demand. Minimum 24–48 hours’ notice required for showings. **Property is being sold as is, where is. Any HST applicable is the responsibility of the purchaser. No conveyance of offers until Wednesday, November 19 @ 2:00pm and left open for acceptance until 5:00pm the same day (id:61366)

Property details

Property type
Single Family
Style
Multi-Family
Ownership
Freehold
Bedrooms
0 (0 above)
Lot size
0.24 acres
Year built
1971
Annual tax
$4,867
MLS®
1292570
Board
Newfoundland & Labrador
Status
Inactive
Listed
Nov 14, 2025
Updated
Nov 14, 2025

Features & finishes

Flooring

  • Mixed Flooring

Heating

  • Baseboard heaters
  • Electric

Exterior

  • Brick

Sewer & Utilities

  • Municipal sewage system

Architecture

  • 3 Level

Financing

Mortgage calculator

Estimated monthly payment

$3,975/mo

Amortization

Loan amount

$679,920

Down payment

$169,980

Estimate only. Rates and terms vary by lender and qualification.

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Location & area

Newfoundland & Labrador

About the area

Census · A1N
22,478
Population
46
Median age
$81,000
Median income
$290,000
Median home value
71%
Home ownership
18 min
Avg. commute

Age distribution

0–14
13%
15–24
10%
25–44
26%
45–64
30%
65+
22%

Tenure

71% owners29% renters

Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.

Powered by Neighbourly.io
Good to know

Frequently asked questions

What is the asking price for 16 Riverview Avenue?

16 Riverview Avenue is listed for $849,900, in Newfoundland & Labrador.

How many bedrooms and bathrooms does 16 Riverview Avenue have?

It offers 0 bedrooms and — bathrooms.

What type of home is 16 Riverview Avenue?

16 Riverview Avenue is a Single Family, Multi-Family, built in 1971.

How large is 16 Riverview Avenue?

The home offers a lot measuring 0.24 acres.

What would the monthly mortgage payment be?

With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $3,975. Use the mortgage calculator above to model your own scenario.

What are the annual property taxes?

Property taxes are approximately $4,867 per year.

What is the Newfoundland & Labrador area like?

Newfoundland & Labrador has a population of about 22,478, a median age of 46, a 71% home-ownership rate, with an average commute of about 18 minutes.

What is the average home value in Newfoundland & Labrador?

The median dwelling value in this area is approximately $290,000, based on census data via Neighbourly.

What is the median household income in Newfoundland & Labrador?

The median household income in this area is approximately $81,000.

Private viewings

Arrange a private viewing of 16 Riverview Avenue.

Our advisors offer discreet, personal guidance from first viewing through to closing. We’d be delighted to assist.

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