16 Riverview Avenue
Newfoundland & Labrador · A1N1L9
$849,900
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
Estimated monthly payment
$3,975/mo
Loan amount
$679,920
Down payment
$169,980
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Newfoundland & Labrador
Nearby
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
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently 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.
Similar residences
Comparable Multi-Family near Newfoundland & Labrador at a similar price.
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.




