346 HIGHWAY EAST
Newfoundland & Labrador · A1Y1C6
$799,999
About this residence
Investment opportunity. This 14-unit apartment building generates approximately $120,000 per year gross income with operating expenses of approx. $19,000 this a great investment property with a very positive cash flow. The property is usually fully occupied. The owner only in the past 2 years installed metal roofing over the entire building. Located in the heart of Victoria close to school and in a good area. This property is presently financed with a financial institution, and the list price is less than a recently completed professional appraisal of the subject property. This is a great opportunity for an investment property and sale is HST applicable. (id:61366)
Property details
- Property type
- Single Family
- Style
- Multi-Family
- Ownership
- Freehold
- Bedrooms
- 0 (0 above)
- Living area
- 6,603 sq ft
- Lot size
- 99 x 245 x 108 x 241'
- Year built
- 1960
- Annual tax
- $3,808
- MLS®
- 1293025
- Board
- Newfoundland & Labrador
- Status
- Inactive
- Listed
- Dec 1, 2025
- Updated
- Dec 1, 2025
Features & finishes
Appliances
- Refrigerator
- Stove
Flooring
- Laminate
- Other
Heating
- Baseboard heaters
- Electric
Exterior
- Vinyl siding
Foundation
- Concrete
Sewer & Utilities
- Municipal sewage system
Financing
Estimated monthly payment
$3,741/mo
Loan amount
$639,999
Down payment
$160,000
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Newfoundland & Labrador
Nearby
About the area
Census · A1Y- 5,436
- Population
- 52
- Median age
- $58,000
- Median income
- $200,000
- Median home value
- 77%
- Home ownership
- 22 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 346 HIGHWAY EAST?
346 HIGHWAY EAST is listed for $799,999, in Newfoundland & Labrador.
How many bedrooms and bathrooms does 346 HIGHWAY EAST have?
It offers 0 bedrooms and — bathrooms.
What type of home is 346 HIGHWAY EAST?
346 HIGHWAY EAST is a Single Family, Multi-Family, built in 1960.
How large is 346 HIGHWAY EAST?
The home offers approximately 6,603 sq ft of living space on a lot measuring 99 x 245 x 108 x 241'.
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 $3,741. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $3,808 per year.
What is the Newfoundland & Labrador area like?
Newfoundland & Labrador has a population of about 5,436, a median age of 52, a 77% home-ownership rate, with an average commute of about 22 minutes.
What is the average home value in Newfoundland & Labrador?
The median dwelling value in this area is approximately $200,000, based on census data via Neighbourly.
What is the median household income in Newfoundland & Labrador?
The median household income in this area is approximately $58,000.
Private viewings
Arrange a private viewing of 346 HIGHWAY EAST.
Our advisors offer discreet, personal guidance from first viewing through to closing. We’d be delighted to assist.