172 Pennywell Road
St. John's, Newfoundland & Labrador A1C2L6

ATTENTION INVESTORS! Revenue potential of $40,000+ annually, this registered 3-unit, city center property presents a unique opportunity for the savvy investor or those looking to live mortgage free! This detached home, situated on an oversized lot, provides off-street parking in the front and also at the rear. The property is divided into 3 flats, all with electric heat and separate meters. The bright and spacious 2-bedroom main floor unit (currently owner occupied) consists of a large living room with hardwood floor, kitchen with tons of cabinetry space/storage, in-unit laundry and access to the deck, two bedrooms and main 4-piece bathroom. Upstairs houses a charming 1-bedroom apartment with living room, kitchen and 3-piece bathroom (currently rented to excellent tenant paying $900/month POU). The ground level apartment, with grade level entry, consists of a living room, kitchen, bedroom and 4-piece bathroom. This well-kept home is ideally located within walking distance to the downtown core, Memorial University and Health Sciences Centre and conveniently situated on a bus route. Recent improvements include front retaining wall, exterior paint, new exterior doors for front and basement, and shingles replaced in 2020. Don’t miss out! Offers to be submitted by Friday, February 28 @ 12pm and left open for acceptance until Friday, February 28 @ 5pm (29231721)