199 Frecker Drive St. John's, Newfoundland & Labrador A1E 5H5

$389,900

Located at 199 Frecker Drive in St. John’s, this registered two-unit home offers an exceptional investment opportunity in a prime location just steps from Brookfield PharmaChoice, Topsail Rd Dental, Planet Fitness, Tim Hortons, Starbucks, and mere minutes from Sobeys and the Village Mall. Situated on a bus route and close to St. Matthew’s and Cowan Heights Elementary schools, with Watervalley High School a short drive away, the property boasts 2,200 square feet of living space divided between two tenant-occupied apartments. The upstairs unit features four bedrooms and one bathroom, currently leased until June 2026 at $1,800/month POU, while the downstairs unit includes three bedrooms and one bathroom, with a lease expiring September 4, 2025, and rents for $1,100/month POU. Over the past four years, the home has undergone extensive renovations including new siding, basement windows, and front steps and back patios. Plumbing has been upgraded to PEX, 90% of the electrical system has been replaced, and both units have received new flooring, interior doors, and significant drywall updates. The kitchen cabinets have been freshly painted, the main unit’s patio door replaced, and the property includes two new hot water boilers along with new washer and dryer sets. Viewings start September 2nd. There is a Seller Direction in place with any offers not being accepted until 12pm on September 8th. Offers that are presented should be left open for response until 5pm that day. (id:55727)

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