556 Empire Avenue St. John’s, Newfoundland & Labrador A1E 1W9

$419,900

Welcome to 556 Empire Avenue — a solid, two-apartment home in a prime, high-demand location between Memorial University, Churchill Square, and downtown St. John’s. This area has long been a hotspot for consistent rental income, with steady demand from students, healthcare workers, and young professionals alike. Walkable, well-connected, and close to absolutely everything — groceries, coffee shops, parks, gyms, transit routes, MUN, the Health Sciences Centre, and downtown’s dining and nightlife — this is the kind of central location investors love. The property is fully occupied with two strong rental streams in place: the upstairs unit is leased at $1,995/month (internet and cable included) until October 1, 2025, with the tenant scheduled to vacate at that time — perfect timing for an owner-occupier or a re-list at market value. The lower unit is bringing in $1,075/month, also including internet and cable, and has been an easy, reliable rental — with the current tenant scheduled to vacate November 30, 2025. Each unit has its own entrance, and the home has been well maintained, making it a solid turn-key addition to your portfolio or an ideal first purchase with major mortgage-helping potential. This stretch of Empire Avenue is filled with classic homes, long-term residents, and investment properties that rarely sit vacant. With rising rental rates in the city, close proximity to major institutions, and a flexible occupancy timeline upstairs, 556 Empire offers immediate income, low vacancy risk, and long-term upside in a location that’s only getting stronger. Whether you’re a seasoned investor or a savvy buyer looking for a foothold in the city, this one is a no-brainer. As per seller’s direction, there will be no conveyance of offers prior to 12:00PM on Monday, June 30th, 2025, to be left open until 3:00PM on Monday, June 30th, 2025. (id:55727)

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