70 Mayor Avenue

Attention students, investors, and first-time home buyers! This RENOVATED duplex with MAJOR COMPONENTS UPGRADED offers unbeatable convenience and solid rental returns in the heart of St. John`s. Corner lot with off-street parking. Centrally located on bus routes with walking distance to Memorial University, downtown St. John`s, supermarkets, hospitals, and shopping. Main unit is a beautiful bright and welcoming with 9-foot ceilings, large family room plus living room, large eat-in kitchen, own laundry room, and attractive laminate and ceramic flooring. Rear unit is a bright and spacious 2-bedroom apartment with beautiful hardwood floors, pine wood decor throughout, large eat-in kitchen, own laundry room, and new deck. Both units have independent electrical meters and separate heating systems and are well-maintained and move-in ready. MAJOR RECENT UPGRADES completed March-May 2025 include complete electrical overhaul with new wiring to code, dual meter system (200/100 amp), new lighting, new electric hot water furnace and hot water tank, brand new roof, apartment deck and exit door, new ceilings, flooring, kitchen countertop, crown mouldings in main unit, and fresh paint and new toilets in both units. Heat pump heads were installed in 2024. Previous upgrades from 2018 include blown-in insulation, vinyl siding, and many new windows. Strong rental income of $1,700 per unit totalling $40,800 annually(potentially). Perfect for investors seeking reliable rental income or owner-occupants looking to offset mortgage costs. The prime location ensures consistent tenant demand from MUN students and young professionals. Excellent potential for Airbnb rentals. No conveyance of offers before Friday, June 6 @ 5:00 p.m. (id:9704)