
MLS #1295966 · Clarenville
7 Vardys Avenue
- Type
- Other
- Agent
- Avery Balsom
- Brokerage
- RE/MAX Eastern Edge Realty Ltd. Clarenville
MLS #1295717Listed March 31, 2026 · 164 days on market
South River
$459,000

Great Investment property in a highly sought after area for rental properties. For sale is this multi-unit apartment building. The building has an excellent occupancy rate and never any vacancies. Well-built property was constructed around 1974 to very high standards as it was originally built for a senior citizen's home and was converted around 2010 for rental units with modern equipment and fixtures. Features 4-2 bedroom and 4-1-bedroom apartments generating great income. Property is located in a nice residential area of South River. Seller will be finishing the exterior siding prior to closing. The Vendor is very respectful to the tenants and all showings will have to be done with discretion and vendor will be present. The pictures are from 2023 as the seller is in the process of replacing the siding on the building and will have it completed prior to any potential sale. (id:66441)
Cost To Own
Homes in a hot market often sell over asking. Model your winning bid, then adjust the financing to see the real cash to close and monthly carrying cost — including default insurance when you put down under 20%.
$459,000
Amortization
Add your monthly carrying costs
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Estimated Monthly Mortgage
$2,188
Cash To Close
$91,800
Estimate only — final costs depend on lender approval, taxes, insurance, and closing costs.
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Elementary Schools
All Hallows Elementary
PublicAmalgamated Academy
PublicHoly Redeemer Elementary
PublicSecondary Schools
Amalgamated Academy
PublicHoly Redeemer Elementary
PublicRoncalli Central High
PublicStraight-line distance from this property. Proximity does not determine enrolment — confirm catchment areas with the Newfoundland and Labrador English School District. School list and grade levels from Statistics Canada's Open Database of Educational Facilities; some locations from OpenStreetMap contributors.
Straight-line distance from this property. Healthcare locations from Statistics Canada's Open Database of Healthcare Facilities; shops, pharmacies and filling stations from OpenStreetMap contributors.