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MLS® #1304398Listed October 26, 2026
Labrador City
$668,000
EXCELLENT INVESTMENT OPPORTUNITY IN LABRADOR CITY! This extensively renovated, two-storey, four-unit residential apartment building offers an exceptional investment opportunity in a convenient, central Labrador City location. Featuring four spacious two-bedroom apartments, each unit has undergone extensive interior renovations within the past year and comes complete with appliances, individual electric baseboard heating, and separate electrical meters. The property has also benefited from substantial exterior upgrades completed throughout 2025–2026, including new windows, roofing, and siding, providing a refreshed exterior and added value for years to come. Shared laundry facilities, complete with washers and dryers, are conveniently located in the basement. The basement also offers excellent potential for future development, providing additional possibilities for maximizing the property’s use. Offering approximately 2,176 square feet of building space on an 8,503-square-foot lot, this property is ideally situated along a main road, providing convenient access to shopping, schools, recreational facilities, and other local amenities. With extensive renovations already completed, four self-contained residential units, and a desirable central location, this is an outstanding opportunity for investors looking to expand their rental property portfolio in Labrador City! (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%.
$668,000
Amortization
Add your monthly carrying costs
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Estimated Monthly Mortgage
$3,185
Cash To Close
$133,600
Estimate only — final costs depend on lender approval, taxes, insurance, and closing costs.
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For sale nearby
Homes for sale near 102-108 Avalon Drive at a similar price.
Market
From current MLS® listings for Labrador City. Counts only; sold prices are not published.
Elementary Schools
Centre educatif l'ENVOL
FrancophoneA. P. Low Primary
PublicJ.R. Smallwood Middle School
PublicSecondary Schools
Centre educatif l'ENVOL
FrancophoneMenihek High School
PublicJ.R. Smallwood Middle School
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.