10 Unit Apartment Building for Sale in Placentia Bay Newfoundland
Canada, HampshireAsking Price: £345,000
Status:
FOR SALE
Date Submitted:
05/04/26
Advert ID:
3799
Business Details
High-Yield 10-Unit Apartment Investment – Under-Rented, Value Add Opportunity, Canada
€345,000 | High-Yield Canadian Apartment Investment
An excellent opportunity to acquire a 10-unit residential investment property located in Placentia Bay, Newfoundland, Canada. This asset offers strong existing cash flow with clear upside potential.
PROPERTY OVERVIEW
10 total residential units
6 × 2-bedroom apartments
1 × 1-bedroom unit
3 × bachelor units
The building is currently tenanted with stable occupants, though not operating at full occupancy providing an opportunity to increase income.
FINANCIAL SUMMARY
Gross Income: ~$70,000 CAD (~€48,000 EUR)
Net Operating Income: ~$46,500 CAD (€32,000 EUR)
• Estimated Cap Rate: ~9.3%
VALUE ADD OPPORTUNITY
Rents have not been increased in approximately six years, offering immediate potential for a new owner to improve rental income and overall returns.
Additionally, current vacancy allows for further income optimization upon stabilization.
LOCATION
Situated in Placentia Bay, Newfoundland, in close proximity to the Argentia Port—a key shipping and industrial hub supporting long-term economic activity in the region.
INVESTMENT HIGHLIGHTS
Strong existing cash flow
Under rented units with upside potential
Opportunity to increase occupancy
Long-term tenants in place
Coin operated laundry income potential
•Separate electrical meters
ADDITIONAL NOTE
Serious inquiries only. Financials available upon request.
Listing Statistics
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