$629,000
34-40 Georgia Drive
Beds
0
Baths
—
Sqft
—
Year
1965
Type
Other
Suite
Suite potential
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Stephenville. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Turnkey 5-Unit Apartment Building – Exceptional Investment Opportunity An outstanding opportunity for investors or those looking to expand their rental portfolio. This well-maintained, income-generating 5-unit apartment building offers a rare combination of space, privacy, and recent upgrades—making it a truly turnkey investment. Property Highlights This multi-unit property features: - Four (4) spacious 3-bedroom apartments – Generously sized units ideal for families and long-term tenants - One (1) executive 3-bedroom apartment, offering premium features including: Two full bathrooms Private, fully fenced yard Dedicated private storage shed The executive unit is perfectly suited for an owner-occupier or as a high-end rental, adding flexibility and increased revenue potential. Recent Upgrades & Features Extensively improved over the past year, this property is designed for long-term performance and reduced maintenance: - New oil tank - New hot water tanks - Numerous upgrades throughout the building - Ample basement storage for tenants or owner use - Two on-site sheds (one private to the executive unit, one shared) - Executive unit pays its own heat and electricity, lowering operating costs Investment Appeal - Strong and stable rental income potential - True turnkey property with minimal immediate capital requirements - Diverse unit mix enhances rental demand and flexibility - Consistently maintained building with pride of ownership - Highly attractive to families, professionals, and long-term tenants This is a rare opportunity to acquire a versatile, upgraded multi-unit property in excellent condition. (id:65958)
- Subtype
- Other
- Structure
- Multi-Family
- Common interest
- Freehold
- Lot dimensions
- 153 x 105 ( 163 x 131 )
- Bedrooms
- 0 above grade, 0 below grade
- On market
- Apr 20, 2026
- Status changed
- Apr 20, 2026
- Annual tax
- $2,804 (2026)
- Zoning
- RES
- Photos
- 18
- MLS#
- 1296337
- Area
- STEPHENVILLE
Features and systems
Heating
Flooring
Foundation
Cash on cash
-6.79%
Cap rate
3.51%
GRM
16.6
Break-even rent
$3,899
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 20, 2026.