$624,900
56 Cashin Avenue
Beds
0
Baths
—
Sqft
—
Year
1979
Location
See the block, not just the house.
Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.
About this home
INVESTMENT OPPORTUNITY! This well maintained, 5 unit apartment building, consisting of Two 2-Bedroom units, and 3 Bachelor units, is centrally located in close proximity to MUN, the Avalon Mall, and on all major bus routes. Each of the five units are spacious, bright & comfortable, with most units receiving a modern facelift within the past few years. The two-bedroom units are situated through the front ground-level entry door, and both feature laundry facilities in-unit, great sized kitchen & living rooms, full bathrooms and two spacious bedrooms each. The remaining units are bachelor-style suites, all featuring full-size kitchens, full bathrooms & functional living spaces. The building has received upgrades such as some plumbing, electrical, flooring, paint & interior finishes in the last few years. An abundance of off-street parking is on site, conveniently on the front and the side of the building. Currently, 5 of the units are rented (POU) to great long-term tenants who wish to remain. This is an incredible investment opportunity in an amazing, centralized location in the city! (id:65958)
- Subtype
- Other
- Structure
- Multi-Family
- Common interest
- Freehold
- Living area
- 3,260 square feet
- Lot dimensions
- 50 X 100
- Bedrooms
- 0 above grade, 0 below grade
- On market
- Apr 7, 2026
- Status changed
- Apr 13, 2026
- Annual tax
- $2,665 (2025)
- Zoning
- RES
- Photos
- 34
- MLS#
- 1295855
- Area
- ST._JOHN'S
Features and systems
Appliances
Heating
Exterior
Flooring
Cash on cash
-11.96%
Cap rate
3.50%
GRM
16.7
Break-even rent
$4,436
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: 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.
Lifestyle nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for St. John's. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
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 13, 2026.