$23,900,000

QuickQuote^TM: Not Available

Gander NL, A1V 1X3

MLS® # 1288496

Property Information:

Smart opportunity to invest in 3 apartment buildings with a total of 169 residential units (55 one bedroom, 106 two bedroom & 8 three bedroom). Outstanding location for those seeking a convenient living experience in the heart of Gander, just moments away from essential amenities including Gander Mall, Airport, hospital, and major retail stores. Every unit comes equipped with essential appliances. All three buildings feature convenient onsite laundry rooms. This 9 acre property is managed by the landlord’s staff, ensuring responsive and reliable service. Zoned Residential High Density-2. Parking for 170+ vehicles. Excess land provides opportunity for additional development. Independent study in January 2024 has "Replacement Cost New" estimated in the order of "$32.5M" (does not include land value, other site improvements such as building contents, paving & landscaping). (id:27)

Building Features:

Style: Multiplex
Building Type: Residential Commercial Mix
Floor Space: 143432 sqft
Flooring Type: Laminate, Carpeted
Heating Type: Baseboard heaters
Heating Fuel: Electric

Property Features:

OwnershipType: Freehold
Property Type: Multi-family
Amenities Nearby: Recreation, Shopping
Built in: 1970
Floor Space (approx): 143432 Square Feet
Irregular: Yes
Lot Size: 9 Acres
Zoning: RHD-2

Courtesy of: RE/MAX Infinity Realty Inc.

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⚠ Potential Investment Performance

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Market Price Trends

Location of 127,129,131 Bennett Drive, Gander, Newfoundland & Labrador, A1V 1X3

Lifestyle
Neighbourhood

Demographic Information of 127,129,131 Bennett Drive, Gander, Newfoundland & Labrador, A1V 1X3

Life Stage

Young Couples

Employment Type

Mixed

Average Household Income

$93,556.88

Average Number of Children

1.61

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

19.74 %

High school certificate or equivalent

30.97 %

Apprenticeship trade certificate/diploma

9.28 %

College/non-university certificate

28.42 %

University certificate (below bachelor)

0.23 %

University Degree

11.36 %

Commuter

Travel To Work

By Car

87.73 %

By Public Transit

0.0 %

By Walking

9.49 %

By Bicycle

0.0 %

By Other Methods

2.78 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

34.35 %

Houses

65.65 %

Own Vs. Rent