Welcome to 556 Empire Avenue — a solid, two-apartment home in a prime, high-demand location between Memorial University, Churchill Square, and downtown St. John’s. This area has long been a hotspot for consistent rental income, with steady demand from students, healthcare workers, and young professionals alike. Walkable, well-connected, and close to absolutely everything — groceries, coffee shops, parks, gyms, transit routes, MUN, the Health Sciences Centre, and downtown’s dining and nightlife — this is the kind of central location investors love. The property is fully occupied with two strong rental streams in place: the upstairs unit is leased at $1,995/month (internet and cable included) until October 1, 2025, with the tenant scheduled to vacate at that time — perfect timing for an owner-occupier or a re-list at market value. The lower unit is bringing in $1,075/month, also including internet and cable, and has been an easy, reliable rental — with the current tenant scheduled to vacate November 30, 2025. Each unit has its own entrance, and the home has been well maintained, making it a solid turn-key addition to your portfolio or an ideal first purchase with major mortgage-helping potential. This stretch of Empire Avenue is filled with classic homes, long-term residents, and investment properties that rarely sit vacant. With rising rental rates in the city, close proximity to major institutions, and a flexible occupancy timeline upstairs, 556 Empire offers immediate income, low vacancy risk, and long-term upside in a location that’s only getting stronger. Whether you’re a seasoned investor or a savvy buyer looking for a foothold in the city, this one is a no-brainer. As per seller’s direction, there will be no conveyance of offers prior to 12:00PM on Monday, June 30th, 2025, to be left open until 3:00PM on Monday, June 30th, 2025. (id:51018)
| MLS® Number | 1287047 |
| Property Type | Single Family |
| Amenities Near By | Recreation, Shopping |
| Structure | Patio(s) |
| Bathroom Total | 3 |
| Bedrooms Total | 5 |
| Appliances | Dishwasher, Refrigerator, Stove, Washer, Dryer |
| Constructed Date | 2007 |
| Construction Style Attachment | Detached |
| Construction Style Split Level | Split Level |
| Cooling Type | Air Exchanger |
| Exterior Finish | Vinyl Siding |
| Flooring Type | Laminate, Mixed Flooring |
| Half Bath Total | 1 |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Size Interior | 2060 Sqft |
| Type | Two Apartment House |
| Utility Water | Municipal Water |
| Access Type | Year-round Access |
| Acreage | No |
| Land Amenities | Recreation, Shopping |
| Sewer | Municipal Sewage System |
| Size Irregular | 50 X 115 |
| Size Total Text | 50 X 115|under 1/2 Acre |
| Zoning Description | Res |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Basement | Not Known | Full Bath | ||
| Basement | Not Known | 9’0” x 9’0” | ||
| Basement | Not Known | 12’6” x 8’6” | ||
| Basement | Not Known | 8’6” x 5’2” | ||
| Basement | Not Known | 13’6” x 10’6” | ||
| Basement | Utility Room | 13’6” x 12’0” | ||
| Basement | Recreation Room | 16’6” x 9’0” | ||
| Main Level | Ensuite | Half | ||
| Main Level | Bath (# Pieces 1-6) | Full | ||
| Main Level | Bedroom | 9’2” x 8’8” | ||
| Main Level | Bedroom | 10’0” x 9’6” | ||
| Main Level | Bedroom | 12’0” x 12’0” | ||
| Main Level | Living Room | 18’0” x 13’6” | ||
| Main Level | Kitchen | 12’6” x 11’6” |
https://www.realtor.ca/real-estate/28525731/556-empire-avenue-st-johns
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