For sale · MLS® 1304862
119-121 Long's Hill
St. John's, NL, A1C1V4
List price
$400,000
About this propertyMLS® 1304862
INCOME PROPERTY IN DOWNTOWN ST. JOHN’S: two registered, FULLY FURNISHED AND EQUIPPED EXECUTIVE apartments. The upper unit was most recently rented at $2,800/month ($33,600/year), an 8.4% gross return on the list price from that unit alone, before any income from the second apartment. Separate meters and electric heat. Buy it as a turnkey investment, or live in one unit and let the other carry a large share of your mortgage. 119 LONG'S HILL: Spanning the second and third floors, this spacious two-bedroom residence features a bright living and dining area, updated IKEA kitchen, renovated bathroom, hardwood and ceramic flooring, electric fireplace, and in-unit laundry. Upstairs are two generous bedrooms with ample closet space, including a walk-in closet, and beautiful views of St. John's Harbour. Window seals in three top-floor bedroom windows were replaced in October 2024. 121 LONG'S HILL: Recently converted from commercial to residential use and fully inspected by the City of St. John's, this beautifully updated main-floor apartment features a private entrance, bright open-concept living and dining areas, modern kitchen with white cabinetry, a comfortable bedroom, and full bathroom with a corner shower. The substantial basement offers excellent additional storage space. Electric heating throughout, separate meters, 100-amp panel for 119 and 200-amp panel for 121 Long's Hill. New torch-on roof installed in 2021. On-street parking with municipal permits subject to City approval. As per the Seller's Directive, there will be no conveyance of any written offers prior to 4:00 PM on Tuesday, November 3, 2026, and all offers are to remain open for consideration until 9:00 PM the same day. (id:56688)
Property details
Coordinates: [47.564181, -52.714418]
Rooms
| Main level | Not known Not known Not known Not known Bath (# pieces 1-6) | 11.2 × 17.6 12 × 12.6 10.6 × 13.9 10.7 × 17.7 11.2 × 6.1 |
| Second level | Kitchen Living room Bath (# pieces 1-6) | 16.10 × 10 16.5 × 13.2 9.1 × 5.3 |
| Third level | Primary Bedroom Bedroom Other | 16.1 × 12.5 13.5 × 10.9 7.4 × 4.2 |
| Basement | Storage Storage | 22.9 × 23.1 23.5 × 21.8 |
Basic Calculator
First Mortgage: $320,000
Mortgage insurance premium: $0
Total Financing: $320,000
Rough closing fee (1.5%): ~ $6,000
Total downpayment with estimated closing fee: $86,000
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $0 | $0 |
| Gross rental income (income/principal ratio) | 0.000% | 0.000% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $500 | $6,000 |
| Vacancy | $0 | $0 |
| Management Fee | $0 | $0 |
| Expense / Income Ratio | Infinity% | Infinity% |
| Cash Flow | $-500 | $-6,000 |
| Net Operating Income (NOI) | $-500 | $-6,000 |
| Capitalization Rate | -0.13% | -1.50% |
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