About the property (MLS: 1277064):
This exceptional property is located at 140-142 Gower Street in downtown St. John’s, offering a unique blend of historic charm and modern versatility. The vibrant neighborhood surrounds you with boutique cafés, restaurants, and nightlife, making it highly desirable for tenants and investors alike. 140 Gower Street features three distinct apartments. The ground level includes a cozy 1-bedroom, 1-bathroom studio apartment, perfect for an individual and currently leased. The second level offers a spacious 2-bedroom, 1-bathroom apartment, providing flexible living arrangements and abundant natural light. The third level spans across both 140 and 142 Gower Street, boasting 3 bedrooms and 1 bathroom and a half bathroom —a rare opportunity to experience elevated city living. 142 Gower Street features a main unit with 2 large bedrooms, blending character and functionality, ideal for family living. Massive eat in kitchen provides extra entertaining space or additional dining space. There is exciting potential for expansion at the rear of the property, where groundwork is already laid for a fifth unit. Roughed in bathroom and kitchen and ready for completion, this presents an incredible opportunity to further maximize rental potential. With several units already occupied, this property is ready to generate immediate income, while the unfinished unit offers room for growth. The versatility here is unmatched—whether you’re seeking a long-term investment, multi-generational living space, or a unique renovation project, 140-142 Gower Street delivers. This is a prime investment opportunity in one of the city’s most sought-after locations, where urban conveniences meet historic character. Don’t miss out—schedule your viewing today and envision the possibilities! (id:56688)
Property Details
Listing ID: 27378527
Address: 140-142 Gower Street, St. John's, Newfoundland & Labrador, Canada A1C1P3
Status: Active
Last updated: a month ago ( Dec 5, 2024 )
Year Built: 1925
Property Type: Single Family
Structure Type: Multi-Family
Ownership Type: Freehold
Beds: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Laminate, Carpeted, Mixed Flooring
Tax Annual Amount: $3,612
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Heating: Baseboard heaters, Electric
Flooring: Hardwood, Laminate, Carpeted, Mixed Flooring
Exterior Features: Other
Common Interest: Freehold
Number of photos available: 30
Rurl
Coordinates: [47.567457, -52.706417]
Rooms
Basic Calculator
First Mortgage: $639,920
Mortgage insurance premium: $0
Total Financing: $639,920
Rough closing fee (1.5%): ~ $11,999
Total downpayment with estimated closing fee: $171,979
Investment Calculator:
Monthly | Yearly | |
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Gross Revenue | $0 | $0 |
Gross rental income (income/principal ratio) | 0.000% | 0.000% |
Mortgage | $0 | $0 |
Monthly Expenses | $0 | $0 |
Vacancy | $0 | $0 |
Management Fee | $0 | $0 |
Expense / Income Ratio | NaN% | NaN% |
Cash Flow | $0 | $0 |
Net Operating Income (NOI) | $0 | $0 |
Capitalization Rate | 0.00% | 0.00% |