16 Bartlett Place
St. John's, NL, A1E3M3
3 Beds | 2 Baths
$317,900
About the property (MLS: 1282339):
Introducing 16 Bartlett Place! This well-maintained, two-apartment home in St. John’s West End is an excellent opportunity, whether you're looking for a comfortable home with rental income or a reliable investment property. The main unit boasts a bright and spacious eat-in kitchen, perfect for family meals and entertaining, along with a cozy living room filled with natural light. Hardwood floors add warmth to the main living areas, while the bedrooms feature durable laminate flooring. This unit includes two well-sized bedrooms, a full bathroom, and a versatile rec room or den in the basement, along with a convenient laundry and storage room. The self-contained basement apartment is a tidy one-bedroom unit with a long-term tenant who has been renting since 2008 at $700/month POU and is happy to stay - an ideal setup for steady rental income. This property has seen numerous upgrades over the years, including a brand-new hot air furnace for efficient heating, a new oil tank installed in 2022 with a 25-year warranty, and shingles replaced in 2012, offering peace of mind for years to come. Outside, the home features two separate paved driveways - one single-car and one large enough for two vehicles - ensuring ample parking for both units. The fully fenced backyard provides privacy and security, making it a great space for kids, pets, or gardening. A large storage shed offers extra room for tools and outdoor equipment, while the patio off the kitchen is the perfect spot to enjoy the evening sun. This solid, move-in-ready home is located in a sought-after neighborhood, close to shopping, schools, parks, and all the amenities of the west end. Whether you’re a first-time buyer looking for mortgage assistance, an investor seeking a rental property with strong potential, or someone looking to downsize with additional income, this home is a fantastic choice. Don’t miss out on this great opportunity to own a well-cared-for property in a prime location! (id:56688)
Property Details
Listing ID: 28006845
Address: 16 Bartlett Place, St. John's, Newfoundland & Labrador, Canada A1E3M3
Status: Active
Last updated: 13 days ago ( Mar 11, 2025 )
Year Built: 1973
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 3
Baths: 2
1/2 Baths: 0
Heating: Forced air, Oil, Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Laminate, Mixed Flooring
Living Area Total: 1,650 square feet
Price per sq ft: $193
Tax Annual Amount: $2,024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Stove, Dryer
Water Source: Municipal water
Heating: Forced air, Oil, Electric
Flooring: Hardwood, Laminate, Mixed Flooring
Exterior Features: Wood shingles, Vinyl siding
Common Interest: Freehold
Number of photos available: 32
Rurl
Coordinates: [47.537707, -52.74788]
Rooms
| Basement | Laundry room Not known Not known Not known Recreation room | 11'0"" x 7'5"" null 10'5"" x 9'5"" null 11'0"" x 10'0"" null 11'0"" x 10'0"" null 11'5"" x 11'0"" null |
| Main level | Bedroom Primary Bedroom Living room Kitchen | 10'0"" x 7'5"" null 12'0"" x 10'5"" null 14'0"" x 13'0"" null 18'0"" x 9'5"" null |
Basic Calculator
First Mortgage: $254,320
Mortgage insurance premium: $0
Total Financing: $254,320
Rough closing fee (1.5%): ~ $4,769
Total downpayment with estimated closing fee: $68,349
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,816 | $21,792 |
| Gross rental income (income/principal ratio) | 0.571% | 6.855% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $398 | $4,776 |
| Vacancy | $91 | $1,090 |
| Management Fee | $146 | $1,744 |
| Expense / Income Ratio | 21.92% | 21.92% |
| Cash Flow | $1,182 | $14,184 |
| Net Operating Income (NOI) | $1,182 | $14,184 |
| Capitalization Rate | 0.37% | 4.46% |
