About the property (MLS: 1283959):
Tucked away on a charming side street in the heart of downtown, 7 Parade Street blends modern upgrades with historic character—just steps from The Rooms, Bannerman Park, and local shops and restaurants. With flexible living space, stylish finishes, and prime walkability, this renovated townhouse has incredible appeal. Extensively upgraded in recent years, the home features new flooring, windows, roof, plumbing, electrical, and doors. The sleek IKEA kitchen boasts frosted glass cabinetry, a contemporary galley layout, and a rear extension with French doors leading to a fully fenced, private backyard—perfect for entertaining or relaxing. Inside, you’ll find soaring ceilings on the main and second levels that flood the home with natural light. The main floor includes a spacious living room, formal dining area, porch, modern kitchen, and access to basement storage. Upstairs features three bright bedrooms, two full bathrooms, and a convenient laundry area. The top floor has been transformed into a large primary suite with a sitting area. This area is also ideal as a home office, lounge, or easily converted to a fourth bedroom. Freshly painted from top to bottom, this spotless, move-in-ready home is located in desirable St. John’s Centre—within walking distance of MUN, the Health Sciences Centre, grocery and liquor stores, and the best of downtown living. Appliances included. View the 3D tour or book your private showing today! Quick possession possible! (id:56688)
Property Details
Listing ID: 28194262
Address: 7 Parade Street, St. John's, Newfoundland & Labrador, Canada A1C4C8
Status: Active
Last updated: 23 days ago ( Apr 28, 2025 )
Year Built: 1950
Property Type: Single Family
Architectural Style: 2 Level, 3 Level
Structure Type: House
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Beds: 3
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Carpeted, Ceramic Tile, Mixed Flooring
Living Area Total: 1,675 square feet
Price per sq ft: $203
Tax Annual Amount: $1,473.25
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Stove, Dryer, Microwave
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Hardwood, Carpeted, Ceramic Tile, Mixed Flooring
Exterior Features: Other
Common Interest: Freehold
Number of photos available: 36
Rurl
Coordinates: [47.564658, -52.714948]
Rooms
Basement | Storage | 15x15 null |
Third level | Not known Bedroom | 8x11.2 null 11.5x11.2 null |
Second level | Laundry room Bath (# pieces 1-6) Bedroom Bath (# pieces 1-6) Primary Bedroom | x0 null 5.1x8.2 null 8.11x12.0 null 8.4x10.11 null 9.11x17.11 null |
Main level | Kitchen Dining room Living room | 9.8x18.8 null 8.11x14.3 null 13.6x13.8 null |
Basic Calculator
First Mortgage: $271,920
Mortgage insurance premium: $0
Total Financing: $271,920
Rough closing fee (1.5%): ~ $5,099
Total downpayment with estimated closing fee: $73,079
Investment Calculator:
Monthly | Yearly | |
---|---|---|
Gross Revenue | $1,843 | $22,116 |
Gross rental income (income/principal ratio) | 0.542% | 6.507% |
Mortgage | $0 | $0 |
Monthly Expenses | $425 | $5,100 |
Vacancy | $93 | $1,106 |
Management Fee | $148 | $1,770 |
Expense / Income Ratio | 23.06% | 23.06% |
Cash Flow | $1,179 | $14,148 |
Net Operating Income (NOI) | $1,179 | $14,148 |
Capitalization Rate | 0.35% | 4.16% |