26 Boncloddy Street
St. John's, NL, A1C4H9
3 Beds | 3 Baths
$364,900
About the property (MLS: 1284267):
A rare opportunity to purchase an exceptional turn-key short term or long term rental property in downtown St. Johns with 3 units ready to generate serious income. Upwards of 40k + per year in income! This recently renovated (down to the studs) 3-unit building features new siding, windows, front door, exterior electrical service upgrade, new cabinetry, flooring, lighting and plumbing fixtures, new roof and individual decks. A stones throw from George Street and walkable to concert venues, night life, restaurants, groceries and everything downtown has to offer. This property will be sold exactly as viewed with all new appliances and furnishings, ready for immediate occupancy and ready to generate immediate income. Please request supplement notes for financial breakdowns. This opportunity won't last long! (id:56688)
Property Details
Listing ID: 28228295
Address: 26 Boncloddy Street, St. John's, Newfoundland & Labrador, Canada A1C4H9
Status: Active
Last updated: 9 days ago ( Jun 23, 2025 )
Year Built: 1940
Property Type: Other
Structure Type: Other
Ownership Type: Freehold
Beds: 3
Baths: 3
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Laminate
Living Area Total: 1,220 square feet
Price per sq ft: $300
Tax Annual Amount: $1,600
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dryer, Microwave
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Laminate
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 27
Rurl
Coordinates: [47.562999, -52.717051]
Rooms
| Third level | Bedroom Bath (# pieces 1-6) Living room/Dining room | 8.10x7.8 null 5.4x8.6 null 12.3x8.10 null |
| Second level | Bedroom Bath (# pieces 1-6) Living room/Dining room | 9.10x6.2 null 10.6x2.7 null 14.4X9.10 null |
| Main level | Bedroom Bath (# pieces 1-6) Living room/Dining room | 9.4x7.11 null 5.7x7.11 null 12.1x9.4 null |
Basic Calculator
First Mortgage: $291,920
Mortgage insurance premium: $0
Total Financing: $291,920
Rough closing fee (1.5%): ~ $5,474
Total downpayment with estimated closing fee: $78,454
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,342 | $16,104 |
| Gross rental income (income/principal ratio) | 0.368% | 4.413% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $457 | $5,484 |
| Vacancy | $68 | $806 |
| Management Fee | $108 | $1,289 |
| Expense / Income Ratio | 34.05% | 34.05% |
| Cash Flow | $711 | $8,532 |
| Net Operating Income (NOI) | $711 | $8,532 |
| Capitalization Rate | 0.19% | 2.34% |
