21 Canada Drive
St. John's, NL, A1E4H3
5 Beds | 2 Baths
$379,900
About the property (MLS: 1284573):
Welcome to this well-maintained two-apartment home in the sought-after Cowan Heights area of St. John’s! Whether you’re an investor or looking to offset your mortgage, this property is the perfect opportunity. The main unit features a bright and spacious living room, three generous bedrooms, and a 4-piece bathroom. The apartment downstairs recently painted with new vinyl plank flooring throughout boasts a cozy layout with two bedrooms, a renovated bathroom, and a functional kitchen and living area. With recent upgrades, pex-plumbing and ready for immediate occupancy this truly is a turn-key investment. Outside, the partially fenced backyard offers a great space for outdoor enjoyment, complete with room for kids, pets, or gardening with two sheds for additional storage. As a corner lot, both units have their own driveways as well as their own individual space in the backyard. Centrally located in a family-friendly neighbourhood, close to an incredible elementary school, shopping, bus route and the scenic Bowring Park trail, this property is a rare find in today’s market. As per sellers direction no conveyance of offers until May 10, 2025 at 3pm. (id:56688)
Property Details
Listing ID: 28258383
Address: 21 Canada Drive, St. John's, Newfoundland & Labrador, Canada A1E4H3
Status: Active
Last updated: 8 days ago ( May 5, 2025 )
Year Built: 1973
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: Two Apartment House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 5
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Oil, Wood
Sewer: Municipal sewage system
Flooring: Laminate, Other, Mixed Flooring
Fencing: Partially fenced
Living Area Total: 2,346 square feet
Price per sq ft: $162
Tax Annual Amount: $2,067
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Dishwasher, Stove, Dryer
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Oil, Wood
Flooring: Laminate, Other, Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 37
Rurl
Coordinates: [47.536568, -52.755806]
Rooms
| Lower level | Porch Bath (# pieces 1-6) Not known Not known Not known Not known | 8’4x 3’8 null 4pc 10’6 x 10’8 null 8’x9’+jog null 14’1 x 10’8 null 16’8x13’4 null |
| Basement | Laundry room | 24’9 x 10’7-jog null |
| Main level | Kitchen Dining room Living room Bath (# pieces 1-6) Bedroom Bedroom Porch Primary Bedroom | 10’6 x 13’5 null 8’7 x 10’5 null 16’6 x 16’2-jog null 4pc 10x 8’11 +jog null 10’2x7’11 null 4’7 x 8’2 null 10’11 x 13’5 null |
Basic Calculator
First Mortgage: $303,920
Mortgage insurance premium: $0
Total Financing: $303,920
Rough closing fee (1.5%): ~ $5,699
Total downpayment with estimated closing fee: $81,679
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,581 | $30,972 |
| Gross rental income (income/principal ratio) | 0.679% | 8.153% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $475 | $5,700 |
| Vacancy | $130 | $1,549 |
| Management Fee | $207 | $2,478 |
| Expense / Income Ratio | 18.40% | 18.40% |
| Cash Flow | $1,771 | $21,252 |
| Net Operating Income (NOI) | $1,771 | $21,252 |
| Capitalization Rate | 0.47% | 5.59% |
