5 Avalon Street
St.John's, NL, A1C4P6
4 Beds | 2 Baths
$255,000
About the property (MLS: 1284608):
Located in the heart of St. John's and just minutes from MUN, the Health Sciences Centre, and Avalon Mall, this TWO-APARTMENT home at 5 Avalon Street offers a smart blend of convenience, flexibility, and value. The primary unit has been tastefully renovated with fresh paint, updated flooring, and brand-new appliances. With three bedrooms and a bright, open layout, it’s a comfortable home base for a family, students or a professional household. The second apartment is a separate one-bedroom unit—also on the main level—making it an excellent option for extended family, a rental suite, or even an Airbnb setup. Both units are vacant, giving you the flexibility to set your own rents or move in and let the second unit help offset your mortgage. The yard is mostly fenced and provides space for kids, pets, or a small garden, and the property also features front and back decks, a driveway, and updated finishes throughout. Whether you're house-hacking, investing, or just looking for a well-located home near key amenities, this one checks all the boxes. As per sellers direction, All showings will be done between Monday, May 5th 2025 and Friday, May 9th 2025. No conveyance of offers until 1PM on May 9th and all offers to be left open until 4PM on May 9th, 2025 (id:56688)
Property Details
Listing ID: 28260244
Address: 5 Avalon Street, St.John's, Newfoundland & Labrador, Canada A1C4P6
Status: Active
Last updated: 15 days ago ( May 5, 2025 )
Year Built: 1947
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: Two Apartment House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 4
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,385 square feet
Price per sq ft: $185
Tax Annual Amount: $1,529
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator, Stove
Water Source: Municipal water
Foundation Details: Block, Concrete
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 22
Rurl
Coordinates: [47.566734, -52.72239]
Rooms
| Main level | Not known Bath (# pieces 1-6) Bedroom Not known Not known Bath (# pieces 1-6) Bedroom Bedroom Bedroom Living room Kitchen | 8.25 x 5.92 null 3pc 8.58 x 9.25 null 9.42 x 11.25 null 8 x 11.25 null 4 pc 8.66 x 9.25 null 8.83 x 9.85 null 7.75 x 10.75 null 9.66 x 10.75 null 12.25 x 9.66 null |
Basic Calculator
First Mortgage: $204,000
Mortgage insurance premium: $0
Total Financing: $204,000
Rough closing fee (1.5%): ~ $3,825
Total downpayment with estimated closing fee: $54,825
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,524 | $18,288 |
| Gross rental income (income/principal ratio) | 0.598% | 7.172% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $319 | $3,828 |
| Vacancy | $77 | $915 |
| Management Fee | $122 | $1,464 |
| Expense / Income Ratio | 20.93% | 20.93% |
| Cash Flow | $1,007 | $12,084 |
| Net Operating Income (NOI) | $1,007 | $12,084 |
| Capitalization Rate | 0.39% | 4.74% |
