37 Monroe Street
St John's, NL, A1C1X9
2 Beds | 2 Baths
$190,000
About the property (MLS: 1284424):
Located just steps from the heart of downtown St. John’s, this unique property offers two self-contained studio-style living spaces—ideal for investors or first-time homebuyers. Recent updates include new flooring, new plumbing, some upgraded electrical, vinyl windows, and low-maintenance vinyl siding. Inspection from 2024-09-03 and associated repair list included in the supplements. Live in one unit and rent the other, or add both to your rental portfolio. With its prime location and solid upgrades, 37 Monroe Street is a smart, affordable opportunity in a sought-after area. Don't miss your chance to own in the downtown core—book your showing today! (id:56688)
Property Details
Listing ID: 28279802
Address: 37 Monroe Street, St John's, Newfoundland & Labrador, Canada A1C1X9
Status: Active
Last updated: 8 days ago ( May 13, 2025 )
Year Built: 1950
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 2
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Other
Living Area Total: 651 square feet
Price per sq ft: $292
Tax Annual Amount: $963
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator, Stove
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Other
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 12
Rurl
Coordinates: [47.560219, -52.715987]
Rooms
| Main level | Not known Not known | 21 x 15 null 21 x 16 null |
Basic Calculator
First Mortgage: $152,000
Mortgage insurance premium: $0
Total Financing: $152,000
Rough closing fee (1.5%): ~ $2,850
Total downpayment with estimated closing fee: $40,850
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $717 | $8,604 |
| Gross rental income (income/principal ratio) | 0.377% | 4.528% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $238 | $2,856 |
| Vacancy | $36 | $431 |
| Management Fee | $58 | $689 |
| Expense / Income Ratio | 33.19% | 33.19% |
| Cash Flow | $386 | $4,632 |
| Net Operating Income (NOI) | $386 | $4,632 |
| Capitalization Rate | 0.20% | 2.44% |
