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TelephoneEmail150 University Avenue, St. John's, Newfoundland & Labrador, Canada A1B1Z5

150 University Avenue

St. John's, NL, A1B1Z5

location

4 Beds | 2 Baths

$319,000

150 University Avenue St. John's Newfoundland & Labrador Canada A1B1Z5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
150 University Avenue St. John's Newfoundland & Labrador Canada A1B1Z5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
150 University Avenue St. John's Newfoundland & Labrador Canada A1B1Z5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
150 University Avenue St. John's Newfoundland & Labrador Canada A1B1Z5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
150 University Avenue St. John's Newfoundland & Labrador Canada A1B1Z5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
150 University Avenue St. John's Newfoundland & Labrador Canada A1B1Z5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
150 University Avenue St. John's Newfoundland & Labrador Canada A1B1Z5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
150 University Avenue St. John's Newfoundland & Labrador Canada A1B1Z5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
150 University Avenue St. John's Newfoundland & Labrador Canada A1B1Z5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
150 University Avenue St. John's Newfoundland & Labrador Canada A1B1Z5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
150 University Avenue St. John's Newfoundland & Labrador Canada A1B1Z5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
150 University Avenue St. John's Newfoundland & Labrador Canada A1B1Z5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
150 University Avenue St. John's Newfoundland & Labrador Canada A1B1Z5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
150 University Avenue St. John's Newfoundland & Labrador Canada A1B1Z5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
150 University Avenue St. John's Newfoundland & Labrador Canada A1B1Z5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
150 University Avenue St. John's Newfoundland & Labrador Canada A1B1Z5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
150 University Avenue St. John's Newfoundland & Labrador Canada A1B1Z5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty

Presented By

Haris Barki
Haris Barki
REALTOR ®
Keller Williams Platinum Realty
About the property (MLS: 1283337):

Located within walking distance of the university, this home is the perfect investment opportunity for buyers looking to capitalize on the strong demand for student housing! With a consistent rental income history, this property offers both stability and the potential for even greater returns…Rent out the whole house or lease individual rooms to maximize monthly cash flow! Inside this 4-bedroom, 2.5 bath home, you'll find a bright and spacious open concept living and dining area that flows seamlessly into the kitchen. A large family room with built-in storage opens to a deck overlooking a large backyard. Downstairs features a spacious rec room which can be used as an additional 5th bedroom, a separate laundry area, and a large basement perfect for storage. Could also easily be converted into a two-apt home with rear basement access, existing laundry room plumbing, a sink area for a kitchen, and a half bath already in place! Other features include off-street parking for several vehicles, a rare find this close to campus! Whether you want to expand your investment portfolio or break into the market with a high-performing property, this home checks all the boxes! Don’t miss out on this high-demand rental in a PRIME location! As per the Sellers Directive, there will be no conveyance of any written offers before 7pm on May 13, 2025 and all offers are to remain open for consideration until 10pm on May 13, 2025. (id:56688)

Property Details
MLS: 1283337
Listing ID: 28286525
Address: 150 University Avenue, St. John's, Newfoundland & Labrador, Canada A1B1Z5
Status: Active
Last updated: 11 days ago ( May 10, 2025 )
Year Built: 1960
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 4
Baths: 2
1/2 Baths: 1
Heating: Baseboard heaters, Forced air, Oil
Sewer: Municipal sewage system
Flooring: Hardwood, Laminate, Carpeted, Mixed Flooring
Living Area Total: 1,800 square feet
Price per sq ft: $178
Tax Annual Amount: $2,819
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Stove, Dryer
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Forced air, Oil
Flooring: Hardwood, Laminate, Carpeted, Mixed Flooring
Exterior Features: Wood shingles, Other
Common Interest: Freehold
Number of photos available: 17
Rurl
Coordinates: [47.568236, -52.7436]

Rooms

Basement
Recreation room
Bedroom
Bath (# pieces 1-6)
Laundry room
16x8 null
11x8 null
6x4 null
12x10 null
Main level
Bedroom
Bedroom
Primary Bedroom
Bath (# pieces 1-6)
Living room
Dining room
Family room
Kitchen
9x7 null
7x10 null
11x11 null
8x4 null
13x13 null
7x12 null
13x13 null
9x11 null

Basic Calculator



First Mortgage: $255,200

Mortgage insurance premium: $0

Total Financing: $255,200

Rough closing fee (1.5%): ~ $4,785

Total downpayment with estimated closing fee: $68,585

0000

Investment Calculator:

MonthlyYearly
Gross Revenue$1,981$23,772
Gross rental income (income/principal ratio)0.621%7.452%
Mortgage$0$0
Monthly Expenses$399$4,788
Vacancy$100$1,189
Management Fee$159$1,902
Expense / Income Ratio20.14%20.14%
Cash Flow$1,325$15,900
Net Operating Income (NOI)$1,325$15,900
Capitalization Rate0.42%4.98%
Capitalization Rate: 4.98%
After-repair value (ARV) (This is a rule for purchasing and flipping distressed real estate for a profit, which states that the purchase price should be less than 70% of after-repair value (ARV) minus repair costs (rehab).): $455,715