50 Warbury Street
St. John's, NL, A1E1N8
4 Beds | 2 Baths
$265,000
About the property (MLS: 1284935):
This approved two apartment has both units above ground. The front apartment is heated by an oil furnace while the rear unit is heated electrically. All freshly painted, and with a number of improvements over recent years. These include blown in insulation in 2005, vinyl windows front unit in 2006, vinyl windows rear unit 2010, new furnace 2021 (annual heating cost $1600), new hot water boiler front unit 2021,new roofing 2021, new oil tank 2022, furnace inspection and maintenance March 2025, and new carpet on stairs and bedroom 2025. This is a fabulous investment property or would also be ideal to live in one unit and rent the other. Parking is also available. The ideal location is minutes from downtown and close to recreational facilities. (id:56688)
Property Details
Listing ID: 28301805
Address: 50 Warbury Street, St. John's, Newfoundland & Labrador, Canada A1E1N8
Status: Active
Last updated: 8 days ago ( Jun 4, 2025 )
Year Built: 1950
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 4
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Forced air, Oil, Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,944 square feet
Price per sq ft: $137
Tax Annual Amount: $1,550
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, Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 29
Rurl
Coordinates: [47.548182, -52.724784]
Rooms
| Basement | Storage | 24 x 18 null |
| Second level | Bedroom Bedroom Bath (# pieces 1-6) Bedroom Bedroom Bath (# pieces 1-6) | 13 x 8.9 null 14.6 x 7.7 null 4 pc 11.9 x 10.4 null 10 x 9.5 null 4 pc |
| Main level | Kitchen Living room Kitchen Living room Porch | 17 x7.4 null 11 x 9.7 null 13 x 10.6 null 12 x12 null 6x3 null |
Basic Calculator
First Mortgage: $212,000
Mortgage insurance premium: $0
Total Financing: $212,000
Rough closing fee (1.5%): ~ $3,975
Total downpayment with estimated closing fee: $56,975
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,139 | $25,668 |
| Gross rental income (income/principal ratio) | 0.807% | 9.686% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $332 | $3,984 |
| Vacancy | $107 | $1,284 |
| Management Fee | $172 | $2,054 |
| Expense / Income Ratio | 15.52% | 15.52% |
| Cash Flow | $1,529 | $18,348 |
| Net Operating Income (NOI) | $1,529 | $18,348 |
| Capitalization Rate | 0.58% | 6.92% |
