12-14 Mcneil Street
St.John's, NL, A1C2T9
3 Beds | 2 Baths
$425,000
About the property (MLS: 1285013):
“Detached two-apartment two-story home close to MUN and downtown with 2 self-contained above-ground units. Multiple car off-street parking. Ideal location in the Center City but on a quieter low low-traffic street. Great for people who enjoy a vibrant lifestyle, MUN, The Rooms, Sobeys, Colemans, St.Johns Farmers Market, quaint restaurants and even a local bakery are all within walking distance. The main floor apt has an open concept kitchen and living room, one bedroom and one bathroom with no stairs ideal for anyone with mobility issues. Also has access to the backyard. The second floor unit is accessed from the front door that opens to a small porch with laundry hook-up and stairs that lead up to an open concept kitchen/living room, two bedrooms and one bathroom. Electric heating, Pex plumbing and upgraded insulation Professionally designed apartments with quality fixtures and finishings throughout. Both apartments are in like new condition. Two fridges and ranges included with sale, all others furnishings are negotiable. This home has also been successfully operated as a long and shorter term furnished rental. Both units are currently registered as short term rental properties with the Province of NL. There is an excellent opportunity here for a new owner to occupy one unit and rent the other, or investor to continue on renting as such. There’s also tons of extra room for a garage, subsidiary buildings and even a Backyard Suite. Don't delay.... summer is fast approaching. This is the opportunity you have been waiting for. (id:56688)
Property Details
Listing ID: 28341176
Address: 12-14 Mcneil Street, St.John's, Newfoundland & Labrador, Canada A1C2T9
Status: Active
Last updated: 18 days ago ( May 25, 2025 )
Year Built: 1940
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 3
Baths: 2
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,750 square feet
Price per sq ft: $243
Tax Annual Amount: $1,975
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 25
Rurl
Coordinates: [47.565126, -52.723402]
Rooms
| Second level | Bath (# pieces 1-6) Bedroom Bedroom Kitchen | 8'4 x 4'11 null 17 x 10'4 null 17 x 10 null 18'2 x 13 null |
| Main level | Foyer Bath (# pieces 1-6) Bedroom Living room/Dining room Kitchen | 7'7 x 12'9 null 6'3 x 8'7 null 9'10 x 12'8 null 12'3 x 17'2 null 8'6 x 17 null |
Basic Calculator
First Mortgage: $340,000
Mortgage insurance premium: $0
Total Financing: $340,000
Rough closing fee (1.5%): ~ $6,375
Total downpayment with estimated closing fee: $91,375
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,926 | $23,112 |
| Gross rental income (income/principal ratio) | 0.453% | 5.438% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $532 | $6,384 |
| Vacancy | $97 | $1,156 |
| Management Fee | $155 | $1,849 |
| Expense / Income Ratio | 27.62% | 27.62% |
| Cash Flow | $1,144 | $13,728 |
| Net Operating Income (NOI) | $1,144 | $13,728 |
| Capitalization Rate | 0.27% | 3.23% |
