23 Rennies Mill Road
St John's, NL, A1C3P9
8 Beds | 8 Baths
$1,800,000
About the property (MLS: 1285315):
Steeped in history and elegance, 23 Rennies Mill Road is a rare gem in the heart of St. John’s, offering a blend of old-world charm and modern luxury. Nestled in the prestigious Rennies Mill Road historic district, this exquisite property is known for its architectural beauty, grand presence, and significant historical connections. King Charles once stayed here during his visit to Newfoundland, a testament to the home’s distinguished reputation. The property is currently being operated as Bannerman Park Suites, a boutique 8-suite guest house that was awarded the coveted 5-star Canada Select Rating in 2015 (one of the highest honours a Canadian Accommodation provider can receive). The property boasts spacious, meticulously designed executive suites that exude warmth and sophistication. Features include high ceilings, decorative fireplaces, spa-like bathrooms with heated marble floors, beautiful soaking tubs, large walk-in showers, and high-end kitchenettes. On-site laundry facilities are also available. Perfectly situated just steps from the scenic Bannerman Park’s outdoor public swimming pool and walking gardens, the property enjoys a serene setting while being mere moments from downtown St. John’s, where fine dining, galleries, boutique shopping, meeting venues, and cultural landmarks await. Guests and residents can take in the breathtaking views from Signal Hill, explore the historic streets, or visit attractions such as The Rooms or the Johnson GEO Centre. Whether envisioned as a continued luxury hospitality business or transformed into a grand private residence, this property offers an extraordinary opportunity to own a piece of Newfoundland’s rich heritage. Its combination of history, elegance, and prime location makes it one of the most sought-after addresses in the city. With its striking curb appeal, historical significance, and unmatched potential, 23 Rennies Mill Road is a legacy waiting to be embraced. (id:56688)
Property Details
Listing ID: 28412482
Address: 23 Rennies Mill Road, St John's, Newfoundland & Labrador, Canada A1C3P9
Status: Active
Last updated: 14 days ago ( Jun 6, 2025 )
Year Built: 1911
Property Type: Other
Architectural Style: 3 Level
Structure Type: Other
Ownership Type: Freehold
Beds: 8
Baths: 8
1/2 Baths: 0
Heating: Oil, Electric, Radiator
Sewer: Municipal sewage system
Flooring: Hardwood, Carpeted, Wood, Mixed Flooring
Living Area Total: 6,776 square feet
Price per sq ft: $266
Tax Annual Amount: $3,942
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Alarm System
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Oil, Electric, Radiator
Flooring: Hardwood, Carpeted, Wood, Mixed Flooring
Exterior Features: Other
Common Interest: Freehold
Number of photos available: 50
Rurl
Coordinates: [47.569732, -52.709082]
Rooms
| Third level | Bath (# pieces 1-6) Bedroom Family room Bath (# pieces 1-6) Kitchen Bedroom Family room | 10x10 Suite 302 null 10x15 Suite 302 null 11x12 Suite 302 null 12x8 Suite 301 null 6x6 Suite 301 null 17x20 Suite 301 null 17x20 Suite 301 null |
| Second level | Bath (# pieces 1-6) Bedroom Family room Bath (# pieces 1-6) Bedroom Family room Bath (# pieces 1-6) Bedroom Family room | 10x11 Suite 202 null 12x10 Suite 202 null 12x12 Suite 202 null 9x10 Suite 203 null 9x12 Suite 203 null 12x12 Suite 203 null 14x8 Suite 201 null 17x16 Suite 201 null 17x20 Suite 201 null |
| Main level | Bath (# pieces 1-6) Bedroom Family room Bath (# pieces 1-6) Bedroom Family room Bath (# pieces 1-6) Bedroom Family room | 10x11 Suite 102 null 12x10 Suite 102 null 12x12 Suite 102 null 9x10 Suite 103 null 9x12 Suite 103 null 12x12 Suite 103 null 14x8 Suite 101 null 16x20 Suite 101 null 17x20 Suite 101 null |
Basic Calculator
First Mortgage: $1,440,000
Mortgage insurance premium: $0
Total Financing: $1,440,000
Rough closing fee (1.5%): ~ $27,000
Total downpayment with estimated closing fee: $387,000
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $7,454 | $89,448 |
| Gross rental income (income/principal ratio) | 0.414% | 4.969% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $2,250 | $27,000 |
| Vacancy | $373 | $4,473 |
| Management Fee | $597 | $7,156 |
| Expense / Income Ratio | 30.19% | 30.19% |
| Cash Flow | $4,235 | $50,820 |
| Net Operating Income (NOI) | $4,235 | $50,820 |
| Capitalization Rate | 0.24% | 2.82% |
