254 Freshwater Road
St. John's, NL, A1B1B8
6 Beds | 2 Baths
$344,900
About the property (MLS: 1285895):
Ideally situated in the heart of Center City, this spacious 6-bedroom, 2-bathroom home presents an exceptional opportunity for investors or families seeking room to grow. Its central location places you just minutes from Memorial University, the Health Science Centre, the St. John’s Farmers Market, and Avalon Mall—making it a convenient and highly desirable spot for both residents and renters. Step inside to a bright and welcoming main floor featuring a large living room, dining area, and a well-laid-out kitchen. Beyond the kitchen, you’ll find a full bathroom, a main-floor bedroom, laundry room and access to a generous size pressure-treated deck overlooking a fully fenced backyard—ideal for outdoor living. Upstairs, the home offers five well-appointed bedrooms and a second full bathroom, providing plenty of space for a growing family or multiple tenants. The basement includes ample storage options to keep things organized and clutter-free. This property has seen numerous updates in recent years, ensuring both comfort and peace of mind: 2013: All new windows and doors, 200 amp electrical upgrade, heat pump (serviced May 2025), 2017: New pressure-treated deck and fencing, 2020: Exterior siding painted 2022: New pex plumbing upgrade with new fixtures, new flooring in kitchen and bath, resurfaced hardwood floors, refinished kitchen cupboards, and full interior repaint, 2024: New hot water boiler. Currently tenant-occupied on a month-to-month lease, with tenants expressing interest in staying on, this home offers immediate rental income potential. Whether you're searching for a profitable rental property or a place to call home, this well-maintained and centrally located house won't last long! (id:56688)
Property Details
Listing ID: 28412576
Address: 254 Freshwater Road, St. John's, Newfoundland & Labrador, Canada A1B1B8
Status: Active
Last updated: 10 days ago ( Jun 10, 2025 )
Year Built: 1946
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: House
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Beds: 6
Baths: 2
1/2 Baths: 0
Heating: Heat Pump
Sewer: Municipal sewage system
Flooring: Hardwood, Ceramic Tile
Fencing: Fence
Living Area Total: 1,856 square feet
Price per sq ft: $186
Tax Annual Amount: $2,154
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Heat Pump
Flooring: Hardwood, Ceramic Tile
Exterior Features: Aluminum siding, Vinyl siding
Common Interest: Freehold
Number of photos available: 26
Rurl
Coordinates: [47.563228, -52.736964]
Rooms
| Second level | Bedroom Bedroom Bedroom Bedroom Bath (# pieces 1-6) Primary Bedroom | 11.6x8.9/5.2 null 11.3x8.7 null 11.3x8.7 null 11.7x9.4 null 4 pc 13.8x11.6 null |
| Main level | Mud room Laundry room Bath (# pieces 1-6) Bedroom Kitchen Dining room Living room Porch | 9.1x7.1 null 5.2x5.1 null 4 pc 9.8x8.1 null 15.1x9.4 null 9.6x9.4 null 17.2x11.7 null 8x5 null |
Basic Calculator
First Mortgage: $275,920
Mortgage insurance premium: $0
Total Financing: $275,920
Rough closing fee (1.5%): ~ $5,174
Total downpayment with estimated closing fee: $74,154
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,042 | $24,504 |
| Gross rental income (income/principal ratio) | 0.592% | 7.105% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $432 | $5,184 |
| Vacancy | $103 | $1,226 |
| Management Fee | $164 | $1,961 |
| Expense / Income Ratio | 21.16% | 21.16% |
| Cash Flow | $1,345 | $16,140 |
| Net Operating Income (NOI) | $1,345 | $16,140 |
| Capitalization Rate | 0.39% | 4.68% |
