39 Forbes Street
St John's, NL, A1E3L7
4 Beds | 2 Baths
$325,000
About the property (MLS: 1285861):
This well-maintained two-apartment home offers both versatility and value. Whether you're looking for a solid investment property or prefer to live in one unit and rent the other, this home has you covered. Located in a central, convenient neighbourhood next to the Village Mall and other amenities, the main floor features a beautifully renovated open-concept kitchen, dining, and living area—ideal for entertaining family and friends. Highlights include modern finishes, a stylish wood accent wall, upgraded trim, and hardwood floors throughout. The main unit also includes three bedrooms, a renovated bathroom, and access to the basement with a rec/storage room and utility area. The bright and registered one-bedroom basement apartment offers a fantastic mortgage helper or space for extended family. Outside, you’ll find a fully fenced backyard that backs onto green space, a storage shed, and plenty of paved parking in the large driveway. Some upgraded over the past few years, this move-in-ready property offers great value and a central location close to schools, shopping, and more. As per Sellers direction offers to be in by 4pm Monday June 9 and open until 8pm (id:56688)
Property Details
Listing ID: 28427279
Address: 39 Forbes Street, St John's, Newfoundland & Labrador, Canada A1E3L7
Status: Active
Last updated: 15 days ago ( Jun 6, 2025 )
Year Built: 1965
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 4
Baths: 2
1/2 Baths: 0
Heating: Forced air, Oil
Sewer: Municipal sewage system
Flooring: Hardwood, Mixed Flooring
Fencing: Fence
Living Area Total: 1,950 square feet
Price per sq ft: $167
Tax Annual Amount: $2,287
Tax Year: 2025
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: Forced air, Oil
Flooring: Hardwood, Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 45
Rurl
Coordinates: [47.536908, -52.748478]
Rooms
| Basement | Not known Not known Not known Utility room Storage | 9x11 null 11x10 null 7x15 null 8x15 null 8x11 null |
| Main level | Bedroom Bedroom Primary Bedroom Living room Not known | 11x8 null 11x8 null 10x9 null 11x10 null 16x11 null |
Basic Calculator
First Mortgage: $260,000
Mortgage insurance premium: $0
Total Financing: $260,000
Rough closing fee (1.5%): ~ $4,875
Total downpayment with estimated closing fee: $69,875
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,145 | $25,740 |
| Gross rental income (income/principal ratio) | 0.660% | 7.920% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $407 | $4,884 |
| Vacancy | $108 | $1,287 |
| Management Fee | $172 | $2,060 |
| Expense / Income Ratio | 18.97% | 18.97% |
| Cash Flow | $1,460 | $17,520 |
| Net Operating Income (NOI) | $1,460 | $17,520 |
| Capitalization Rate | 0.45% | 5.39% |
