8-8A Forest Road
St. John's, NL, A1C2B9
8 Beds | 8 Baths
$1,399,000
About the property (MLS: 1286420):
Unique historical home in downtown St. John's bordering on the Sheraton Hotel. This listing is the former home of Newfoundland's ninth Prime Minister, the Right Honourable Walter S. Monroe 1924-1928. Designated as a heritage home, this property features 8 bedrooms, each with their own ensuite. Some upgrades include: electrical, plumbing, asphalt roof shingles (2024), sprinkler and CO2 system, and exterior totally repainted (2025). This well maintained home has a 10-zone hot water radiation heating system. A commercial kitchen is located on the main floor. This is an excellent property in one of St. John's finest neighbourhoods. Measurements are approximate; Purchaser to verify. Walking distance to everything downtown. (id:56688)
Property Details
Listing ID: 28459721
Address: 8-8A Forest Road, St. John's, Newfoundland & Labrador, Canada A1C2B9
Status: Active
Last updated: 9 days ago ( Jul 2, 2025 )
Property Type: Other
Structure Type: Other
Ownership Type: Freehold
Beds: 8
Baths: 8
1/2 Baths: 0
Heating: Hot water radiator heat, Oil, Radiator
Sewer: Municipal sewage system
Flooring: Hardwood
Living Area Total: 7,425 square feet
Price per sq ft: $189
Tax Annual Amount: $6,873
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Range - Gas, Dryer
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Hot water radiator heat, Oil, Radiator
Flooring: Hardwood
Exterior Features: Other
Common Interest: Freehold
Number of photos available: 46
Rurl
Coordinates: [47.57194, -52.70118]
Rooms
| Main level | Kitchen Bedroom Bedroom Bedroom Dining room Foyer | 21 x 12 null 17 x 16 null 22 x 10 null 16 x 16 null 20 x 17 null 32 x 12 null |
| Third level | Family room Bedroom Bedroom | 16 x 15 null 21 x 18 null 15 x 12 null |
| Second level | Laundry room Living room Bedroom Bedroom Bedroom | 10 x 7 null 17 x 15 null 17 x 16 null 16 x 16 null 15 x 12 null |
Basic Calculator
First Mortgage: $1,119,200
Mortgage insurance premium: $0
Total Financing: $1,119,200
Rough closing fee (1.5%): ~ $20,985
Total downpayment with estimated closing fee: $300,785
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $8,168 | $98,016 |
| Gross rental income (income/principal ratio) | 0.584% | 7.006% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $1,749 | $20,988 |
| Vacancy | $409 | $4,901 |
| Management Fee | $654 | $7,842 |
| Expense / Income Ratio | 21.41% | 21.41% |
| Cash Flow | $5,358 | $64,296 |
| Net Operating Income (NOI) | $5,358 | $64,296 |
| Capitalization Rate | 0.38% | 4.60% |
