About the property (MLS: 1286457):
Welcome to 6 Leonard Place—a rare opportunity tucked into a quiet cul-de-sac in the East End of St. John’s. The structure is not habitable, there is no interior access, and the cost of repair is reflected in the aggressive $94,900 list price—below what vacant land trades for in this neighbourhood. But for the right buyer, that’s where the value starts. Whether you're a builder, flipper, investor, or future homeowner with vision, this lot offers a rare blank slate in a location that has it all—great schools, mature trees, long-term neighbours, and walking access to parks, shopping, and amenities. Just minutes from Roncalli Elementary, Stavanger Drive, and the vibrant downtown core, the East End is one of the most desirable areas in the city for good reason. Hold and build later, or roll right into development with a plan that fits your goals. Municipal permits for demo and construction will be required, and the property is being sold strictly as-is, where-is. But for those willing to take on the project, this could be your chance to create something special—from the ground up—in one of the city’s most stable and sought-after markets. Bring your ideas, your crew, and your vision. With the right approach, 6 Leonard Place could become the foundation for your next great move. (id:56688)
Property Details
Listing ID: 28464511
Address: 6 Leonard Place, St. John's, Newfoundland & Labrador, Canada A1A4Z2
Status: Active
Last updated: 25 days ago ( Jun 16, 2025 )
Year Built: 1970
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 3
Baths: 1
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,150 square feet
Price per sq ft: $83
Tax Annual Amount: $1,417
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: See remarks
Water Source: Municipal water
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 5
Rurl
Coordinates: [47.612108, -52.727704]
Rooms
Main level | Bedroom Primary Bedroom Living room Bedroom Dining room Kitchen | 16'4"" x 8'0"" null 13'8"" x 8'5"" null 12'6"" x 11'2"" null 9'5"" x 9'3"" null 10'0"" x 9'3"" null 11'2"" x 7'5"" null |
Basic Calculator
First Mortgage: $75,920
Mortgage insurance premium: $0
Total Financing: $75,920
Rough closing fee (1.5%): ~ $1,424
Total downpayment with estimated closing fee: $20,404
Investment Calculator:
Monthly | Yearly | |
---|---|---|
Gross Revenue | $1,265 | $15,180 |
Gross rental income (income/principal ratio) | 1.333% | 15.996% |
Mortgage | $0 | $0 |
Monthly Expenses | $119 | $1,428 |
Vacancy | $64 | $759 |
Management Fee | $102 | $1,215 |
Expense / Income Ratio | 9.41% | 9.41% |
Cash Flow | $982 | $11,784 |
Net Operating Income (NOI) | $982 | $11,784 |
Capitalization Rate | 1.03% | 12.42% |