18 Gear Street
St. John's, NL, A1C2J5
3 Beds | 1 Bath
$249,000
About the property (MLS: 1286539):
Welcome to 18 Gear Street, a charming semi-detached home nestled in the heart of downtown St. John’s. Priced under $250,000, this property presents an ideal opportunity for first-time buyers or those looking to relocate and enjoy the character and history that downtown living has to offer. Inside, you'll find a spacious and thoughtfully designed layout featuring three bedrooms and one full bathroom. The main level boasts an oversized kitchen and dining area—something not often found in many downtown homes—offering plenty of space for cooking, dining, and entertaining. A mini split heat pump with 2 heads have been added in recent years, providing energy-efficient comfort year-round, while the upper floor is equipped with baseboard heaters. The oil furnace remains in place but can be used minimally thanks to the updated heating options, helping to reduce overall energy costs. The home is serviced by a 125 amp breaker panel and includes a cozy walkway that leads to a surprisingly private backyard—perfect for relaxing or entertaining outdoors. With its unique layout, desirable features, and unbeatable location, this home offers exceptional value in today’s competitive market. (id:56688)
Property Details
Listing ID: 28480618
Address: 18 Gear Street, St. John's, Newfoundland & Labrador, Canada A1C2J5
Status: Active
Last updated: 24 days ago ( Jun 17, 2025 )
Year Built: 2025
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: House
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Beds: 3
Baths: 1
1/2 Baths: 0
Heating: Baseboard heaters, Oil, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Carpeted, Mixed Flooring
Fencing: Fence
Living Area Total: 1,340 square feet
Price per sq ft: $186
Tax Annual Amount: $1,584
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Dishwasher, Stove, Dryer, Microwave
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Oil, Electric
Flooring: Laminate, Carpeted, Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 24
Rurl
Coordinates: [47.56202, -52.717904]
Rooms
| Second level | Bath (# pieces 1-6) Primary Bedroom Bedroom Bedroom | 4PC null 11 x 11 null 9 x 12 null 9 x 11.6 null |
| Main level | Dining room Kitchen Living room | 12 x 9 null 10 x 18 null 12 x 10.6 null |
Basic Calculator
First Mortgage: $199,200
Mortgage insurance premium: $0
Total Financing: $199,200
Rough closing fee (1.5%): ~ $3,735
Total downpayment with estimated closing fee: $53,535
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,475 | $17,700 |
| Gross rental income (income/principal ratio) | 0.592% | 7.108% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $312 | $3,744 |
| Vacancy | $74 | $885 |
| Management Fee | $118 | $1,416 |
| Expense / Income Ratio | 21.15% | 21.15% |
| Cash Flow | $972 | $11,664 |
| Net Operating Income (NOI) | $972 | $11,664 |
| Capitalization Rate | 0.39% | 4.68% |
