162 Hamilton Avenue
St. John's, NL, A1E1J5
4 Beds | 2 Baths
$339,900
About the property (MLS: 1286526):
Excellent investment opportunity situated directly across from Victoria Park and just minutes from downtown St. John’s. This fully renovated property features two elevated two-bedroom apartments, each with independent laundry hook-ups. The lower unit has been completely redone from top to bottom, offering a sleek and modern living space ideal for an owner-occupier or investor. Renovations include reframed, insulated, and drywalled walls; new subfloors; self-levelled apartment flooring; new laminate throughout; fresh paint; updated trim, baseboards, doors, and a new front entry door. The laundry room was reconfigured into a combined bath/laundry area with all new fixtures and plumbing rough-ins professionally completed. Additional upgrades include two brand new hot water boilers, repairs to the hot water closet, a serviced air exchanger with new exterior vent and dryer piping, and repaired windows with new screens. Brand new appliances — including fridge, stove, dishwasher, and range hood — are included in the bottom unit. Exterior wall repairs were completed at the rear of the property, and new closet shelving and rods have been added throughout. New eavestroughs have been installed as well. Situated on a mature lot with a legal thoroughfare to rear parking, the property offers off-street parking with all new crushed stone. Recent rental rates have reached $1,250 POU for the upper unit and $1,400 POU for the lower unit. The home has a strong rental history with consistent full occupancy and is within walking distance to downtown, parks, schools, shopping, and more. Whether you're looking to offset your mortgage with strong rental income or invest in a turnkey duplex in a prime location, this property delivers excellent value. All measurements are approximate and should be verified by the purchaser. . Please book through BrokerBay (id:56688)
Property Details
Listing ID: 28499562
Address: 162 Hamilton Avenue, St. John's, Newfoundland & Labrador, Canada A1E1J5
Status: Active
Last updated: 21 days ago ( Jun 20, 2025 )
Year Built: 1945
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 4
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Mixed Flooring
Living Area Total: 1,280 square feet
Price per sq ft: $266
Tax Annual Amount: $2,053
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: Baseboard heaters, Electric
Flooring: Laminate, Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 35
Rurl
Coordinates: [47.553168, -52.720996]
Rooms
| Second level | Laundry room Bath (# pieces 1-6) Bedroom Bedroom Living room Kitchen | 9.04 x 5.10 null B4 null 11.08 x 11.03 null 8.10 x 8.00 null 13.00 x 10.07 null 12.10 x 9.05 null |
| Main level | Porch Bath (# pieces 1-6) Bedroom Primary Bedroom Living room Kitchen | 6.08 x 4.11 null B4 null 9.04 x 8.05 null 11.20 x 8.90 null 14.00 x 11.70 null 10.02 x 9.04 null |
Basic Calculator
First Mortgage: $271,920
Mortgage insurance premium: $0
Total Financing: $271,920
Rough closing fee (1.5%): ~ $5,099
Total downpayment with estimated closing fee: $73,079
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,408 | $16,896 |
| Gross rental income (income/principal ratio) | 0.414% | 4.971% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $425 | $5,100 |
| Vacancy | $71 | $845 |
| Management Fee | $113 | $1,352 |
| Expense / Income Ratio | 30.18% | 30.18% |
| Cash Flow | $800 | $9,600 |
| Net Operating Income (NOI) | $800 | $9,600 |
| Capitalization Rate | 0.24% | 2.82% |
