79 Stamps Lane
St. John's, NL, A1B3H7
4 Beds | 3 Baths
$289,900
About the property (MLS: 1286595):
Welcome to 79 Stamps Lane – a fantastic 2-apartment home situated on an oversized 150 ft lot with drive-through access, mature trees, and a private rear deck perfect for relaxing or entertaining. This property features 4 bedrooms and 3 full bathrooms across two units, making it an ideal choice for investors or first-time home buyers looking for a home with income potential. The long-term tenants provide reliable rental income, and recent improvements—including updated windows, doors, siding, shingles, and flooring in both units—provide a solid foundation for future updates and personalization. Conveniently located within walking distance of the Avalon Mall, Memorial University, the Health Science Centre, and Prince of Wales Collegiate (PWC) school, this home is also on a bus route, offering unmatched accessibility for students and commuters alike. With its prime location, ample lot size, private deck, and modern updates, 79 Stamps Lane is an excellent investment opportunity or the perfect place to call home. Don't miss out—schedule your viewing today! No conveyance of any offers until 5pm June 29th 2025, with all offers left open until 9pm June 29th, 2025. (id:56688)
Property Details
Listing ID: 28523020
Address: 79 Stamps Lane, St. John's, Newfoundland & Labrador, Canada A1B3H7
Status: Active
Last updated: 15 days ago ( Jun 26, 2025 )
Year Built: 1952
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: Two Apartment House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 4
Baths: 3
1/2 Baths: 0
Heating: Baseboard heaters, Oil, Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,543 square feet
Price per sq ft: $188
Tax Annual Amount: $1,890
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator, Stove
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Oil, Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 22
Rurl
Coordinates: [47.562149, -52.741804]
Rooms
| Basement | Storage Bath (# pieces 1-6) Bedroom Not known | 14' x 25' null 8'7"" x 5'7"" null 11' x 11' null 10'8"" x 9' null |
| Main level | Bath (# pieces 1-6) Living room Bedroom Kitchen Bath (# pieces 1-6) Living room Bedroom Bedroom Kitchen | 5'5"" x 7'6"" null 13'6"" x 10'8"" null 10'6"" x 9' null 13'8"" x 7' null 4'6"" x 6'7"" null 14' x 12'6"" null 10'6"" x 10' null 11"" x 7'6"" null 11'6"" x 10'6"" null |
Basic Calculator
First Mortgage: $231,920
Mortgage insurance premium: $0
Total Financing: $231,920
Rough closing fee (1.5%): ~ $4,349
Total downpayment with estimated closing fee: $62,329
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,698 | $20,376 |
| Gross rental income (income/principal ratio) | 0.586% | 7.029% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $363 | $4,356 |
| Vacancy | $85 | $1,019 |
| Management Fee | $136 | $1,631 |
| Expense / Income Ratio | 21.38% | 21.38% |
| Cash Flow | $1,115 | $13,380 |
| Net Operating Income (NOI) | $1,115 | $13,380 |
| Capitalization Rate | 0.38% | 4.62% |
