About the property (MLS: 1287060):
Opportunity Knocks – Rare 3-in-1 Property! This unique corner property is more than just a registered two-apartment home — it also includes a third, separately metered space that was formerly a convenience store, offering exciting potential for future business or further development. The prime location, on the corner of Hamlyn Road and Canada Drive, this property benefits from excellent visibility, lots of parking, and great-exposure, perfect for attracting customers if desired, or conveniently located on bus routes and all amenities for day to day ease. The main home features 3 spacious bedrooms, full bathroom, large living room, dining area, and the laundry room off of the eat in kitchen. The one bedroom apartment has its own laundry and separate driveway. The bonus space – that was previously operated as a a successful convenience store, could potentially make a fantastic business opportunity again, or could even be converted into a third apartment. This area is currently being used as a personal storage space, but it still has a walk in cooler, an office and a half bathroom. Whether you’re an investor, entrepreneur, or multi-generational homeowner, this property offers incredible flexibility, exceptional value and unique opportunities. Book your private showing today! (id:56688)
Property Details
Listing ID: 28526014
Address: 94 Hamlyn Road, St. John's, Newfoundland & Labrador, Canada A1E4J6
Status: Active
Last updated: 12 days ago ( Jun 29, 2025 )
Year Built: 1971
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 4
Baths: 3
1/2 Baths: 1
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Other, Mixed Flooring
Living Area Total: 2,578 square feet
Price per sq ft: $156
Tax Annual Amount: $3,120
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Baseboard heaters, Electric
Flooring: Laminate, Other, Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 19
Rurl
Coordinates: [47.537154, -52.75568]
Rooms
Basement | Bath (# pieces 1-6) Not known Not known Not known | 4pc 6x7 null 9x11 null 16x20 null |
Main level | Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom Laundry room Dining room Not known Living room | 4pc 8.5x12 null 7x11 null 10.5x14 null 6x7 null 10.5x12 null 13.5x11 null 16x15 null |
Lower level | Bath (# pieces 1-6) Office | 2pc 10x12 null |
Other | Storage | 24x24 null |
Basic Calculator
First Mortgage: $319,920
Mortgage insurance premium: $0
Total Financing: $319,920
Rough closing fee (1.5%): ~ $5,999
Total downpayment with estimated closing fee: $85,979
Investment Calculator:
Monthly | Yearly | |
---|---|---|
Gross Revenue | $2,836 | $34,032 |
Gross rental income (income/principal ratio) | 0.709% | 8.510% |
Mortgage | $0 | $0 |
Monthly Expenses | $500 | $6,000 |
Vacancy | $142 | $1,702 |
Management Fee | $227 | $2,723 |
Expense / Income Ratio | 17.63% | 17.63% |
Cash Flow | $1,968 | $23,616 |
Net Operating Income (NOI) | $1,968 | $23,616 |
Capitalization Rate | 0.49% | 5.91% |