2 MacGregor Street
St. John’s, NL, A1A3H6
5 Beds | 2 Baths
$349,900
About the property (MLS: 1287296):
Attention Investors! Located on a prime corner lot in Virginia Park, in the desirable east end of St. John’s, this two-apartment home is an excellent investment opportunity. The main floor features a spacious three-bedroom unit, while the basement apartment offers two bedrooms with durable laminate flooring. Each unit has its own private driveway, providing added convenience and privacy for tenants. Recent upgrades include new front and back decks, a torch-on roof completed in the summer of 2025, and mostly vinyl windows throughout the property. Both units are currently rented with long-term tenants who wish to stay, generating a total monthly income of $1975 POU, 1100 up and 875 down, however the rental income could be substantially higher with updated rents. No conveyance of any written signed offers prior to 5 PM on July 7, 2025 the seller further direct that all offers remain open for acceptance until 9 PM that day. Please attached signed PCDS to any offers. (id:56688)
Property Details
Listing ID: 28557180
Address: 2 MacGregor Street, St. John’s, Newfoundland & Labrador, Canada A1A3H6
Status: Active
Last updated: 7 days ago ( Jul 4, 2025 )
Year Built: 1975
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: Two Apartment House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 5
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 2,416 square feet
Price per sq ft: $145
Tax Annual Amount: $2,313
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: Wood, Poured Concrete
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 16
Rurl
Coordinates: [47.597459, -52.696694]
Rooms
| Lower level | Not known Not known Not known Not known Not known Laundry room | 13 x 13 null 12 x 10 null 13 x 16 null 13 x 8 null 11 x 8 null 9 x 13 null |
| Main level | Bedroom Bedroom Primary Bedroom Kitchen Dining room Living room | 9 x 12 null 9 x 12 null 13 x 12 null 15 x 10 null 13 x 12 null 16 x 15 null |
Basic Calculator
First Mortgage: $279,920
Mortgage insurance premium: $0
Total Financing: $279,920
Rough closing fee (1.5%): ~ $5,249
Total downpayment with estimated closing fee: $75,229
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,658 | $31,896 |
| Gross rental income (income/principal ratio) | 0.760% | 9.116% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $438 | $5,256 |
| Vacancy | $133 | $1,595 |
| Management Fee | $213 | $2,552 |
| Expense / Income Ratio | 16.48% | 16.48% |
| Cash Flow | $1,875 | $22,500 |
| Net Operating Income (NOI) | $1,875 | $22,500 |
| Capitalization Rate | 0.54% | 6.43% |
