11 Maxse Street
St. John's, NL, A1C2S6
0 Bed |
$775,000
About the property (MLS: 1287208):
An investment opportunity like no other in the heart of Georgestown - one of the most sought-after neighbourhoods in St. John's - this extremely well-maintained, 3 unit property offers a unique combination of heritage charm, residential comfort and income-generating potential. All units are self-contained with laundry and have a one bedroom layout, unit A being the most spacious featuring a private backyard with ample gardening space, renovated kitchen, additional dining area and office, ornate fireplace, and off-street parking making it an ideal space for an owner-occupier or a high-demand rental unit. Additionally, this unit also offers a mostly undeveloped basement space, that is dry and perfect for storage, not commonly afforded in most multi-unit homes. The second and third floor units, while slightly smaller, certainly do not disappoint with unit B featuring a bright white kitchen, and elegant fireplaces with exposed brick in the living and bedrooms. Unit C's defining feature is the patio with a view towards Signal Hill, that would be visible year round if it weren't for the mature trees of the area. Currently fully occupied with fantastic long term tenants, the property is situated on a quiet street in a gentrifying area, offering easy access to downtown amenities, Memorial University, and key transit routes. The Georgestown location ensures long-term appreciation potential and strong demand for rentals, making it a prime choice for investors seeking stability and growth. (id:56688)
Property Details
Listing ID: 28559973
Address: 11 Maxse Street, St. John's, Newfoundland & Labrador, Canada A1C2S6
Status: Active
Last updated: 6 days ago ( Jul 4, 2025 )
Year Built: 1900
Property Type: Single Family
Structure Type: Multi-Family
Ownership Type: Freehold
Beds: 0
Heating: Hot water radiator heat, Radiant heat, Oil, Electric
Sewer: Municipal sewage system
Living Area Total: 3,176 square feet
Price per sq ft: $245
Tax Annual Amount: $3,437
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Parcel Number: 11395
Foundation Details: Concrete
Heating: Hot water radiator heat, Radiant heat, Oil, Electric
Exterior Features: Other
Common Interest: Freehold
Number of photos available: 33
Rurl
Coordinates: [47.57043, -52.712611]
Rooms
Basic Calculator
First Mortgage: $620,000
Mortgage insurance premium: $0
Total Financing: $620,000
Rough closing fee (1.5%): ~ $11,625
Total downpayment with estimated closing fee: $166,625
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,494 | $41,928 |
| Gross rental income (income/principal ratio) | 0.451% | 5.410% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $969 | $11,628 |
| Vacancy | $175 | $2,097 |
| Management Fee | $280 | $3,355 |
| Expense / Income Ratio | 27.73% | 27.73% |
| Cash Flow | $2,071 | $24,852 |
| Net Operating Income (NOI) | $2,071 | $24,852 |
| Capitalization Rate | 0.27% | 3.21% |
