22 Young Street
St. John's, NL, A1C1Y7
4 Beds | 2 Baths
$309,900
About the property (MLS: 1287402):
First time buyers or investors will want to check this one out! 22 Young Street is a 2-apartment home in the heart of downtown St. John's with beautiful views of the harbour and narrows. The main unit features bright living room with multiple windows and eat-in kitchen which accesses the rear deck. On the main floor, you'll also find one of 3 bedrooms, bathroom, and main floor laundry. Upstairs locates 2 more well appointed bedrooms. The bright and airy one bedroom apartment is above ground and has its own meter and laundry. This home has seen plenty of upgrading over the years including electric heat, laminate floors. and vinyl windows. On bus routes and within walking distance to countless amenities and downtown entertainment, this property is a must see! Arrange your viewing today, because it won't last long in today's market. As per attached Seller's Direction, there will be no conveyance of offers prior to 12pm on July 9th with offers to remain open until 5pm the same day. (id:56688)
Property Details
Listing ID: 28560231
Address: 22 Young Street, St. John's, Newfoundland & Labrador, Canada A1C1Y7
Status: Active
Last updated: 6 days ago ( Jul 4, 2025 )
Year Built: 2025
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 4
Baths: 2
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,470 square feet
Price per sq ft: $211
Tax Annual Amount: $2,117
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: See remarks
Water Source: Municipal water
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 23
Rurl
Coordinates: [47.564013, -52.713037]
Rooms
| Basement | Not known Kitchen Living room | 11.5x8.0 null 11.5x6.5 null 14.5x12.0 null |
| Second level | Bedroom Primary Bedroom | 13.0x10.0 null 13.0x10.0 null |
| Main level | Bedroom Kitchen Living room | 11.0x8.0 null 11.5x10.5 null 12.5x11.0 null |
Basic Calculator
First Mortgage: $247,920
Mortgage insurance premium: $0
Total Financing: $247,920
Rough closing fee (1.5%): ~ $4,649
Total downpayment with estimated closing fee: $66,629
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,618 | $19,416 |
| Gross rental income (income/principal ratio) | 0.522% | 6.265% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $388 | $4,656 |
| Vacancy | $81 | $971 |
| Management Fee | $130 | $1,554 |
| Expense / Income Ratio | 23.98% | 23.98% |
| Cash Flow | $1,020 | $12,240 |
| Net Operating Income (NOI) | $1,020 | $12,240 |
| Capitalization Rate | 0.33% | 3.95% |
