48 Colonial Street
St. Johns, NL, A1C3N1
3 Beds | 2 Baths
$338,000
About the property (MLS: 1286830):
Welcome to 48 Colonial Street, a beautifully restored downtown gem just steps from Bannerman Park. This unique property offers the perfect blend of historic charm and modern comfort in one of St. John’s most desirable neighbourhoods. With three bedrooms and a warm, inviting layout, this home is ideal for first-time buyers, couples, or investors looking to revive a once successful Airbnb. The standout feature is the private backyard oasis, complete with a hot tub—wired by a certified electrician—an exceptional find in the downtown core. Since 2019, the property has seen numerous upgrades including a new window in the loft bedroom, new backyard deck and landscaping, a new front door, washer and dryer, a stylish kitchen backsplash, and a water filtration system for clean drinking water at the tap. Inside, you’ll find an open-concept main floor with great natural light and a kitchen perfect for entertaining. Located within walking distance to downtown restaurants, shops, and nightlife, this home offers not only a fantastic place to live but also a smart investment opportunity. Some furnishings may be negotiated into the sale at an additional cost. Don’t miss the chance to own a truly special home in the heart of downtown St. John’s. The fireplace is not WETT certified and is non-functional. The home is being sold strictly as is, where is, and any home inspections are for the buyer’s informational purposes only. Seller’s directive: No conveyance of any written signed offers prior to 6:00 PM on July 11th, 2025. The seller further directs that all offers must remain open for acceptance until 11:00 PM on July 11th, 2025. (id:56688)
Property Details
Listing ID: 28567169
Address: 48 Colonial Street, St. Johns, Newfoundland & Labrador, Canada A1C3N1
Status: Active
Last updated: 6 days ago ( Jul 7, 2025 )
Year Built: 2018
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 2.5
Number of Levels: 2.5
Beds: 3
Baths: 2
1/2 Baths: 1
Heating: Baseboard heaters, Radiant heat, Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Other, Mixed Flooring
Fencing: Fence
Living Area Total: 1,174 square feet
Price per sq ft: $288
Tax Annual Amount: $2,230
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Baseboard heaters, Radiant heat, Electric
Flooring: Hardwood, Other, Mixed Flooring
Exterior Features: Wood, Wood shingles, Other
Common Interest: Freehold
Number of photos available: 35
Rurl
Coordinates: [47.569979, -52.705362]
Rooms
| Second level | Bath (# pieces 1-6) Bedroom Primary Bedroom | To Follow null 11.2x7.8 null 9.11x11.2 null |
| Main level | Bath (# pieces 1-6) Kitchen Living room/Dining room | To Follow null 9x12.2 null 20.11x15.2 null |
| Third level | Bedroom | 15.5x13.4 null |
Basic Calculator
First Mortgage: $270,400
Mortgage insurance premium: $0
Total Financing: $270,400
Rough closing fee (1.5%): ~ $5,070
Total downpayment with estimated closing fee: $72,670
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,292 | $15,504 |
| Gross rental income (income/principal ratio) | 0.382% | 4.587% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $423 | $5,076 |
| Vacancy | $65 | $776 |
| Management Fee | $104 | $1,241 |
| Expense / Income Ratio | 32.74% | 32.74% |
| Cash Flow | $702 | $8,424 |
| Net Operating Income (NOI) | $702 | $8,424 |
| Capitalization Rate | 0.21% | 2.49% |
