112 CASEY Street
ST. JOHN'S, NL, A1C4X7
4 Beds | 2 Baths
$289,900
About the property (MLS: 1291686):
This is a fantastic project for the return on investment! The siding, windows, and roof are all ready for replacement, but if you're prepared to tackle the outer shell then there's a diamond in that rough. Once home to the Native Friendship Centre, this building is currently registered as a 2-unit with one unit on the top floor having 2 bedrooms and a living room and dining room that could be modified to make it a four bedroom with the unit still having ample space for a living room in the upper foyer. There are a lot of really nice character touches remaining. The main floor unit has a full basement (undeveloped), but the long living room on the main gives the unit a unique touch of personality. Two bedrooms in this unit, with a nice kitchen. Two electrical meters. The detached 23x12 garage is also in need of some repair, but with parking for 6-7 vehicles and that garage, you really can't beat it for a downtown property. (id:56688)
Property Details
Listing ID: 29003338
Address: 112 CASEY Street, ST. JOHN'S, Newfoundland & Labrador, Canada A1C4X7
Status: Active
Last updated: a month ago ( Oct 17, 2025 )
Year Built: 1948
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 4
Baths: 2
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Mixed Flooring
Living Area Total: 3,000 square feet
Price per sq ft: $97
Tax Annual Amount: $1,933
Tax Year: 2025
Garage? Yes
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator, Stove
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Hardwood, Mixed Flooring
Exterior Features: Other
Common Interest: Freehold
Number of photos available: 34
Rurl
Coordinates: [47.558732, -52.716602]
Rooms
| Second level | Bath (# pieces 1-6) Kitchen Bedroom Laundry room Eating area Bedroom Den | 9 x 7 null 12 x 7.7 null 11.5 x 10 null 12 x 13 null 18 x 11.8 null 10 x 10 null 16 x 12 null |
| Main level | Bedroom Bedroom Living room Living room Kitchen | 15 x 12 null 13 x 12 null 21 x 9 null 30 x 9 null 5 x 5 null |
Basic Calculator
First Mortgage: $231,920
Mortgage insurance premium: $0
Total Financing: $231,920
Rough closing fee (1.5%): ~ $4,349
Total downpayment with estimated closing fee: $62,329
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,301 | $39,612 |
| Gross rental income (income/principal ratio) | 1.139% | 13.664% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $363 | $4,356 |
| Vacancy | $166 | $1,981 |
| Management Fee | $265 | $3,169 |
| Expense / Income Ratio | 11.00% | 11.00% |
| Cash Flow | $2,509 | $30,108 |
| Net Operating Income (NOI) | $2,509 | $30,108 |
| Capitalization Rate | 0.87% | 10.39% |
