20 Gear Street
St. John's, NL, A1C2J5
4 Beds | 2 Baths
$199,900
About the property (MLS: 1291740):
This Semi Detached Downtown 2 Apartment is just minutes walk to Pedestrian Mall, Convention Centre, St. Clares Hospital, Prince of Whales Arena and more. This is perfect for a first time home buyer, as a long term rental property or Air Bnb. The top unit has a 3 bright bedrooms, a 3 piece bathroom with laundry, and eat in kitchen with walkout access to a private patio. This could be rented as a 3 bedroom apartment, or a 2 bedroom plus living room. The lower above ground 1 bedroom apartment has a bright living room, bedroom, 3 piece bathroom and an eat in kitchen with laundry. It is occupied by a long term tenant who wishes to stay. Book your private viewing today! No conveyance of offers until Friday October 24th 2025 at 2PM. Offers to be left open until 7PM (id:56688)
Property Details
Listing ID: 29013005
Address: 20 Gear Street, St. John's, Newfoundland & Labrador, Canada A1C2J5
Status: Active
Last updated: 24 days ago ( Oct 21, 2025 )
Year Built: 1945
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: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate
Fencing: Fence
Living Area Total: 1,360 square feet
Price per sq ft: $147
Tax Annual Amount: $1,975
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Laminate
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 18
Rurl
Coordinates: [47.561953, -52.718097]
Rooms
| Second level | Bedroom Bedroom Bedroom Bath (# pieces 1-6) Not known | 10.6 X 13.6 null 10.6 X 11 null 7 X 9 null 3 Piece null 9 X 11 null |
| Main level | Bath (# pieces 1-6) Bedroom Not known Living room | 3 Piece null 11.6 X 12.6 null 10.6 X 11.6 null 13.6 X 14.6 null |
Basic Calculator
First Mortgage: $159,920
Mortgage insurance premium: $0
Total Financing: $159,920
Rough closing fee (1.5%): ~ $2,999
Total downpayment with estimated closing fee: $42,979
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,497 | $17,964 |
| Gross rental income (income/principal ratio) | 0.749% | 8.986% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $250 | $3,000 |
| Vacancy | $75 | $899 |
| Management Fee | $120 | $1,438 |
| Expense / Income Ratio | 16.70% | 16.70% |
| Cash Flow | $1,053 | $12,636 |
| Net Operating Income (NOI) | $1,053 | $12,636 |
| Capitalization Rate | 0.53% | 6.32% |
