111 Cornwall Avenue
St. John's, NL, A1E1Z1
6 Beds | 3 Baths
$549,000
About the property (MLS: 1291735):
Great investment property featuring three separate units. The main floor offers a bright open-concept living and dining area, a large kitchen, three bedrooms, and one bathroom. The middle unit includes two bedrooms and an open-concept kitchen, living, and dining space. The lower level has one bedroom with a walk-in closet, a den, a spacious eat-in kitchen, and a large living room. Each unit has its own laundry and plenty of off-street parking, making this an ideal choice for investors or homeowners looking for rental income. Property currently has 2 meters, with the 3rd unit serving as an in-law suite. Vendor is open to converting the property to a registered 3-unit property before closing for the right purchaser. Enquire for details. (id:56688)
Property Details
Listing ID: 29013191
Address: 111 Cornwall Avenue, St. John's, Newfoundland & Labrador, Canada A1E1Z1
Status: Active
Last updated: 24 days ago ( Oct 21, 2025 )
Year Built: 1962
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 6
Baths: 3
1/2 Baths: 0
Heating: Oil, Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 3,450 square feet
Price per sq ft: $160
Tax Annual Amount: $2,306
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Stove, Dryer
Water Source: Municipal water
Foundation Details: Concrete
Heating: Oil, Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 29
Rurl
Coordinates: [47.539771, -52.737405]
Rooms
| Basement | Bath (# pieces 1-6) Den Kitchen Bedroom Living room | 3 piece null 9.0 x 10.2 null 10.4 x 11.4 null 10.2 x 13.0 null 25.8 x 12.7 null |
| Lower level | Bath (# pieces 1-6) Kitchen Bedroom Bedroom Living room | 3 piece null 8.9 x 15.5 null 12.3 x 8.4 null 11.6 x 13.2 null 9.0 x 13.1 null |
| Main level | Bath (# pieces 1-6) Kitchen Bedroom Bedroom Primary Bedroom Living room | 3 piece null 12.0 x 12.4 null 10.2 x 13.0 null 7.5 x 13.0 null 11.4 x 12.3 null 12.7 x 20.8 null |
Basic Calculator
First Mortgage: $439,200
Mortgage insurance premium: $0
Total Financing: $439,200
Rough closing fee (1.5%): ~ $8,235
Total downpayment with estimated closing fee: $118,035
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,796 | $45,552 |
| Gross rental income (income/principal ratio) | 0.691% | 8.297% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $687 | $8,244 |
| Vacancy | $190 | $2,278 |
| Management Fee | $304 | $3,645 |
| Expense / Income Ratio | 18.10% | 18.10% |
| Cash Flow | $2,616 | $31,392 |
| Net Operating Income (NOI) | $2,616 | $31,392 |
| Capitalization Rate | 0.48% | 5.72% |
