13 Argyle Street
St. John's, NL, A1A1V4
7 Beds | 3 Baths
$439,900
About the property (MLS: 1291803):
What a great investment Opportunity: 3-Unit Multi-Family Property in Prime Location! Discover a rare opportunity to own a well-appointed 3-unit property in a highly desirable neighbourhood surrounded by mature trees and a private, peaceful setting. Perfectly suited for investors, this property offers strong rental potential with long-term tenants already in place and eager to stay. Property features two comfortable 2-bedroom apartments and one spacious 3-bedroom apartment, each unit having its own private driveway for added convenience. Stable, long-term tenants providing immediate rental income (current total $3200/month). This property combines the charm of a quiet, tree-lined neighbourhood with the convenience of being just minutes from everything. With three separate units, reliable tenants, and excellent proximity to MUN, the Health Sciences Centre, Churchill Square and downtown, this is a turnkey investment opportunity that rarely comes available. Don’t miss the chance to add this income-generating property to your portfolio. (id:56688)
Property Details
Listing ID: 29017689
Address: 13 Argyle Street, St. John's, Newfoundland & Labrador, Canada A1A1V4
Status: Active
Last updated: 23 days ago ( Oct 22, 2025 )
Year Built: 1969
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 7
Baths: 3
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 2,824 square feet
Price per sq ft: $156
Tax Annual Amount: $2,925
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: See remarks
Water Source: Municipal water
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 29
Rurl
Coordinates: [47.581549, -52.710984]
Rooms
| Basement | Bath (# pieces 1-6) Kitchen Bedroom Bedroom Living room | 4pc 12.2 x 13.8 null 10.1 x 13.8 null 10.3 x 13.9 null 13.8 x 13.8 null |
| Second level | Bath (# pieces 1-6) Kitchen Bedroom Bedroom Family room | 4pc 16.8 x 8.11 null 9.2 x 8.10 null 15.1 x 14.1 null 14.1 x 14.2 null |
| Main level | Bath (# pieces 1-6) Kitchen Bedroom Bedroom Bedroom Dining room Family room | 4pc 11.1 x 11.7 null 13.5 x 7.8 null 11.1 x 11.5 null 12.8 x 14 null 11.3 x 9 null 14.1 x 13.6 null |
Basic Calculator
First Mortgage: $351,920
Mortgage insurance premium: $0
Total Financing: $351,920
Rough closing fee (1.5%): ~ $6,599
Total downpayment with estimated closing fee: $94,579
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,107 | $37,284 |
| Gross rental income (income/principal ratio) | 0.706% | 8.476% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $550 | $6,600 |
| Vacancy | $156 | $1,865 |
| Management Fee | $249 | $2,983 |
| Expense / Income Ratio | 17.70% | 17.70% |
| Cash Flow | $2,154 | $25,848 |
| Net Operating Income (NOI) | $2,154 | $25,848 |
| Capitalization Rate | 0.49% | 5.88% |
