40 Rutledge Crescent
St. John's, NL, A1A3J6
5 Beds | 2 Baths
$425,000
About the property (MLS: 1292024):
Welcome to 40 Rutledge Crescent! This great 2 apartment home has 3 bedrooms and 1 bath upstairs along with a 2 bed 1 bath basement apartment. This home has great potential as a rental or would make a great first home with the benefit of having a basement apartment to cover some of the mortgage! As you enter the main floor you walk into a great sized porch that enters into a great sized living area with hardwood floors and lots of natural light. The kitchen and dining area is a great size that overlooks the large rear yard. the three bedrooms on the main floor are all a great size. The upstairs apartment also has a benefit of having a portion of the basement for a laundry room and storage/utility area. The newly rented basement apartment features a good sized kitchen and living area. The basement apartment also has 2 great sized bedrooms and a nicely sized bathroom. This home has seen countless upgrades over the past few years such as new front and rear patios, new baseboard heaters, new fridge stove and dishwasher, pot lights in living room, new light fixtures, all new basement apartment! This home is a must see and wont last long! Offers to be submitted by 1pm November the 3rd. (id:56688)
Property Details
Listing ID: 29039987
Address: 40 Rutledge Crescent, St. John's, Newfoundland & Labrador, Canada A1A3J6
Status: Active
Last updated: 16 days ago ( Oct 28, 2025 )
Year Built: 1975
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: Two Apartment House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 5
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Other, Ceramic Tile
Fencing: Fence
Living Area Total: 2,160 square feet
Price per sq ft: $197
Tax Annual Amount: $3,900
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, Electric
Flooring: Laminate, Other, Ceramic Tile
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 29
Rurl
Coordinates: [47.599403, -52.696192]
Rooms
| Basement | Not known Not known Bath (# pieces 1-6) Not known Not known Laundry room Utility room | 10'9"" x 12'7"" null 9'6"" x 11'4"" null 5'2"" x 11'4"" null 12'7"" x 10'9"" null 10'6"" x 11'3"" null 7'3"" x 8'9"" null 12' x 13'4"" null |
| Main level | Primary Bedroom Bedroom Bedroom Bath (# pieces 1-6) Porch Kitchen Dining room Living room | 13'4"" x 9'4"" null 12'11"" x 8'5"" null 8'7"" x 9'3"" null 8'7"" x 5' null 3'11"" x 7' null 13'4"" x 11'1"" null 9'2"" x 8'10"" null 13' x 15'8"" null |
Basic Calculator
First Mortgage: $340,000
Mortgage insurance premium: $0
Total Financing: $340,000
Rough closing fee (1.5%): ~ $6,375
Total downpayment with estimated closing fee: $91,375
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,376 | $28,512 |
| Gross rental income (income/principal ratio) | 0.559% | 6.709% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $532 | $6,384 |
| Vacancy | $119 | $1,426 |
| Management Fee | $191 | $2,281 |
| Expense / Income Ratio | 22.39% | 22.39% |
| Cash Flow | $1,536 | $18,432 |
| Net Operating Income (NOI) | $1,536 | $18,432 |
| Capitalization Rate | 0.36% | 4.34% |
