183 GOWER Street
ST JOHNS, NL, A1C1R1
4 Beds | 2 Baths
$350,000
About the property (MLS: 1292272):
LOCATED IN HISTORIC DOWNTOWN ST JOHNS , YOU WILL FIND THIS 2 UNIT TOWNHOME ! This home has a main 3 bedroom unit , with a top floor one bedroom in - law apartment . some character remaining with fireplace (non functional) high ceilings , fully rented to long term tenants . recent updates to roof and some windows . walking distance to all downtown has to offer !. Rents are lower than market , income is $1600 month . tenants pay their own utilities , two meters . this listing can be sold in conjunction with the attached 4 unit property, mls 1292270 24-48 hour notice for all viewings . Great opportunity for an investment , to increase your rental property portfolio in this growing downtown marketplace ! (id:56688)
Property Details
Listing ID: 29064115
Address: 183 GOWER Street, ST JOHNS, Newfoundland & Labrador, Canada A1C1R1
Status: Active
Last updated: 10 days ago ( Nov 4, 2025 )
Year Built: 1980
Property Type: Single Family
Architectural Style: 3 Level
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 4
Baths: 2
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,725 square feet
Price per sq ft: $203
Tax Annual Amount: $972
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator, Stove
Water Source: Municipal water
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Other
Common Interest: Freehold
Number of photos available: 4
Rurl
Coordinates: [47.56601, -52.70811]
Rooms
| Third level | Not known Not known Not known | 10X10 null 10X9 null 10X12 null |
| Second level | Bedroom Bedroom Bedroom | 11X10 null 10X10 null 9X10 null |
| Main level | Kitchen Living room | 10X12 null 12X20 null |
Basic Calculator
First Mortgage: $280,000
Mortgage insurance premium: $0
Total Financing: $280,000
Rough closing fee (1.5%): ~ $5,250
Total downpayment with estimated closing fee: $75,250
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,898 | $22,776 |
| Gross rental income (income/principal ratio) | 0.542% | 6.507% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $438 | $5,256 |
| Vacancy | $95 | $1,139 |
| Management Fee | $152 | $1,823 |
| Expense / Income Ratio | 23.08% | 23.08% |
| Cash Flow | $1,214 | $14,568 |
| Net Operating Income (NOI) | $1,214 | $14,568 |
| Capitalization Rate | 0.35% | 4.16% |
