185 Gower Street
ST JOHNS, NL, A1C1R1
0 Bed |
$650,000
About the property (MLS: 1292270):
LOCATED DOWNTOWN ON THE HISTORIC CORNER OF GOWER AND CATHEDRAL STREET WITH 2 OFF STREET PARKING SPOTS ! ACROSS THE STREET IS THE CATHEDRAL OF ST JOHNS THE BAPTIST, ANGLICAN CHURCH . This semi detached 3 story apartment building contains 3 -1 bedroom units and 1- 2 bedroom unit all with separate meters , TENANTS PAY THEIR OWN UTILITIES . This apt building is close to all downtown has to offer , walking distance to shops and restaurants . this listing can be sold in conjunction with the two unit attached home mls 1292272 , LONG TERM TENANTS IN PLACE , 48 hours required for viewings .GREAT INVESTMENT OPPORTUNITY IN THIS GROWING MARKET! (id:56688)
Property Details
Listing ID: 29064116
Address: 185 Gower Street, ST JOHNS, Newfoundland & Labrador, Canada A1C1R1
Status: Active
Last updated: 10 days ago ( Nov 4, 2025 )
Year Built: 1950
Property Type: Single Family
Architectural Style: 3 Level
Structure Type: Multi-Family
Ownership Type: Freehold
Beds: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 3,000 square feet
Price per sq ft: $217
Tax Annual Amount: $1,349
Tax Year: 2025
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: 8
Rurl
Coordinates: [47.565946, -52.708082]
Rooms
Basic Calculator
First Mortgage: $520,000
Mortgage insurance premium: $0
Total Financing: $520,000
Rough closing fee (1.5%): ~ $9,750
Total downpayment with estimated closing fee: $139,750
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,301 | $39,612 |
| Gross rental income (income/principal ratio) | 0.508% | 6.094% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $813 | $9,756 |
| Vacancy | $166 | $1,981 |
| Management Fee | $265 | $3,169 |
| Expense / Income Ratio | 24.63% | 24.63% |
| Cash Flow | $2,059 | $24,708 |
| Net Operating Income (NOI) | $2,059 | $24,708 |
| Capitalization Rate | 0.32% | 3.80% |
