29-33 Waterford Bridge Road
St John’s, NL, A1E1C5
21 Beds | 5 Baths
$429,900
About the property (MLS: 1292594):
Located on Waterford Bridge Road and backing onto the Waterford River, this property offers an opportunity for an investment in a coveted area. The complex comprises four separate units currently configured into 20 functional boarding rooms, plus an additional suite. This property requires significant renovation and upgrades, which is fully reflected in the attractive asking price. Property is being sold 'as-is, where-is.' (id:56688)
Property Details
MLS: 1292594
Listing ID: 29102975
Address: 29-33 Waterford Bridge Road, St John’s, Newfoundland & Labrador, Canada A1E1C5
Status: Active
Last updated: 2 months ago ( Dec 8, 2025 )
Year Built: 1970
Property Type: Other
Architectural Style: 2 Level
Structure Type: Other
Ownership Type: Freehold
Beds: 21
Baths: 5
1/2 Baths: 0
Heating: Oil
Sewer: Municipal sewage system
Flooring: Concrete Slab
Living Area Total: 5,400 square feet
Price per sq ft: $80
Tax Annual Amount: $4,120
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: See remarks
Water Source: Municipal water
Foundation Details: Concrete
Heating: Oil
Flooring: Concrete Slab
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 11
Rurl
Coordinates: [47.545655, -52.721777]
Listing ID: 29102975
Address: 29-33 Waterford Bridge Road, St John’s, Newfoundland & Labrador, Canada A1E1C5
Status: Active
Last updated: 2 months ago ( Dec 8, 2025 )
Year Built: 1970
Property Type: Other
Architectural Style: 2 Level
Structure Type: Other
Ownership Type: Freehold
Beds: 21
Baths: 5
1/2 Baths: 0
Heating: Oil
Sewer: Municipal sewage system
Flooring: Concrete Slab
Living Area Total: 5,400 square feet
Price per sq ft: $80
Tax Annual Amount: $4,120
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: See remarks
Water Source: Municipal water
Foundation Details: Concrete
Heating: Oil
Flooring: Concrete Slab
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 11
Rurl
Coordinates: [47.545655, -52.721777]
Rooms
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Bedroom Bedroom Kitchen | 10 x 5 null 11 x13 null 10 x 9 null 10 x9 null 11 x13 null 11 x9 null |
Basic Calculator
First Mortgage: $343,920
Mortgage insurance premium: $0
Total Financing: $343,920
Rough closing fee (1.5%): ~ $6,449
Total downpayment with estimated closing fee: $92,429
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $5,941 | $71,292 |
| Gross rental income (income/principal ratio) | 1.382% | 16.583% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $538 | $6,456 |
| Vacancy | $298 | $3,565 |
| Management Fee | $476 | $5,704 |
| Expense / Income Ratio | 9.06% | 9.06% |
| Cash Flow | $4,631 | $55,572 |
| Net Operating Income (NOI) | $4,631 | $55,572 |
| Capitalization Rate | 1.08% | 12.93% |
Capitalization Rate: 12.93%
After-repair value (ARV) (This is a rule for purchasing and flipping distressed real estate for a profit, which states that the purchase price should be less than 70% of after-repair value (ARV) minus repair costs (rehab).): $614,143
