57 Gower Street
St. John's, NL, A1C1N3
4 Beds | 3 Baths
$209,900
About the property (MLS: 1293262):
Exceptional opportunity! Exceptional view of the narrows! This 4 bedroom 3 story property is a smart investment in a great downtown location. 3rd floor roof was resurfaced 5 years ago. Property is a registered 2-Apartment with the city and has one electrical meter. Steps away from cafes, cultural landmarks and the metrobus, it holds the potential to be a sought after residence or a lucrative rental opportunity. Exterior siding requires some restoration. Property is located in Heritage Area 02, there are design standards to ensure developments are compatible with the historic streetscape. (id:56688)
Property Details
Listing ID: 29182313
Address: 57 Gower Street, St. John's, Newfoundland & Labrador, Canada A1C1N3
Status: Active
Last updated: a month ago ( Dec 12, 2025 )
Year Built: 1900
Property Type: Single Family
Architectural Style: 3 Level
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 4
Baths: 3
1/2 Baths: 1
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Carpeted, Wood
Living Area Total: 2,554 square feet
Price per sq ft: $83
Tax Annual Amount: $2,534
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Carpeted, Wood
Exterior Features: Other
Common Interest: Freehold
Number of photos available: 8
Rurl
Coordinates: [47.569434, -52.703601]
Rooms
| Third level | Bath (# pieces 1-6) Bedroom Kitchen | 8.5x5 null 19x17 null 11.5x8 null |
| Second level | Living room Bath (# pieces 1-6) Bedroom Kitchen | 18x16 null 8x6 null 13x11 null 13x11.5 null |
| Main level | Bath (# pieces 1-6) Hobby room Other Bedroom Bedroom Other | 7.5x5.4 null 13x11.5 null 16x4 null 16x9 null 16x8.5 null 18x11 null |
Basic Calculator
First Mortgage: $167,920
Mortgage insurance premium: $0
Total Financing: $167,920
Rough closing fee (1.5%): ~ $3,149
Total downpayment with estimated closing fee: $45,129
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,810 | $33,720 |
| Gross rental income (income/principal ratio) | 1.339% | 16.065% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $263 | $3,156 |
| Vacancy | $141 | $1,686 |
| Management Fee | $225 | $2,698 |
| Expense / Income Ratio | 9.36% | 9.36% |
| Cash Flow | $2,182 | $26,184 |
| Net Operating Income (NOI) | $2,182 | $26,184 |
| Capitalization Rate | 1.04% | 12.47% |
