34 Quidi Vidi Road
St. John's, NL, A1A1C1
3 Beds | 3 Baths
$379,900
About the property (MLS: 1293489):
Currently listed for $379,900, this charming detached 3 story home (built in approx 1925, approx 1,480 sq ft) has been extensively renovated and converted into three modern studio-style suites, generating over $4,000 in gross monthly rental income. With tenants in place under leases extending to October and November 2026, this property offers immediate cash flow stability for investors. Key Features and Upgrades: Three self-contained studio suites, each with a combined living/sleeping area, kitchenettes, and full bathroom (3-4 piece). Primary heating is via an oil-fired hot-water furnace, supplemented by dedicated mini-split heat pumps in each suite for zoned comfort and energy savings. Recent extensive renovations include an upgraded 300-amp electrical service, modern plumbing, new flooring in select areas, and overall building conversion for multi-unit use. Shared amenities include: Common foyer, on-site laundry facility, off-street parking, and a shared patio area for outdoor relaxation. The main suite offers a private separate entrance in addition to foyer access. The location is unbeatable: Nestled at the base of iconic Signal Hill with hiking trails, panoramic ocean views, Cabot Tower, and obvious historical significance. (id:56688)
Property Details
Listing ID: 29224103
Address: 34 Quidi Vidi Road, St. John's, Newfoundland & Labrador, Canada A1A1C1
Status: Active
Last updated: 10 days ago ( Jan 14, 2026 )
Year Built: 1924
Property Type: Single Family
Architectural Style: 3 Level
Structure Type: House
Ownership Type: Freehold
Number of stories: 3
Number of Levels: 3
Beds: 3
Baths: 3
1/2 Baths: 0
Heating: Hot water radiator heat, Radiant heat, Mini-Split
Sewer: Municipal sewage system
Flooring: Hardwood, Laminate, Other, Mixed Flooring
Living Area Total: 1,480 square feet
Price per sq ft: $257
Tax Annual Amount: $1,990
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator, Dishwasher
Water Source: Municipal water
Foundation Details: Concrete Slab
Heating: Hot water radiator heat, Radiant heat, Mini-Split
Flooring: Hardwood, Laminate, Other, Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 17
Rurl
Coordinates: [47.572653, -52.697538]
Rooms
| Third level | Bath (# pieces 1-6) Kitchen Bedroom | 3pc 10.6x12.6 null 10x12.6 null |
| Second level | Bath (# pieces 1-6) Kitchen Bedroom | 4pc 10.6x12.6 null 10x12.6 null |
| Main level | Eat in kitchen Laundry room Bedroom Bath (# pieces 1-6) Utility room Foyer | 9.9x22.10 null 6.11x5.11 null 12.8x20.1 null 3pc 7.1x7.0 null 3.2x3.6 null |
Basic Calculator
First Mortgage: $303,920
Mortgage insurance premium: $0
Total Financing: $303,920
Rough closing fee (1.5%): ~ $5,699
Total downpayment with estimated closing fee: $81,679
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,629 | $19,548 |
| Gross rental income (income/principal ratio) | 0.429% | 5.146% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $475 | $5,700 |
| Vacancy | $82 | $978 |
| Management Fee | $131 | $1,564 |
| Expense / Income Ratio | 29.16% | 29.16% |
| Cash Flow | $943 | $11,316 |
| Net Operating Income (NOI) | $943 | $11,316 |
| Capitalization Rate | 0.25% | 2.98% |
