38 St Clare Avenue
St. John's, NL, A1C2J8
4 Beds | 2 Baths
$349,900
About the property (MLS: 1293555):
Welcome to this charming and well-maintained two-apartment home ideally located at 38 St. Clare Avenue, in the heart of downtown. Enjoy the convenience of urban living just steps from vibrant downtown amenities and within close proximity to the hospital—an exceptional location for both homeowners and investors alike. This affordable downtown gem offers excellent income potential, whether you choose to live in one unit and offset your mortgage with rental income, or add a solid investment to your portfolio. A rare and highly sought-after feature for the area is the off-street parking, providing added everyday convenience for both units. From the moment you enter, you’ll appreciate the character and care that shine throughout the home. The upper unit is in wonderful condition and features two spacious bedrooms, a full bathroom, and a warm, inviting living room and kitchen. The lower above-ground unit also offers two bedrooms, a thoughtfully designed kitchen, a charming living area, and a full main bath, along with dedicated laundry and storage located in the basement. Opportunities like this in such a prime downtown location do not last long. Book your private showing today and experience everything this exceptional property has to offer. (id:56688)
Property Details
Listing ID: 29234959
Address: 38 St Clare Avenue, St. John's, Newfoundland & Labrador, Canada A1C2J8
Status: Active
Last updated: 15 days ago ( Jan 9, 2026 )
Year Built: 1938
Property Type: Single Family
Architectural Style: 2 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: 1,601 square feet
Price per sq ft: $219
Tax Annual Amount: $1,914
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Other
Common Interest: Freehold
Number of photos available: 19
Rurl
Coordinates: [47.5577, -52.722639]
Rooms
| Second level | Bath (# pieces 1-6) Den Bedroom Eat in kitchen Living room | 4 pcs 9.11 x 6.7 null 11.3 x 13.0 null 6.5 x 12.7 null 11.3 x 14.1 null |
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Eat in kitchen Living room Foyer | 4 pcs 10.6 x 14.4 null 8.2 x 10.4 null 12.1 x 8.11 null 13.6 x 11.7 null 5.5 x 8.11 null |
Basic Calculator
First Mortgage: $279,920
Mortgage insurance premium: $0
Total Financing: $279,920
Rough closing fee (1.5%): ~ $5,249
Total downpayment with estimated closing fee: $75,229
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,762 | $21,144 |
| Gross rental income (income/principal ratio) | 0.504% | 6.043% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $438 | $5,256 |
| Vacancy | $89 | $1,058 |
| Management Fee | $141 | $1,692 |
| Expense / Income Ratio | 24.86% | 24.86% |
| Cash Flow | $1,095 | $13,140 |
| Net Operating Income (NOI) | $1,095 | $13,140 |
| Capitalization Rate | 0.31% | 3.76% |
