About the property (MLS: 1293615):
Welcome to 39–41 Freshwater Road, a rare and well-located two-apartment property offering exceptional flexibility and long-term value in one of St. John’s most desirable and high-demand central neighbourhoods. Ideally positioned between Memorial University, downtown, the Health Sciences Centre, and St. Clare’s Hospital, this property sits directly on a bus route and within walking distance of everyday amenities, parks, trails, and some of the city’s most loved local spots, including Black Cat Pizzeria, Newfoundland Donut Company, and a variety of charming cafés and restaurants that give the area its vibrant, community-focused feel. The home is thoughtfully laid out with two self-contained units, each offering comfortable, functional living spaces. Unit 39 is a spacious one-storey unit with a full basement, while Unit 41 is a larger two-storey unit, also with its own basement, providing generous square footage and excellent separation between units. The basements house dedicated laundry areas along with additional undeveloped and unfinished storage space, keeping the main living areas open and uncluttered. On the main floors, both units feature bright, open layouts with excellent natural light. Unit 39 offers spacious, sun-filled bedrooms on the main level, ideal for accessible living, while Unit 41 places its bedrooms on the upper floor, well spaced for privacy and complemented by an additional seating or recreation area that adds versatility to the layout. Whether you’re looking to live in one unit and rent the other, accommodate extended family, or hold the property purely as an investment, this home offers multiple pathways to value. With its central location, walkable lifestyle, proximity to major institutions, and strong appeal to a wide range of tenants and owner-occupiers alike, 39–41 Freshwater Road represents a smart, adaptable opportunity in the heart of St. John’s. (id:56688)
Property Details
Listing ID: 29235138
Address: 39-41 Freshwater Road, St. John's, Newfoundland & Labrador, Canada A1C2N4
Status: Active
Last updated: 15 days ago ( Jan 9, 2026 )
Year Built: 1950
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 6
Baths: 3
1/2 Baths: 1
Heating: Baseboard heaters, Oil
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 2,800 square feet
Price per sq ft: $113
Tax Annual Amount: $2,252
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator, Dishwasher, Stove
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Oil
Flooring: Mixed Flooring
Exterior Features: Wood shingles, Vinyl siding
Common Interest: Freehold
Number of photos available: 34
Rurl
Coordinates: [47.563639, -52.717621]
Rooms
| Basement | Not known Not known Not known Storage Laundry room | 11.3 x 6.1 null 14.4 x 14.2 null 14.1 x 4.1 null 15.2 x 8.9 null 20.11 x 15.1 null |
| Main level | Not known Not known Bath (# pieces 1-6) Not known Not known Not known Dining room Kitchen | 10.4 x 2.2 null 10.4 x 8.4 null 3 piece null 10.7 x 10.4 null 12.3 x 11.8 null 10.1 x 9.0 null 13.9 x 9.11 null 15.4 x 9.3 null |
| Second level | Living room Bath (# pieces 1-6) Bath (# pieces 1-6) Bedroom Bedroom Bedroom Bedroom | 21.3 x 15 null 2 piece null 4 piece null 13.2 x 10.2 null 14 x 7.1 null 9.3 x 9.2 null 16.11 x 9.7 null |
Basic Calculator
First Mortgage: $252,000
Mortgage insurance premium: $0
Total Financing: $252,000
Rough closing fee (1.5%): ~ $4,725
Total downpayment with estimated closing fee: $67,725
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,081 | $36,972 |
| Gross rental income (income/principal ratio) | 0.978% | 11.737% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $394 | $4,728 |
| Vacancy | $155 | $1,849 |
| Management Fee | $247 | $2,958 |
| Expense / Income Ratio | 12.79% | 12.79% |
| Cash Flow | $2,287 | $27,444 |
| Net Operating Income (NOI) | $2,287 | $27,444 |
| Capitalization Rate | 0.73% | 8.71% |




































