45 Canada Drive
St. John's, NL, A1E4H3
5 Beds | 2 Baths
$269,900
About the property (MLS: 1293798):
Located in a sought after Cowan heights this 2 Apartment home would make a great investment property with the potential to add a 3rd unit in the basement, Subject to municipal approvals. New Shingles installed in 2021, Main Unit currently Rented for $1600 per month, lease ends Nov 30, 2026. The Home is located directly on the bus route and walking distance to Shopping, Schools and Recreation, Shopping, Recreation and University a short commute. With the low rental vacancy rate great opportunity to add a mortgage helper or opportunity for someone to invest some money and sweat equity to increase the value of this property. Seller Directive in Place no conveyance of offers before Monday January 19, 2026 at 12:01pm to be left open till 5pm Monday January 19, 2026 at 5pm (id:56688)
Property Details
Listing ID: 29254802
Address: 45 Canada Drive, St. John's, Newfoundland & Labrador, Canada A1E4H3
Status: Active
Last updated: 7 days ago ( Feb 2, 2026 )
Year Built: 1974
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: Two Apartment House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 5
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Carpeted, Other
Living Area Total: 3,510 square feet
Price per sq ft: $77
Tax Annual Amount: $2,195
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Dishwasher
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Laminate, Carpeted, Other
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 5
Rurl
Coordinates: [47.5363, -52.757211]
Rooms
| Basement | Recreation room | 30 x 12 null |
| Lower level | Bath (# pieces 1-6) Bedroom Bedroom Not known Not known | 4pc 13.5 x10 null 10 x 13 null 11 x 12 null 14.5 x11 null |
| Main level | Primary Bedroom Bedroom Bedroom Bath (# pieces 1-6) Living room Dining room Kitchen | 13.5 x10 null 12 x 9.5 null 10 x9 null 4pc 14 x16 null 8 x 12 null 10x12 null |
Basic Calculator
First Mortgage: $215,920
Mortgage insurance premium: $0
Total Financing: $215,920
Rough closing fee (1.5%): ~ $4,049
Total downpayment with estimated closing fee: $58,029
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,862 | $46,344 |
| Gross rental income (income/principal ratio) | 1.431% | 17.171% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $338 | $4,056 |
| Vacancy | $194 | $2,318 |
| Management Fee | $309 | $3,708 |
| Expense / Income Ratio | 8.75% | 8.75% |
| Cash Flow | $3,022 | $36,264 |
| Net Operating Income (NOI) | $3,022 | $36,264 |
| Capitalization Rate | 1.12% | 13.44% |
