11 Neptune Road
St. John's, NL, A1B1H4
6 Beds | 2 Baths
$349,000
About the property (MLS: 1293811):
A must see beautiful two-apartment home close to the Avalon Mall, HCS, MUN and many other businesses & amenities. Ideal for residential/investment ownership, main unit is currently vacant and move-in ready while the basement is currently rented at $1500 POU. Home has been generating consistent positive cash flow for the owner since purchase. Main unit has 3 bedrooms with a well lit kitchen, dining area, and a large living room with large window allowing plenty of daylight. Main floor has a large storage space in the basement that also houses the washer and dryer. Basement unit has large 3 rooms and is above ground with entry on the side of the house. Downstairs also has laundry/utility. Lots of recent upgrades and renos in both units, including entire flooring and painting of basement unit. Entire roof was also changed in July 2025, and new siding installed in 2019. Great starter home or investment property within walking distance to malls, restaurants in central St. John's. As per seller's directive: conveyance of offers to start at 5pm on Tuesday January 20th and offers are to be left open until 9pm. (id:56688)
Property Details
Listing ID: 29258289
Address: 11 Neptune Road, St. John's, Newfoundland & Labrador, Canada A1B1H4
Status: Active
Last updated: 7 days ago ( Feb 2, 2026 )
Year Built: 1970
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: Two Apartment House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 6
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Hardwood
Living Area Total: 2,200 square feet
Price per sq ft: $159
Tax Annual Amount: $3,306.56
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Stove, Dryer, Microwave
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Hardwood
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 19
Rurl
Coordinates: [47.558239, -52.747715]
Rooms
| Basement | Bath (# pieces 1-6) Not known Not known Den Not known Not known | 2pcs 10 x 10 null 12 x 10 null 12 x 12 null 12 x 10 null |
| Main level | Primary Bedroom Bedroom Living room Bath (# pieces 1-6) Bedroom Dining room Kitchen | 11 x 14 null 9 x 8 null 16 x 14 null 2pcs 9 x 8 null 9 x 12 null 15 x 9 null |
Basic Calculator
First Mortgage: $279,200
Mortgage insurance premium: $0
Total Financing: $279,200
Rough closing fee (1.5%): ~ $5,235
Total downpayment with estimated closing fee: $75,035
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,420 | $29,040 |
| Gross rental income (income/principal ratio) | 0.693% | 8.321% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $437 | $5,244 |
| Vacancy | $121 | $1,452 |
| Management Fee | $194 | $2,324 |
| Expense / Income Ratio | 18.06% | 18.06% |
| Cash Flow | $1,669 | $20,028 |
| Net Operating Income (NOI) | $1,669 | $20,028 |
| Capitalization Rate | 0.48% | 5.74% |
