7 Driftwood Street
St. John's, NL, A1A0A9
5 Beds | 4 Baths
$665,000
About the property (MLS: 1293825):
This pre-sold property at 7 Driftwood Street is a stunning two-apartment home located in the desirable Kenmount Terrace Subdivision. Featuring an attached garage, this spacious residence offers 5 bedrooms and 4 bathrooms, making it perfect for families or those seeking rental income potential. With its modern design and thoughtful layout, this home delivers comfort and style in a highly sought-after area. (id:56688)
Property Details
MLS: 1293825
Listing ID: 29269233
Address: 7 Driftwood Street, St. John's, Newfoundland & Labrador, Canada A1A0A9
Status: Active
Last updated: 5 days ago ( Feb 4, 2026 )
Year Built: 2026
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 4
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 2,642 square feet
Price per sq ft: $252
Tax Annual Amount: $0
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.55526, -52.78852]
Listing ID: 29269233
Address: 7 Driftwood Street, St. John's, Newfoundland & Labrador, Canada A1A0A9
Status: Active
Last updated: 5 days ago ( Feb 4, 2026 )
Year Built: 2026
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 4
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 2,642 square feet
Price per sq ft: $252
Tax Annual Amount: $0
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.55526, -52.78852]
Rooms
| Basement | Bath (# pieces 1-6) Not known Not known Not known Bath (# pieces 1-6) Family room | 4 PC null 9.6 x 9.2 null 13 x 11.10 null 14.3 x 10.3 null 3 PC null 12.6 x 14.3 null |
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Ensuite Primary Bedroom Kitchen Dining nook Living room | 4 PC null 11.4 x 10.6 null 9.6 x 9.6 null 4 PC null 13.9 x 14.7 null 13.4 x 17 null 13.4 x 5.6 null 19 x 13 null |
Basic Calculator
First Mortgage: $532,000
Mortgage insurance premium: $0
Total Financing: $532,000
Rough closing fee (1.5%): ~ $9,975
Total downpayment with estimated closing fee: $142,975
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,907 | $34,884 |
| Gross rental income (income/principal ratio) | 0.437% | 5.246% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $832 | $9,984 |
| Vacancy | $146 | $1,745 |
| Management Fee | $233 | $2,791 |
| Expense / Income Ratio | 28.62% | 28.62% |
| Cash Flow | $1,698 | $20,376 |
| Net Operating Income (NOI) | $1,698 | $20,376 |
| Capitalization Rate | 0.26% | 3.06% |
Capitalization Rate: 3.06%
After-repair value (ARV) (This is a rule for purchasing and flipping distressed real estate for a profit, which states that the purchase price should be less than 70% of after-repair value (ARV) minus repair costs (rehab).): $950,000
