285 Elizabeth Avenue
St. John's, NL, A1B1T8
9 Beds | 4 Baths
$539,900
About the property (MLS: 1293801):
Exceptional three-unit investment property ideally positioned directly across from the university. This expansive two-storey home offers a total of nine bedrooms, presenting excellent rental potential and flexible living options. The main unit features a bright living room, dedicated dining area, and kitchen, along with six bedrooms, two full bathrooms, and shared laundry with the basement in-law apartment. The upstairs apartment includes a comfortable living space, kitchen, one bedroom, separate laundry & electrical panel and a full bathroom. Completing the property is a two bedroom, in-law suite with living room, kitchen, bathroom and shared laundry with the main unit. Recent upgrades include new shingles (2024), new hot water tank (2025), new flooring in the basement apartment, and partially upgraded plumbing to pex plumbing! The property also offers ample on-site parking for approximately four to five vehicles, a valuable feature in this highly sought-after, high-demand location. **All units are currently occupied with rental income over $6000/month. No conveyance of offers until Monday, January 26 @ 1:00pm and left open for acceptance until 6:00pm the same day. (id:56688)
Property Details
Listing ID: 29269234
Address: 285 Elizabeth Avenue, St. John's, Newfoundland & Labrador, Canada A1B1T8
Status: Active
Last updated: 9 hours ago ( Feb 9, 2026 )
Year Built: 1943
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 9
Baths: 4
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Mixed Flooring
Living Area Total: 2,628 square feet
Price per sq ft: $206
Tax Annual Amount: $2,941
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Hardwood, Mixed Flooring
Exterior Features: Aluminum siding
Common Interest: Freehold
Number of photos available: 33
Rurl
Coordinates: [47.567956, -52.734514]
Rooms
| Basement | Bath (# pieces 1-6) Not known Not known Not known | 5.8x8.8 null 7.9x9.10 null 10.0x8.3 null 13.2x13.5 null |
| Second level | Bath (# pieces 1-6) Bath (# pieces 1-6) Storage Not known Not known Not known | 4pc 4pc 26.0x23.0 null 8.0x9.0 null 12.0x9.0 null 7.0x8.0 null |
| Main level | Bedroom Bedroom Bedroom Primary Bedroom Mud room Family room Kitchen Dining room Living room Foyer | 11.0x8.0 null 11.0x13.0 null 8.0x8.0 null 12.0x13.0 null 8.0x12.0 null 12.0x13.0 null 10.0x12.0 null 14.0x12.0 null 8.0x6.5 null 4.0x8.0 null |
Basic Calculator
First Mortgage: $431,920
Mortgage insurance premium: $0
Total Financing: $431,920
Rough closing fee (1.5%): ~ $8,099
Total downpayment with estimated closing fee: $116,079
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,891 | $34,692 |
| Gross rental income (income/principal ratio) | 0.535% | 6.426% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $675 | $8,100 |
| Vacancy | $145 | $1,735 |
| Management Fee | $232 | $2,776 |
| Expense / Income Ratio | 23.35% | 23.35% |
| Cash Flow | $1,841 | $22,092 |
| Net Operating Income (NOI) | $1,841 | $22,092 |
| Capitalization Rate | 0.34% | 4.09% |
