About the property (MLS: 1293918):
Currently under construction. 229 Cheeseman Drive is a two story home situated on a large greenbelt lot in Southlands. This lot also features drive in access and southern exposure. This beautifully designed home boasts an open concept on the main level, allowing for a seamless flow between the living, dining, and kitchen areas. Large windows throughout flood the space with natural light, creating a bright and inviting atmosphere. A designated office or study room offers a quiet space for work or relaxation. The living room is a standout feature, with its stunning coffered ceiling, adding a touch of elegance to the space. The stairs leading to the second floor are complimented by an eye catching accent wall, enhancing the home’s style. For year-round comfort, mini-split systems are installed for efficient heating and cooling throughout. Upstairs, you’ll find four spacious bedrooms, including a luxurious primary suite. The primary bedroom is generously sized, offering ample space for relaxation, and it connects to an expansive ensuite bathroom, providing a spa-like experience with premium fixtures and finishes. Fully landscaped with nursery sods. Some of the standard features include Low E argon gas windows, R50 insulation in attic, R25 walls including a 1’’ SM under the siding and 35 year shingles, basement exterior walls insulated. kitchen will be complete with appliances. HST included in purchase price. (id:56688)
Property Details
Listing ID: 29297037
Address: 229 Cheeseman Drive, St.John’s, Newfoundland & Labrador, Canada A1H0G8
Status: Active
Last updated: 7 days ago ( Feb 2, 2026 )
Year Built: 2026
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: House
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Beds: 4
Baths: 3
1/2 Baths: 1
Heating: Baseboard heaters, Electric, Electric, Floor heat, Mini-Split
Sewer: Municipal sewage system
Flooring: Laminate, Mixed Flooring
Living Area Total: 2,593 square feet
Price per sq ft: $336
Tax Annual Amount: $7,000
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator, Dishwasher, Stove, Cooktop, Oven - Built-In
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Baseboard heaters, Electric, Electric, Floor heat, Mini-Split
Flooring: Laminate, Mixed Flooring
Exterior Features: Wood shingles, Stone, Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 23
Rurl
Coordinates: [47.493568, -52.829606]
Rooms
| Second level | Laundry room Bath (# pieces 1-6) Bedroom Bedroom Bedroom Ensuite Primary Bedroom | 7.6 x 5.4 null 4 pc 14.8 x 13.8 null 17 x 10.10 null 15.9 x 10.6 null 5 pc 17.6 x 12.6 null |
| Main level | Family room Not known Dining room Kitchen Bath (# pieces 1-6) Den Foyer | 19 x 14.2 null 6.8x 7.6 null 10 x 20 null 15.10 x 13 null 2 pc 13.6 x 13 null 8 x 9.2 null |
Basic Calculator
First Mortgage: $696,000
Mortgage insurance premium: $0
Total Financing: $696,000
Rough closing fee (1.5%): ~ $13,050
Total downpayment with estimated closing fee: $187,050
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,853 | $34,236 |
| Gross rental income (income/principal ratio) | 0.328% | 3.935% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $1,088 | $13,056 |
| Vacancy | $143 | $1,712 |
| Management Fee | $229 | $2,739 |
| Expense / Income Ratio | 38.14% | 38.14% |
| Cash Flow | $1,395 | $16,740 |
| Net Operating Income (NOI) | $1,395 | $16,740 |
| Capitalization Rate | 0.16% | 1.92% |

























