7 Appledore Place
St. John's, NL, A1B2W8
5 Beds | 3 Baths
$525,000
About the property (MLS: 1294103):
This well-located two-storey, two-apartment home sits just minutes from Memorial University and Churchill Square, offering an excellent opportunity for homeowners and investors alike. The main unit spans two storeys and provides a comfortable living space ideal for an owner-occupant, while the self-contained one-bedroom apartment is fully separate, sharing only one wall—offering strong privacy and minimal noise transfer. With its unbeatable location close to schools, shopping, transit, and everyday amenities, this property is perfectly suited for those looking to offset their mortgage with rental income or add a solid investment to their portfolio. A rare chance to secure a versatile property in one of the city’s most consistently in-demand rental areas. As per the Sellers Directive, there will be no conveyance of any written offers before 5 pm on February 1, 2026. All offers are to remain open for consideration until 10 pm on February 1, 2026 (id:56688)
Property Details
Listing ID: 29297081
Address: 7 Appledore Place, St. John's, Newfoundland & Labrador, Canada A1B2W8
Status: Active
Last updated: 7 days ago ( Feb 2, 2026 )
Year Built: 1956
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 3
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Laminate, Other
Living Area Total: 2,658 square feet
Price per sq ft: $198
Tax Annual Amount: $3,465
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: See remarks
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Hardwood, Laminate, Other
Exterior Features: Other
Common Interest: Freehold
Number of photos available: 49
Rurl
Coordinates: [47.576275, -52.72683]
Rooms
| Other | Not known Bath (# pieces 1-6) Not known Not known | 16.4x8.11 null 3pc 11.5x12 null 21x9.5 null |
| Basement | Laundry room Storage Storage Recreation room | 8.11x10.3 null 9x23.9 null 6x8 null 9.9x12.5 null |
| Second level | Bath (# pieces 1-6) Bedroom Bedroom Bedroom Primary Bedroom | 4pc 8x12 null 12.11x12.10 null 10.2x11.3 null 16.2x11.2 null |
| Main level | Bath (# pieces 1-6) Kitchen Dining room Living room | 3pc 17.5x8.4 null 14.11x8.3 null 26.9x13.2 null |
Basic Calculator
First Mortgage: $420,000
Mortgage insurance premium: $0
Total Financing: $420,000
Rough closing fee (1.5%): ~ $7,875
Total downpayment with estimated closing fee: $112,875
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,924 | $35,088 |
| Gross rental income (income/principal ratio) | 0.557% | 6.683% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $657 | $7,884 |
| Vacancy | $147 | $1,755 |
| Management Fee | $234 | $2,808 |
| Expense / Income Ratio | 22.47% | 22.47% |
| Cash Flow | $1,887 | $22,644 |
| Net Operating Income (NOI) | $1,887 | $22,644 |
| Capitalization Rate | 0.36% | 4.31% |
