111 Ladysmith Drive
St. John's, NL, A1B0L4
5 Beds | 2 Baths
$425,000
About the property (MLS: 1294155):
Welcome to this well maintained 2-apartment home in Kenmount Terrace, ideally located close to all amenities, shopping, bus routes, the community center, and future school—making this an excellent choice for both homeowners and investors. The main unit offers a bright and functional layout with three bedrooms and one full bathroom. Featuring a spacious kitchen with island and patio access from here, dining area and a cozy living room, while the rec room downstairs provides additional living space for a family room, home office, or play area. The basement apartment includes two bedrooms, one full bathroom, and a dedicated laundry/utility room, cozy living room and a dine in kitchen. Currently occupied by fantastic tenants, this unit offers immediate income potential and added value. Located in one of the city’s most sought-after neighborhoods, this property combines convenience, comfort, and versatility—a smart investment and a great place to call home. Both HRVs have been serviced, both hot water tanks recently replaced (one was in 2026), stairs have been re-stained, some paint touch ups and more - ready for an easy transition! As per Seller Direction there will be no conveyance of offers prior to 11am February 3rd, all offers to be left open for consideration until 4pm February 3rd. (id:56688)
Property Details
Listing ID: 29302701
Address: 111 Ladysmith Drive, St. John's, Newfoundland & Labrador, Canada A1B0L4
Status: Active
Last updated: 7 days ago ( Feb 2, 2026 )
Year Built: 2014
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 2
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Laminate
Living Area Total: 1,800 square feet
Price per sq ft: $237
Tax Annual Amount: $3,045
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Electric
Flooring: Laminate
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 22
Rurl
Coordinates: [47.553647, -52.791381]
Rooms
| Basement | Bath (# pieces 1-6) Bedroom Bedroom Eat in kitchen Living room Recreation room | 4 pcs 9.5 x 8 null 10 x 8 null 11.8 x 10.8 null 10.8 x 11 null 10 x 10 null |
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom Eat in kitchen Living room | 4 pcs 7.9 x 9.3 null 9.4 x 9.3 null 11 x 10.7 null 11 x 16.6 null 14 x 10.8 null |
Basic Calculator
First Mortgage: $340,000
Mortgage insurance premium: $0
Total Financing: $340,000
Rough closing fee (1.5%): ~ $6,375
Total downpayment with estimated closing fee: $91,375
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,981 | $23,772 |
| Gross rental income (income/principal ratio) | 0.466% | 5.593% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $532 | $6,384 |
| Vacancy | $100 | $1,189 |
| Management Fee | $159 | $1,902 |
| Expense / Income Ratio | 26.86% | 26.86% |
| Cash Flow | $1,192 | $14,304 |
| Net Operating Income (NOI) | $1,192 | $14,304 |
| Capitalization Rate | 0.28% | 3.37% |
