267 HAMILTON Avenue
ST. JOHN'S, NL, A1E1J6
2 Beds | 1 Bath
$160,000
About the property (MLS: 1294251):
Looking for that opportunity to own your own building?? You could invest into your own building, operate the business on the main floor and live upstairs. Pay rent to yourself. Maybe looking for an investment property or convert into a full 2 apt home. This property is in a high traffic location for you to operate your business (any type of business). Street corner profile, main floor display and shop plus a 2 bedroom rental unit upstairs. This property do need renovations, its not falling down however in need of upgrading. New torched on roof 5 years ago. The ideas are endless with the main floor offering a large open space for your business plus basement with standing height ceiling (great for storage/product storage). The upstairs you could rent out for the add income, more business space (ie. offices) or to live. Large potential in this property due to the mixed zoning. Being sold as is. convert the building into 2 residential rentals and live for free. (id:56688)
Property Details
Listing ID: 29313940
Address: 267 HAMILTON Avenue, ST. JOHN'S, Newfoundland & Labrador, Canada A1E1J6
Status: Active
Last updated: 7 days ago ( Feb 2, 2026 )
Year Built: 1960
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 2
Baths: 1
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Wood, Concrete Slab
Living Area Total: 3,600 square feet
Price per sq ft: $45
Tax Annual Amount: $1,800
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: Electric
Flooring: Wood, Concrete Slab
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 16
Rurl
Coordinates: [47.550512, -52.725315]
Rooms
| Second level | Bedroom Bedroom Living room Kitchen Bath (# pieces 1-6) | 8x7 null 10x10 null 10x10 null 8x10 null 8x8 null |
| Main level | Office Bath (# pieces 1-6) Workshop | 5x8 null 2x5 null 20x45 null |
Basic Calculator
First Mortgage: $128,000
Mortgage insurance premium: $0
Total Financing: $128,000
Rough closing fee (1.5%): ~ $2,400
Total downpayment with estimated closing fee: $34,400
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,961 | $47,532 |
| Gross rental income (income/principal ratio) | 2.476% | 29.707% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $200 | $2,400 |
| Vacancy | $199 | $2,377 |
| Management Fee | $317 | $3,803 |
| Expense / Income Ratio | 5.05% | 5.05% |
| Cash Flow | $3,247 | $38,964 |
| Net Operating Income (NOI) | $3,247 | $38,964 |
| Capitalization Rate | 2.03% | 24.35% |
