15 Gear Street
St. John's, NL, A1C2J3
5 Beds | 2 Baths
$259,900
About the property (MLS: 1294196):
This semi-detached, older downtown home offers an exceptional blend of character and comfort. Boasting five bedrooms and two full bathrooms, it's ideal for a growing family or as a prime investment property. The property features numerous upgrades, including hardwood floors, updated kitchen flooring, carpet, and shingles (2024), a torch-on roof (2021), and a recently renovated rec room with modern conveniences and ample living space. The lower level features a rec room with large windows and a walkout to the backyard, a 5th bedroom, and a second bathroom. Enjoy a surprisingly peaceful and quiet location, just minutes from the vibrant pulse of Water Street, Bannerman Park, and local amenities. The manageable, low-maintenance backyard and proximity to essential community services provide a convenient urban lifestyle. This property is a great way to get into the market and stop renting. Seller's Direction is in place: no offers until February 12th at 4:00 pm, and offers must remain open until 9:00 pm. (id:56688)
Property Details
Listing ID: 29339116
Address: 15 Gear Street, St. John's, Newfoundland & Labrador, Canada A1C2J3
Status: Active
Last updated: 13 hours ago ( Feb 9, 2026 )
Year Built: 1920
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: House
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Beds: 5
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Oil, Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Laminate, Carpeted
Living Area Total: 1,706 square feet
Price per sq ft: $153
Tax Annual Amount: $2,205
Tax Year: 2026
Garage? No
Attached Garage? No
Carport? No
Open Parking? Yes
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Baseboard heaters, Oil, Electric
Flooring: Hardwood, Laminate, Carpeted
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 27
Rurl
Coordinates: [47.562002, -52.717714]
Rooms
| Basement | Recreation room Bath (# pieces 1-6) Bedroom Laundry room | 8.42 x 17.42 null 4 pc 9 x 17.66 null 13.16 x 10 null |
| Third level | Bath (# pieces 1-6) Primary Bedroom Bedroom Bedroom Bedroom | 4 pc 9.5 x 11.16 null 7 x 11.5 null 10.75 x 7 null 9.16 x 12.16 null |
| Main level | Eat in kitchen Dining room Living room | 12.16 x 9 null 10.42 x 13.16 null 10.5 x 13.16 null |
Basic Calculator
First Mortgage: $207,920
Mortgage insurance premium: $0
Total Financing: $207,920
Rough closing fee (1.5%): ~ $3,899
Total downpayment with estimated closing fee: $55,879
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,877 | $22,524 |
| Gross rental income (income/principal ratio) | 0.722% | 8.666% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $325 | $3,900 |
| Vacancy | $94 | $1,127 |
| Management Fee | $151 | $1,802 |
| Expense / Income Ratio | 17.31% | 17.31% |
| Cash Flow | $1,308 | $15,696 |
| Net Operating Income (NOI) | $1,308 | $15,696 |
| Capitalization Rate | 0.50% | 6.04% |
