Telephone Email45 East White Hills Road, St. John's, Newfoundland & Labrador, Canada A1A5X7

For sale · MLS® 1298855

45 East White Hills Road

St. John's, NL, A1A5X7

0 bd125,610 sqftBuilt 2026

List price

$3,750,000

45 East White Hills Road St. John's Newfoundland & Labrador Canada A1A5X7, for Sale, residential, Haris Barki, Keller Williams Platinum Realty

Presented by

Haris Barki

416-873-4676

haris@barki.co

REALTOR® · Keller Williams Platinum Realty

About this propertyMLS® 1298855

One of the first City approved 8-storey residential projects of its kind is now available for purchase and ready for development. After considerable efforts by P.A.I. Holdings Limited's assembled team, led by Architect Kelvin Nyathi, Carrick Engineering, and Irvine Civil and Municipal Engineering Consultants, this presentation in response to current housing needs highlights a vitalizing 101-unit modern apartment building strategically situated at the base of Quidi Vidi Lake on a gradually elevated site maximizing Lake, White Hills, and expansive Southwestern City and Northeastern White Hills views. Immediately accessible to East Coast Trail, Quidi Vidi and Grand Concourse Trails, historic Quidi Vidi Village, Pleasantville Parks and Recreation, Downtown St. John's, Dominion Stadium, Metrobus, and the Outer Ring Road, this strategically located and keen development project represents a leading transformative high density residential initiative. 45 East White Hills Road modern apartments complete with covered balconies include an average 1,033sf. unit area comprised of two bedrooms and two bathrooms, open kitchen, eating and living floor plan, laundry and garage and exterior parking accompaniment. Existing structure currently being demolished with environmental clearances to be provided prior to closing. (id:56688)

Property details

MLS®1298855

Listing ID29889998

Address45 East White Hills Road, St. John's, Newfoundland & Labrador, Canada A1A5X7

StatusActive

Last updated3 hours ago ( Oct 30, 2026 )

Year Built2026

Property TypeOther

Structure TypeMulti-Family

Ownership TypeFreehold

Beds0

HeatingOther

SewerNo sewage system

Living Area Total125,610 square feet

Price per sq ft: $30

Tax Annual Amount$2,172

Tax Year2026

GarageNo

Attached GarageNo

CarportNo

Open ParkingNo

WaterfrontNo

PoolNo

Water SourceNone

HeatingOther

Common InterestFreehold

Number of photos available6

Rurl
Coordinates: [47.587885, -52.684629]

Rooms

Basic Calculator

Principal Amount ($):

Annual Interest Rate (%):

Loan Term (Years):

Down Payment ($):

Percent Down (%):

First Mortgage: $3,000,000

Mortgage insurance premium: $0

Total Financing: $3,000,000

Rough closing fee (1.5%): ~ $56,250

Total downpayment with estimated closing fee: $806,250

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Investment Calculator:

Monthly Income (Initially estimated at $1.1 per sqft):

Monthly Expense (includes taxes, insurance, utilities, maintenance etc, excluding mortgage payment) (initally estimated at 1.5% per year of principal):

Vacancy Rate (%):

Management Fee (%):

Total cost of initial renovation ($):

	Monthly	Yearly
Gross Revenue	$138,171	$1,658,052
Gross rental income (income/principal ratio)	3.685%	44.215%
Mortgage	$0	$0
Monthly Expenses	$4,688	$56,256
Vacancy	$6,909	$82,903
Management Fee	$11,054	$132,645
Expense / Income Ratio	3.39%	3.39%
Cash Flow	$115,521	$1,386,252
Net Operating Income (NOI)	$115,521	$1,386,252
Capitalization Rate	3.08%	36.97%

Capitalization Rate: 36.97%

After-repair value (ARV) (This is a rule for purchasing and flipping distressed real estate for a profit, which states that the purchase price should be less than 70% of after-repair value (ARV) minus repair costs (rehab).): $5,357,143

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