For sale · MLS® 1300755
192 Elizabeth Avenue
St. John's, NL, A1B1T1
List price
$425,000
About this propertyMLS® 1300755
For parents with a child attending MUN, this property presents an interesting alternative to paying rent for the next several years. Your student can have their own bedroom and private ensuite within walking distance of campus, while rental income from the remaining four bedrooms can help offset the costs of ownership. Five bedrooms, five private ensuite bathrooms and an exceptional rental opportunity directly across from Memorial University. 192 Elizabeth Avenue offers a setup rarely found in St. John’s, with each bedroom providing tenants with their own private bathroom, along with off-street parking and an unbeatable location in the heart of the sought-after Churchill Square neighbourhood. For investors, the combination of five individually rentable bedrooms, private ensuites and proximity to MUN creates excellent long-term rental potential in a location that should continue to appeal to students. Adding further value, the property features new shingles installed in July 2026, fresh exterior paint and has been pre-inspected for the purchaser’s convenience. Whether you are adding to an investment portfolio or looking for a smarter housing option while your child attends university, 192 Elizabeth Avenue combines rental income potential, an outstanding location and long-term real estate ownership in one remarkable property. Properties in this location are always in demand. Don't miss your opportunity to own in one of St. John's most sought-after neighbourhoods. (id:56688)
Property details
Coordinates: [47.574099, -52.725704]
Rooms
| Basement | Ensuite Bedroom Ensuite Bedroom | 6 X 6.5 null 13 X 8 null 5 X 9 null 10 X 14 null |
| Main level | Laundry room Eat in kitchen Ensuite Bedroom Ensuite Bedroom Ensuite Bedroom Porch | 5.5 X 7 null 10 X 11 null 4.5 X 6 null 9 X 11 null 5 X 4 null 10 X 9 null 10 X 4.5 null 9 X 11 null 5 X 6 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 | $1,923 | $23,076 |
| Gross rental income (income/principal ratio) | 0.452% | 5.430% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $532 | $6,384 |
| Vacancy | $97 | $1,154 |
| Management Fee | $154 | $1,847 |
| Expense / Income Ratio | 27.67% | 27.67% |
| Cash Flow | $1,142 | $13,704 |
| Net Operating Income (NOI) | $1,142 | $13,704 |
| Capitalization Rate | 0.27% | 3.22% |
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