About this propertyMLS® 1301364
Excellent Investment Opportunity in Clarke's Beach! This well-maintained property features two self-contained 3-bedroom apartments, making it an ideal investment or the perfect opportunity to live in one unit while renting the other to help offset your mortgage. The owner has done recent remodeling of the kitchen area with new cabinets and flooring and bathroom has been updated with, beautiful modern vanity. This is a family friendly area and great location for kids. Each apartment has its own electrical service, laundry hookups, and ample living space. There is a 16' x 24' detached garage, perfect for storage, a workshop, or recreational vehicles, as well as a 10' x 12' storage shed. Whether you're adding to your investment portfolio or searching for a home with rental income, this is an opportunity you won't want to miss. (id:56688)
Specifications
Property details
Room by room
Rooms
| Basement | Porch Bath (# pieces 1-6) Living room Primary Bedroom Bedroom Bedroom Kitchen Utility room | 7' X 7' 8' X 10' 10'8"" X 16' 10' X 10' 10'9"" X 8'10"" 9' 9"" X 10' 9"" 13'4"" X 11"" 6' X 25"" |
| Main level | Porch Porch Kitchen Living room Bath (# pieces 1-6) Primary Bedroom Bedroom Bedroom | 4'5"" X 5'4"" 5'8"" X 4'2"" 10'4"" X 14' 23' X 14'8"" 5' X 10'4"" 12' X 10'4"" 9'11"" X 10'4"" 9'11"" X 10'4"" |
The essentials
Location, air, flood & taxes
Elevation
2 m above sea level
Air quality now
AQHI 1.82 · Low risk
St. John's station · updated 2:00 a.m.
Property tax
$569 / year
≈ $47 / month · assessment year 2026
Nearby & drive routes
0 places shown · 3 routes · OpenStreetMap · OSRM
- 70 min to downtown St. John's84.5 km
- 69 min to Memorial University83.2 km
- 74 min to Avalon Mall90 km
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Plan ahead
Calculators & neighbourhood
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Plan ahead
Mortgage & investment calculator
Estimated monthly payment
$48/mo
Principal & interest $0 + property tax $48 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-374
NOI / month
$-374
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $48 | $569 |
| Expenses | $327 | $3,924 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-374 | $-4,488 |
| NOI | $-374 | $-4,488 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
Get in touch
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- Call or text416-873-4676
- Emailharis@barki.co
- Office17 Duffy Place, Suite 200, St. John's
Keller Williams Platinum Realty
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