For sale · MLS® 1302049
70 Winslow Street
St. John's, NL, A1E6H5
List price
$399,900
About this propertyMLS® 1302049
Welcome to this two-apartment home conveniently located in the west end of St. John’s. Situated in a quiet and established neighbourhood, this property is approximately 3 minutes from public transit and close to schools, shopping, and other everyday amenities. The main unit offers 3 bedrooms and 1.5 bathrooms, providing a comfortable layout for a family. The lower-level two-bedroom apartment features excellent above-ground exposure, offering plenty of natural light and a comfortable living space, with a dedicated laundry area. Both units are currently occupied by long-term tenants, offering an attractive opportunity for investors looking for established tenancy and future rental upside. The roof was replaced approximately 2 years ago. Whether you're an investor looking for a two-unit property with long-term tenants or an owner-occupier looking to live in one unit while generating rental income from the other, this property offers excellent flexibility and potential. As per the Seller's Direction, there will be no conveyance of offers prior to 3:00 PM on Tuesday, August 25, 2026. Offers are to remain open until 8:00 PM the same day. (id:56688)
Property details
Coordinates: [47.545443, -52.753423]
Rooms
| Basement | Bedroom Bedroom Living room Not known | 12X9 null 11X12 null 9X8.6 null 10X12 null |
| Main level | Recreation room Bedroom Bedroom Primary Bedroom Kitchen Living room | 12X9.6 null 9.6X9 null 8.3X8 null 15.3X10 null 19X9.3 null 15.6X10 null |
Basic Calculator
First Mortgage: $319,920
Mortgage insurance premium: $0
Total Financing: $319,920
Rough closing fee (1.5%): ~ $5,999
Total downpayment with estimated closing fee: $85,979
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,200 | $26,400 |
| Gross rental income (income/principal ratio) | 0.550% | 6.602% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $500 | $6,000 |
| Vacancy | $110 | $1,320 |
| Management Fee | $176 | $2,112 |
| Expense / Income Ratio | 22.73% | 22.73% |
| Cash Flow | $1,414 | $16,968 |
| Net Operating Income (NOI) | $1,414 | $16,968 |
| Capitalization Rate | 0.35% | 4.24% |
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