For sale · MLS® 1302537
3 Caprea Place
St. John's, NL, A1E6G7
List price
$399,900
About this propertyMLS® 1302537
Welcome to this two-apartment home conveniently located in the quite cul-de-sac in the west end of St. John’s. Situated in a quiet, peaceful, and well-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 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 Wednesday, September 9th, 2026. Offers are to remain open until 8:00 PM the same day. (id:56688)
Property details
Coordinates: [47.546396, -52.752]
Rooms
| Basement | Bath (# pieces 1-6) Bath (# pieces 1-6) Bedroom Bedroom Living room Not known | 4pc 2pc 11X12 null 12X9 null 11X13 null 11X14 null |
| Main level | Bath (# pieces 1-6) Recreation room Bedroom Bedroom Primary Bedroom Kitchen Living room | 4pc 11x12 null 9X8.6 null 10.1X9.2 null 12X10 null 16.4X10.4 null 15.6X10.6 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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