For sale · MLS® 1302521
1 Aldershot Street
St. John's, NL, A1G2T8
List price
$369,500
About this propertyMLS® 1302521
Prime Investment Opportunity in Central St. John's! 2 unit property located on the corner of 1 Aldershot Street and 140 Merrymeeting Road, this versatile two-apartment property offers exceptional potential for savvy investors or home buyers looking for a mortgage helper. Unit 1 (140 Merrymeeting Road) — Move-In Ready: Extensively renovated and thoughtfully laid out. The main level features a spacious living area, functional kitchen, dedicated laundry/storage space, and a primary bedroom complete with a walk-in closet and half bath. Upstairs offers two additional bedrooms an office and a full bathroom. Upgrades include a new municipal water service, sewer vent, and new shingles (2019). Unit 2 (1 Aldershot Street) — High-Potential Project: Approximately 60–70% renovated, with major structural updates already complete, including new siding, windows, electrical service (2021), and shingles. Most remaining building materials needed to finish the project—including kitchen cabinetry and a bathroom vanity—are included in the purchase price! Bonus Parcel & Development Potential: The property includes an additional parcel of land offering fantastic versatility—ideal for a private garden, a large detached garage, or possible future development (the city previously approved plans for two additional units on this lot in 2005). Note: Any development, lot subdivision, or city approvals are to be verified and completed at the purchaser's expense. (id:56688)
Specifications
Property details
Room by room
Rooms
| Second level | Office Bath (# pieces 1-6) Bedroom Bedroom Bedroom Bedroom Bedroom Bath (# pieces 1-6) | 10.5 x 6.1 6 x 5.10 8 x 11 8 x 8.6 10 x 13.6 12.2 x 12.5 12x11.11 4.10 x 7 |
| Main level | Other Storage Kitchen Living room Porch Storage Laundry room Bath (# pieces 1-6) Primary Bedroom Living room Kitchen | 11.6 x 20 6.5 x 11.6 15 x 8 17 x 9 7 x 9.7 12 x 4.6 6 x 5 3.6 x 4 10 x 10 12 x 12.2 12.5 x 12.2 |
The neighbourhood
St. John's at a glance
Live market stats for St. John's — what's for sale, what it costs, and how it compares to nearby towns.
Homes for sale here
458
Median list price
$400k
Price range
$1.4k – $4.3M
Typical build
1976
Average size
3,547 sqft
Where St. John's listings are priced
Every active list price in St. John's, grouped into bands.
List price, thousands of $ · 385 homes
View as table
| Price band ($) | Listings |
|---|---|
| <200 | 40 |
| 200–300 | 54 |
| 300–400 | 105 |
| 400–500 | 57 |
| 500–750 | 62 |
| 750–1M | 31 |
| 1M+ | 36 |
How St. John's compares
Median list price against the next biggest markets — click a row for that area guide.
The essentials
Location, air, flood & taxes
Elevation
85 m above sea level
Air quality now
AQHI 1.82 · Low risk
St. John's station · updated 2:00 a.m.
Flood zone
Outside floodplain
City of St. John's flood mapping · not flagged
Zoning
R3 · R3
0.42 ha parcel
Property tax
$2,784 / year
≈ $232 / month
Climate
Feb -1° · Jul 21°
normal daily high · ST JOHN'S A station · 1991–2020
Nearby & drive routes
127 places shown · 3 routes · OpenStreetMap · OSRM
- 2 min to downtown St. John's1 km
- 6 min to Memorial University2.9 km
- 12 min to Avalon Mall9.5 km
Schools 55
Health 1
Groceries 13
Cafés 12
Parks 27
Bus stops 19
Plan ahead
Calculators & neighbourhood
Estimate payments and returns, and check how walkable this address is — all in one place.
Plan ahead
Mortgage & investment calculator
Estimated monthly payment
$232/mo
Principal & interest $0 + property tax $232 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-462
NOI / month
$-462
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $232 | $2,784 |
| Expenses | $230 | $2,760 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-462 | $-5,544 |
| NOI | $-462 | $-5,544 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
Get in touch
Have a question?
Send a message and Haris will get back to you — usually the same day.
Talk to Haris
A real person, every time
Buying, selling, or just curious about what your home is worth — no call centres, no runaround.
- Call or text416-873-4676
- Emailharis@barki.co
- Office17 Duffy Place, Suite 200, St. John's
Keller Williams Platinum Realty
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