For sale · MLS® 1302826
7 Bown Street
Bell Island, NL, A0A4H0
List price
$179,900
About this propertyMLS® 1302826
Attention Investors! Great income-generating opportunity at an attractive price point, with two rental units currently occupied and generating income. Located on Bell Island, just a short ferry ride from St. John’s and within easy reach of amenities, this property offers an excellent opportunity for investors looking for affordable real estate with rental income potential. This bright and spacious two-storey home features two separate apartments, both currently rented. The main floor offers a one-bedroom apartment with its own separate entrance and convenient in-unit laundry. The upper level features a spacious three-bedroom apartment with its own private entrance and hookups for a stackable washer and dryer. Numerous significant upgrades have been completed in recent years, including the roof, siding, windows, electrical and plumbing, as well as Durafoam 7.5R insulation in 2018. More recent improvements include a new front door in 2023, a new front step in 2026, and redone stairs in September 2026. The property also retains plenty of its original charm and character, including hardwood floors, wooden doors and trim. The existing two-apartment configuration offers excellent flexibility for an investor, while the layout could also be converted back to a single-family dwelling if desired. Two units. Both rented. Significant upgrades. Affordable price point. Income-generating potential. Whether you're an experienced investor looking to expand your portfolio or a first-time investor searching for an entry point into income-producing real estate, 7 Bown Street is a property worth a closer look. (id:56688)
Specifications
Property details
Room by room
Rooms
| Second level | Kitchen Living room Bedroom Bedroom Primary Bedroom | 10X9 13X11 14X7 10X8 13X10 |
| Main level | Bath (# pieces 1-6) Living room Primary Bedroom Kitchen | 7X12 17X12.5 11X12 13X13 |
The neighbourhood
Bell Island at a glance
Live market stats for Bell Island — what's for sale, what it costs, and how it compares to nearby towns.
Homes for sale here
12
Median list price
$167k
Price range
$15k – $360k
Typical build
1982
Average size
1,842 sqft
Where Bell Island listings are priced
Every active list price in Bell Island, grouped into bands.
List price, thousands of $ · 12 homes
View as table
| Price band ($) | Listings |
|---|---|
| <200 | 9 |
| 200–300 | 2 |
| 300–400 | 1 |
How Bell Island compares
Median list price against the next biggest markets — click a row for that area guide.
The essentials
Location, air, flood & taxes
Elevation
72 m above sea level
Air quality now
AQHI 1.82 · Low risk
St. John's station · updated 2:00 a.m.
Property tax
$1,250 / year
≈ $104 / month · assessment year 2026
Nearby & drive routes
2 places shown · 3 routes · OpenStreetMap · OSRM
- 48 min to downtown St. John's25.5 km
- 45 min to Memorial University23.4 km
- 35 min to Avalon Mall15.3 km
Schools 1
Parks 1
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
$105/mo
Principal & interest $0 + property tax $105 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-224
NOI / month
$-224
Cap rate
-1.49%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $105 | $1,250 |
| Expenses | $120 | $1,440 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-224 | $-2,688 |
| NOI | $-224 | $-2,688 |
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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