For sale · MLS® 1302920
1 McGrath's Lane
Brigus, NL, A0A2Z0
List price
$420,000
About this propertyMLS® 1302920
Located in beautiful Brigus, 1 McGrath’s Lane is a century-old home carefully renovated without losing what made it special. Combining historic character with the comfort and functionality of a complete renovation, this home is a beautiful example of old and new working together. Has been used as a vacation rental, the home has proven its appeal to visitors while remaining equally suited to personal use. Whether you're looking for a full-time home, weekend retreat or a property with income potential, 1 McGrath’s Lane offers flexibility to make it your own. Rather than erase its history, the renovation embraces it. Original wood flooring has been preserved on the bedroom walls, while new finishes complement the home's traditional character. The result is a warm, cohesive home where old and new work beautifully together. The main floor features a custom kitchen with beautiful cabinetry, dining area, living room, full bathroom and convenient laundry closet. Upstairs are three bedrooms and a second full bathroom, thoughtfully added during the renovation for a more functional modern layout. The home also offers upgraded insulation and vinyl windows, while charming exterior details, including the distinctive skirt around the lower portion of the home, add character and help protect the foundation. Outside, mature trees surround the property, with a backyard, deck with BBQ and small storage shed. Just minutes from the heart of Brigus, you'll be close to local shops, restaurants, the waterfront and the community's historic charm. Fully furnished and ready to enjoy, the home offers plenty of flexibility for its next owner, move in, use it as a weekend getaway, continue welcoming visitors, or keep the option of income-producing use in the future. For someone who appreciates history, beautiful details and small-town charm, 1 McGrath’s Lane offers something that's hard to recreate, a home with a story, thoughtfully carried forward for its next chapter. (id:56688)
Specifications
Property details
Room by room
Rooms
| Second level | Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom | 10 x 5 10 x 9 10 x 9 10 x 13 |
| Main level | Bath (# pieces 1-6) Living room Dining room Kitchen | 8 x 6 9 x 13 9 x 8 9 x 10 |
The essentials
Location, air, flood & taxes
Elevation
20 m above sea level
Air quality now
AQHI 1.82 · Low risk
St. John's station · updated 2:00 a.m.
Property tax
$679 / year
≈ $57 / month · assessment year 2025
Nearby & drive routes
4 places shown · 3 routes · OpenStreetMap · OSRM
- 64 min to downtown St. John's72.1 km
- 64 min to Memorial University71.4 km
- 69 min to Avalon Mall78.2 km
Cafés 3
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
$57/mo
Principal & interest $0 + property tax $57 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-524
NOI / month
$-524
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $57 | $679 |
| Expenses | $468 | $5,616 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-524 | $-6,288 |
| NOI | $-524 | $-6,288 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
Get in touch
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- Office17 Duffy Place, Suite 200, St. John's
Keller Williams Platinum Realty
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