For sale · MLS® 1303453
20 Colonial Street
St. John's, NL, A1C3M8
List price
$259,900
About this propertyMLS® 1303453
Welcome to 20 Colonial Street, a 4 bedroom home in downtown St. John’s featuring three developed levels, 1.5 bathrooms, a fenced backyard, and a walkable location just steps from Bannerman Park. With flexible living space and recent updates, this property presents an exciting opportunity for first time buyers, investors, or those exploring short term rental potential. The main floor features a bright living room and an open kitchen and dining area with direct access to the rear deck and fully fenced backyard, offering plenty of potential to create your own outdoor space. The second floor includes two nicely sized bedrooms, a convenient half bathroom, and laundry space. Continue to the third floor, where you’ll find two additional spacious bedrooms, a full bathroom, and a versatile den that could work well as a home office, walk-in closet, or additional storage. Recent updates include new back door, fresh interior paint throughout, recently painted exterior clapboard at the front and rear, and a new hot water tank installed in August 2026. The property is currently vacant and was most recently rented for $1,650 POU. Set among the colourful streets of downtown, this 4 bedroom home in downtown St. John’s is within easy reach of restaurants, cafés, shops, amenities, and Bannerman Park. Whether you’re searching for a place to call home or considering an investment property, 20 Colonial Street offers plenty of possibilities in the heart of the city. (id:56688)
Property details
Coordinates: [47.569506, -52.70493]
Rooms
| Third level | Den Bedroom Bath (# pieces 1-6) Bedroom | 6 x 7 null 9 x 11 null 6 x 7 null 9 x 11 null |
| Second level | Bedroom Bath (# pieces 1-6) Bedroom | 8.7 x 10.5 null 6 x 8.2 null 12 x 11.4 null |
| Main level | Kitchen Living room | 16.10 x 9.2 null 11.5 x 13.5 null |
Basic Calculator
First Mortgage: $207,920
Mortgage insurance premium: $0
Total Financing: $207,920
Rough closing fee (1.5%): ~ $3,899
Total downpayment with estimated closing fee: $55,879
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,585 | $19,020 |
| Gross rental income (income/principal ratio) | 0.610% | 7.318% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $325 | $3,900 |
| Vacancy | $80 | $951 |
| Management Fee | $127 | $1,522 |
| Expense / Income Ratio | 20.50% | 20.50% |
| Cash Flow | $1,054 | $12,648 |
| Net Operating Income (NOI) | $1,054 | $12,648 |
| Capitalization Rate | 0.41% | 4.87% |
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