For sale · MLS® 1303679
10 Ordanance Street
St. John's, NL, A1C3K7
List price
$630,000
About this propertyMLS® 1303679
10 Ordnance Street is an upscale semi-detached two-apartment home in prime downtown St. John's. It pairs a 3-bedroom, 1.5-bath main unit with a 1-bedroom, 1-bath basement apartment currently rented at a premium $2,000 per month, utilities included. Classic Victorian-style architecture with a bracketed cornice and bay windows sets the tone. The two-storey main unit blends period charm with modern updates: beadboard ceilings, crown moulding, ceiling medallions, hardwood floors, and a grand staircase. The living room features a fireplace mantel and dining room offers built-in wine and beverage fridges. The bright kitchen offers white cabinetry, marble-look counters, stainless appliances, and a window bench with storage. Upstairs, the primary bedroom boasts a bay window, fireplace mantel, and mirrored closet, a skylight brightens the hall, and the main bath features a clawfoot soaker tub and separate shower. In-unit laundry and a fenced private deck complete the space. The self-contained basement apartment offers hardwood floors, a living room with a fireplace mantel, and a galley kitchen with espresso shaker cabinetry, stainless appliances, and a dining area. It also has a spa-inspired bath with a jetted tub and separate shower, in-suite laundry, and its own private patio. Walk to Bannerman Brewing, coffee shops, restaurants, Water Street, and the harbourfront. This rare downtown St. John's income property delivers character, comfort, and cash flow. A great opportunity to live in the main unit and collect premium rent from the apartment, or use as an investment property as the area will always command top rental rates. Come for a tour today! The Seller(s) hereby directs the listing Brokerage there will be NO CONVEYANCE OF ANY WRITTEN SIGNED OFFERS prior to 5:00 PM on the 1st day of October, 2026. The seller further directs that all offers are to remain OPEN FOR ACCEPTANCE until 10:00 PM on the 1st day of October, 2026. (id:56688)
Property details
Coordinates: [47.570926, -52.701618]
Rooms
| Basement | Bath (# pieces 1-6) Bedroom Kitchen Living room | 4pc 9x13.8 null 7.8x12.7 null 10.8x13.8 null |
| Second level | Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom | 4pc 8.11x9.2 null 12.3x12.9 null 13x13 null |
| Main level | Bath (# pieces 1-6) Living room Dining room Kitchen | 2pc 13.10x14.5 null 12.8x14 null 7.6x12.8 null |
Basic Calculator
First Mortgage: $504,000
Mortgage insurance premium: $0
Total Financing: $504,000
Rough closing fee (1.5%): ~ $9,450
Total downpayment with estimated closing fee: $135,450
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,594 | $31,128 |
| Gross rental income (income/principal ratio) | 0.412% | 4.941% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $788 | $9,456 |
| Vacancy | $130 | $1,557 |
| Management Fee | $208 | $2,491 |
| Expense / Income Ratio | 30.38% | 30.38% |
| Cash Flow | $1,469 | $17,628 |
| Net Operating Income (NOI) | $1,469 | $17,628 |
| Capitalization Rate | 0.23% | 2.80% |
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