For sale · MLS® 1303734
35 Treetop Drive
St.John's, NL, A1H1A2
List price
$499,500
About this propertyMLS® 1303734
35 Treetop Drive presents an exceptional opportunity on an extra-large corner lot, perfect as a multi-generational residence or high-potential income investment. Upgraded within the last three years with new windows in the rear of the property, siding, exterior doors, and Pex plumbing, this well-maintained 2-apartment home offers outstanding structural peace of mind. The primary main-floor unit features three bedrooms, a main bath, and a primary ensuite, alongside rich mahogany kitchen cabinetry and a dining area set beneath soaring vaulted ceilings. Completing the property is a self-contained two-bedroom, one-bathroom secondary apartment and an impressive 18' x 28' detached garage, perfect for parking, storage, or workshop use. Showings are available by appointment Wednesday through Friday from 2:00 PM to 5:30 PM in 30-minute intervals. No conveyance of any written signed offers prior to 5pm on Oct 3, 2026. All offers are to remain open for acceptance until 10pm on the 3rd day of October, 2026. (id:56688)
Property details
Coordinates: [47.494491, -52.815614]
Rooms
| Basement | Bath (# pieces 1-6) Bedroom Not known Not known Not known Recreation room | B4 null 11.7x9.9 null 12x10.8 null 13.6x11.5 null 21x8.10 null 18x10.6 null |
| Main level | Bath (# pieces 1-6) Laundry room Bedroom Bedroom Primary Bedroom Kitchen Living room | B4 null 7.6x4.6 null 10x9.8 null 9.10x9.8 null 14.6x10.4 null 18x10 null 13x11.7 null |
Basic Calculator
First Mortgage: $399,600
Mortgage insurance premium: $0
Total Financing: $399,600
Rough closing fee (1.5%): ~ $7,493
Total downpayment with estimated closing fee: $107,393
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,420 | $29,040 |
| Gross rental income (income/principal ratio) | 0.484% | 5.814% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $625 | $7,500 |
| Vacancy | $121 | $1,452 |
| Management Fee | $194 | $2,324 |
| Expense / Income Ratio | 25.83% | 25.83% |
| Cash Flow | $1,481 | $17,772 |
| Net Operating Income (NOI) | $1,481 | $17,772 |
| Capitalization Rate | 0.30% | 3.56% |
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