For sale · MLS® 1304077
211 Canada Drive
St. John's, NL, A1E4A2
List price
$379,900
About this propertyMLS® 1304077
This well-built two-apartment property offers a practical setup for buyers who want extra help with monthly costs or investors looking for an established rental opportunity. The main unit has three bedrooms, one full bathroom, and a straightforward layout that makes daily life easy. There is space for the household to settle in, host overnight guests, or turn a spare bedroom into an office or hobby room. Downstairs, the separate two-bedroom apartment has its own bathroom and is already rented for $1,400 per month plus utilities. That means rental income is in place from day one, with no need to start advertising or screening tenants before the boxes are even unpacked. Whether you plan to live upstairs or add the property to your portfolio, that built-in income is a major advantage. The neighborhood keeps everyday errands simple, with schools, shopping, recreation, services, and main routes all nearby. It is a convenient location for both owners and tenants, helping support strong long-term appeal. With five bedrooms across two units, useful outdoor space, quality construction, and an approachable price point, this home makes smart use of every level. See how the numbers and the layout could work for you—schedule your private viewing today. No conveyance of any offers until 2:00 pm on October 9, 2026. All offers to remain open until 7:00 pm on October 9, 2026. (id:56688)
Property details
Coordinates: [47.527153, -52.772581]
Rooms
| Basement | Not known Not known Not known Not known Not known Utility room | 8.10x10.4 null 11.6x15.6 null 12.7x14.5 null 12.3x15.6 null 11.10x15.6 null 12.1x12.4 null |
| Main level | Primary Bedroom Bedroom Bedroom Living room Kitchen Dining room | 15.3x14.2 null 10.11x7.4 null 10.11x10.4 null 13.11x17.2 null 10.9x12.9 null 9.7x14.2 null |
Basic Calculator
First Mortgage: $303,920
Mortgage insurance premium: $0
Total Financing: $303,920
Rough closing fee (1.5%): ~ $5,699
Total downpayment with estimated closing fee: $81,679
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,727 | $32,724 |
| Gross rental income (income/principal ratio) | 0.718% | 8.614% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $475 | $5,700 |
| Vacancy | $137 | $1,637 |
| Management Fee | $219 | $2,618 |
| Expense / Income Ratio | 17.42% | 17.42% |
| Cash Flow | $1,898 | $22,776 |
| Net Operating Income (NOI) | $1,898 | $22,776 |
| Capitalization Rate | 0.50% | 6.00% |
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