For sale · MLS® 1304190
53 Montague Street
St John's, NL, A1A3L6
List price
$375,000
About this propertyMLS® 1304190
Excellent opportunity for homeowners and investors alike! This registered two-apartment is located in the highly sought-after East End and offers a 3-level split entry to the 3-bedroom main unit, currently rented at $1850 POU. The main unit features hardwood floors, oak cabinetry, and plenty of space. Downstairs, the staircase leads to the laundry area and a rec room that can function as a fourth bedroom. A separate side entrance provides access to the 2-bedroom basement apartment, which includes its own living room, kitchen, bathroom, and two well-sized bedrooms. Currently rented for $1300/month POU, this unit is ideal for someone looking to help offset mortgage payments. It has multiple parking spaces in the driveway and a spacious, partially fenced backyard great for playtime and family gatherings. Maintained by the owners, including Roof shingles installed in 2020 and water tanks for both units (2025). Excellent location, with bus routes within walking distance to Drake Cres Park, East Point Elementary, and Pleasant View Towers. As per sellers direction there will be no conveyance of any written offers prior to 12 noon pm on October 13. Offers are to remain open until 5:00pm on October 13. (id:56688)
Property details
Coordinates: [47.597202, -52.688652]
Rooms
| Main level | Recreation room Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom Kitchen Living room | 11x11 null 5 x 12 null 12 x 9 null 12 x 9 null 12 x 11 null 12 x 11 null 16 x 12.5 null |
| Basement | Bath (# pieces 1-6) Bedroom Bedroom Kitchen Living room | 5 x 11 null 11 x 12 null 12 x 11 null 13 x 11 null 13 x 12 null |
Basic Calculator
First Mortgage: $300,000
Mortgage insurance premium: $0
Total Financing: $300,000
Rough closing fee (1.5%): ~ $5,625
Total downpayment with estimated closing fee: $80,625
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,383 | $28,596 |
| Gross rental income (income/principal ratio) | 0.635% | 7.626% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $469 | $5,628 |
| Vacancy | $120 | $1,430 |
| Management Fee | $191 | $2,288 |
| Expense / Income Ratio | 19.68% | 19.68% |
| Cash Flow | $1,605 | $19,260 |
| Net Operating Income (NOI) | $1,605 | $19,260 |
| Capitalization Rate | 0.43% | 5.14% |
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