For sale · MLS® 1304266
90 Cabot Street
St. John's, NL, A1C1Z6
List price
$399,900
About this propertyMLS® 1304266
Beautiful registered two-apartment semi-detached home ideally located in the heart of downtown, just minutes from restaurants, shops & the downtown core. Perfect for a young family, professionals or investors seeking an excellent income opportunity. The bright & spacious main unit features hardwood floors & crown mouldings throughout, living room & a dining room showcasing the original fireplace & mantel (non-functioning). The beautiful kitchen offers white cabinetry, stainless steel appliances & subway tile backsplash, with convenient main-floor laundry & powder room. A hardwood staircase with wainscoting leads to the upper level, featuring a spacious primary bedroom with double closets, two additional well-sized bedrooms & a spa-inspired four-piece bathroom with soaker tub. The impressive one-bedroom walk-out basement apartment offers an open-concept living room & kitchen with island, a large bedroom with double closet, spacious bathroom with laundry & additional storage. Currently rented for $1,200/month POU, with excellent tenants who wish to remain. Outside, enjoy a rare downtown find: a private, fully fenced backyard oasis featuring a brand-new deck & 10x12 storage shed. 10 years ago, the home underwent extensive renovations, stripped to the studs & rebuilt to code, including structural work, framing, insulation & foundation repairs. Additional upgrades include all new plumbing, electrical, HRV systems in both units, sound batting & RC channel between units, front siding, appliances, plus a furnace upgrade with nine heating zones & digital thermostats in every room of the main unit. Recent improvements include a new fibre glass oil tank (2020), rear siding & primary bedroom window (2025), and driveway, front steps & back deck (2026) A fantastic opportunity to own a beautifully updated downtown property with character, modern comfort & rental income potential. No conveyance of offers until 3pm October 19, 2026 and left open for acceptance until 8pm same day. (id:56688)
Property details
Coordinates: [47.561548, -52.715845]
Rooms
| Basement | Bath (# pieces 1-6) Not known Not known Not known Not known Porch | 4pc 8x5.5 null 17.5x11.3 null 14x8.5 null 11.9x10.1 null 4.1x4 null |
| Second level | Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom | 4pc 14.3x11.10 null 13.6x11.11 null 21.11x10.2 null |
| Main level | Bath (# pieces 1-6) Laundry room Kitchen Living room Dining room Porch | 2pc 7.10x6 null 12.9x12.4 null 13.5x11.11 null 11.10x11.6 null 4.4x3.4 null |
Basic Calculator
First Mortgage: $319,920
Mortgage insurance premium: $0
Total Financing: $319,920
Rough closing fee (1.5%): ~ $5,999
Total downpayment with estimated closing fee: $85,979
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,715 | $32,580 |
| Gross rental income (income/principal ratio) | 0.679% | 8.147% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $500 | $6,000 |
| Vacancy | $136 | $1,629 |
| Management Fee | $218 | $2,607 |
| Expense / Income Ratio | 18.42% | 18.42% |
| Cash Flow | $1,863 | $22,356 |
| Net Operating Income (NOI) | $1,863 | $22,356 |
| Capitalization Rate | 0.47% | 5.59% |
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