For sale · MLS® 1304370
63 Reid Street
St. John's, NL, A1E2K8
List price
$399,900
About this propertyMLS® 1304370
Tucked away on a quiet cul-de-sac in the city’s west end, this spacious two-apartment bungalow has been thoughtfully cared for and updated over the years. Improvements include roof shingles (2015), upgraded electrical on the main floor, a mini-split in each unit, both hot water boilers replaced in 2024, and a new rear deck added in 2024. The freshly painted main unit offers three bedrooms, an updated bathroom, and a bright, open-concept living area anchored by a cozy electric fireplace. Step out to the large patio and enjoy the private backyard, framed by mature trees for a peaceful, secluded feel. The two-bedroom basement apartment is a true standout. It features an updated kitchen with a centre island, a comfortable living room, and its own laundry room. The rear of the unit sits above grade, letting in plenty of natural light, and the tenant has a private deck and garden area on the side of the house to call their own. All major appliances are included. The sellers have signed a Seller’s Directive that expires Monday, October 19 at 3:00 PM. All offers will be dealt with by 8:00 PM the same day. (id:56688)
Property details
Coordinates: [47.527484, -52.756431]
Rooms
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom Living room Kitchen Dining room | 7.6 x 5.2 null 12.6 x 7.10 null 12.5 x 8.10 null 13.9 x 12.9 null 17.6 x 17.5 null 12.6 x 9.7 null 12.9 x 7.11 null |
| Lower level | Bath (# pieces 1-6) Not known Not known Not known Not known Not known | 7.8 x 5.1 null 11.4 x 10.11 null 5 x 5.4 null 11.9 x 11 null 11.9 x 11.7 null 11.8 x 10.6 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 | $2,398 | $28,776 |
| Gross rental income (income/principal ratio) | 0.600% | 7.196% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $500 | $6,000 |
| Vacancy | $120 | $1,439 |
| Management Fee | $192 | $2,303 |
| Expense / Income Ratio | 20.85% | 20.85% |
| Cash Flow | $1,587 | $19,044 |
| Net Operating Income (NOI) | $1,587 | $19,044 |
| Capitalization Rate | 0.40% | 4.76% |
Get in touch
Have a question?
Send a message and Haris will get back to you — usually the same day.