For sale · MLS® 1304435
19 Burdell Place
St. John's, NL, A1E6A4
List price
$399,900
About this propertyMLS® 1304435
Opportunity Knocks! This registered 2-apartment home is ideally situated on a quiet, child-friendly cul-de-sac in sought-after Cowan Heights. With major improvements just completed in August & September 2026, totalling in excess of $90,000, this grade-level bungalow presents an exceptional opportunity for investors or homeowners looking to offset their mortgage with rental income. The main home offers a welcoming living room with walk-in bay window, a spacious, entertaining-sized kitchen with a large adjoining dining area & patio doors leading to the rear patio. Three well-proportioned bedrooms & a 4-piece family bathroom complete the main level. Downstairs features a rec room, laundry, powder room & ample storage. The bright & spacious apartment offers a living room, eat-in kitchen, two bedrooms, a full bathroom & laundry hookups. Extensive recent upgrades include a fully re-sheeted roof with new shingles, new vinyl siding & trims, a new rear sliding patio door, a new exterior apartment door, upgraded 200-amp electrical service, conversion to electric heat & the addition of three mini-split heads (two in the main home & one in the apartment). The apartment also features new kitchen cabinetry, while a fresh, professionally selected, on-trend neutral colour palette flows throughout. A full list of improvements is available upon request. Vacant & ready for immediate occupancy, this extensively updated property sits on a private, landscaped lot with garden shed & lovely rear vistas. Don't miss this opportunity to own a beautifully improved home in one of Cowan Heights' sought-after locations! No conveyance of offers until Thursday, October 22 @ 4:00pm and left open for acceptance until 9:00pm the same day. (id:56688)
Property details
Coordinates: [47.538339, -52.770777]
Rooms
| Basement | Not known Bath (# pieces 1-6) Not known Not known Not known Not known Bath (# pieces 1-6) Laundry room Family room | 6.5 x 5.3 4pc 10.9 x 10.11 null 9.9 x 11.11 null 12.5 x 13.9 null 12.5 x 12.0 null 6.9 x 5.8 2pc 16.2 x 16.7 null |
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom Eating area Kitchen Living room Porch | 6.6 x 12.1 4pc 9.8 x 11.11 null 9.2 x 11.5 null 13.0 x12.1 null 6.7 x 15.7 null 9.9 x 12.1 null 15.11 x 13.6 null 4.1 x 5.0 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 | $2,310 | $27,720 |
| Gross rental income (income/principal ratio) | 0.578% | 6.932% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $500 | $6,000 |
| Vacancy | $116 | $1,386 |
| Management Fee | $185 | $2,218 |
| Expense / Income Ratio | 21.65% | 21.65% |
| Cash Flow | $1,510 | $18,120 |
| Net Operating Income (NOI) | $1,510 | $18,120 |
| Capitalization Rate | 0.38% | 4.53% |
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