For sale · MLS® 1304617
2 Allandale Road
St. John's, NL, A1B2Z4
List price
$549,900
About this propertyMLS® 1304617
Exceptional opportunity in one of St. John’s most sought-after locations! Ideally situated on the doorstep of Churchill Square, walking distance to downtown St. John’s and minutes from Memorial University, schools, walking trails and countless amenities, this three-unit property offers incredible versatility for investors or owners looking to live in one unit while generating income from the others. This two-storey home features two spacious three-bedroom units and a one-bedroom above-ground lower apartment. The main unit offers three bedrooms, an oversized living room with built-in shelving, a kitchen with a separate dining area and a full bathroom. Large windows fill the living spaces with natural light. The upper three-bedroom unit has a similar layout and is tenant-occupied, with tenants interested in remaining. The lower unit features one bedroom plus a smaller room ideal for an office, walk-in closet or storage. The two vacant units have been cleared in preparation for sale, offering a purchaser the flexibility to move in or explore rental opportunities immediately. Whether as an investment or a home with additional income, the possibilities are plentiful. The property offers exceptionally large shared storage and a spacious common laundry room with one washer and dryer plus connections for a second set. Owned by the same family since 1999, the property has benefited from continued maintenance and significant improvements, including a 910-litre double-bottom steel oil tank installed in 2024, roofing and chimney work in 2025, all Kitec plumbing removed in 2026, a professional electrical review in 2026, and furnace inspection and cleaning in July 2026. Professional home inspection completed September 2026; supporting documentation available for review. Backing onto a walking trail in an established, family-friendly neighbourhood, 2 Allandale Road presents a rare opportunity to own a substantial multi-unit property in an exceptional central location. (id:56688)
Property details
Coordinates: [47.570939, -52.721298]
Rooms
| Basement | Storage Storage Storage Storage Laundry room Bath (# pieces 1-6) Bedroom Family room Kitchen | 7.1 x 5.4 null 8.7 x 4.10 null 19.4 x 12.0 null 12.0 x 9.2 null 12.0 x 9.2 null 4 PC null 10.8 x 11.9 null 16.10 x 12.10 null 10.8 x 9.11 null |
| Second level | Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom Living room/Fireplace Dining room Kitchen | 4 PC null 10.8 x 10.2 null 10.2 x 9.6 null 14.3 x 12.3 null 20.4 x 15.1 null 13.7 x 8.1 null 7.9 x 10.10 null |
| Main level | Bedroom Bedroom Primary Bedroom Living room/Fireplace Bath (# pieces 1-6) Dining room Kitchen | 10.5 x 10.4 null 11.8 x 10.4 null 14.5 x 12.5 null 20.4 x 15.3 null 4 PC null 17.1 x 8.0 null 10.11 x 7.5 null |
Basic Calculator
First Mortgage: $439,920
Mortgage insurance premium: $0
Total Financing: $439,920
Rough closing fee (1.5%): ~ $8,249
Total downpayment with estimated closing fee: $118,229
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $4,010 | $48,120 |
| Gross rental income (income/principal ratio) | 0.729% | 8.751% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $688 | $8,256 |
| Vacancy | $201 | $2,406 |
| Management Fee | $321 | $3,850 |
| Expense / Income Ratio | 17.16% | 17.16% |
| Cash Flow | $2,801 | $33,612 |
| Net Operating Income (NOI) | $2,801 | $33,612 |
| Capitalization Rate | 0.51% | 6.11% |
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