For sale · MLS® 1304569
24 Carnell Street
St. John's, NL, A1E2S4
List price
$425,000
About this propertyMLS® 1304569
This downtown property at 24 Carnell Street showcases a functional layout with two independent apartments. The main floor features a single-bedroom unit that has been completely remodeled, providing a fresh living space with access from Carnell Street and designated single car parking. The second-floor unit, accessible via a separate entrance on Pleasant Street, includes two bedrooms, making it suitable for various living situations. Each unit includes its own patio deck, laundry facilities, and a full set of major stainless steel appliances. Extensive renovations enhance both the interior and exterior, making this property a blend of character and modern living. With one unit available for rent, the property allows for an owner-occupied lifestyle while benefiting from additional income. This property will also appeal to aspiring investors. Please note the following list of improvements. Approximately 10 years the main floor unit was stripped to the outside walls and electrical, plumbing, insulation, gyproc, all upgraded plus new flooring, kitchen cabinets and bathroom fixtures. Five years ago a new torch-on roof was installed and a new deck to the second floor unit. In 2026 the exterior was repainted and a new deck installed at the main unit. (id:56688)
Property details
Coordinates: [47.555854, -52.718112]
Rooms
| Second level | Bath (# pieces 1-6) Bedroom Bedroom Eat in kitchen Living room | 7'6 x 6'2 null 11'4 x 12'7 null 12'8 x 12'7 null 12'3 x 10'4 null 12'2 x 12'3 null |
| Main level | Laundry room Bath (# pieces 1-6) Bedroom Kitchen Dining room Living room | 5'6 x 4'1 null 9'11 x 8'1 null 12'7 x 19'11 null 10'5 x 12'3 null 6'9 x 12'3 null 15'6 x 10'6 null |
Basic Calculator
First Mortgage: $340,000
Mortgage insurance premium: $0
Total Financing: $340,000
Rough closing fee (1.5%): ~ $6,375
Total downpayment with estimated closing fee: $91,375
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,841 | $22,092 |
| Gross rental income (income/principal ratio) | 0.433% | 5.198% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $532 | $6,384 |
| Vacancy | $93 | $1,105 |
| Management Fee | $148 | $1,768 |
| Expense / Income Ratio | 28.90% | 28.90% |
| Cash Flow | $1,070 | $12,840 |
| Net Operating Income (NOI) | $1,070 | $12,840 |
| Capitalization Rate | 0.25% | 3.02% |
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