For sale · MLS® 1304505
6 Greenspond Drive
St. John's, NL, A1E5Z5
List price
$399,000
About this propertyMLS® 1304505
Extremely well-maintained registered two-apartment home located in desirable Cowan Heights, conveniently situated close to schools, bus routes, and all major amenities. The main floor features beautiful hardwood flooring throughout, three generously sized bedrooms, an eat-in kitchen, and a separate formal dining area. The spacious family room provides additional living space, while the basement also offers a versatile den or potential fourth bedroom, along with a convenient half-bath/laundry combination. A welcoming, oversized front porch adds to the home’s appeal, while all vinyl windows provide added convenience. Enjoy the evening sun from the patio just off the kitchen. The property also features a very tidy, well-kept one-bedroom apartment with a bright, open-concept layout, making it an excellent option for extended family or those looking to generate rental income. This home is exceptionally clean and well cared for throughout! No conveyance of offers until 7 pm October 28th, 2026 and all offers to be left open until 11 pm Oct 28th, 2026. Offers will be presented at 7:30 pm on October 28th, 2026. (id:56688)
Property details
Coordinates: [47.538927, -52.758276]
Rooms
| Basement | Not known Bath (# pieces 1-6) Not known Not known Not known Bath (# pieces 1-6) Laundry room Family room | 4 x 8 null 6 x 8 null 12 x 14 null 12 x 12 null 10 x 12 null 6 x 8 null 8 x 6 null 14 x 14 null |
| Main level | Bedroom Bedroom Primary Bedroom Kitchen Dining room Living room Foyer | 10.6 x 10 null 15.6 x 8.5 null 14 x 12.9 null 14.3 x 14 null 13.3 x 9 null 14 x 13.3 null 5 * 6 null |
Basic Calculator
First Mortgage: $319,200
Mortgage insurance premium: $0
Total Financing: $319,200
Rough closing fee (1.5%): ~ $5,985
Total downpayment with estimated closing fee: $85,785
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,702 | $32,424 |
| Gross rental income (income/principal ratio) | 0.677% | 8.126% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $499 | $5,988 |
| Vacancy | $136 | $1,622 |
| Management Fee | $217 | $2,594 |
| Expense / Income Ratio | 18.47% | 18.47% |
| Cash Flow | $1,852 | $22,224 |
| Net Operating Income (NOI) | $1,852 | $22,224 |
| Capitalization Rate | 0.46% | 5.57% |
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