For sale · MLS® 1304624
29 Markland Street
St. John's, NL, A1E4A8
List price
$299,900
About this propertyMLS® 1304624
Welcome to 29 Markland Street, St. John’s. Located on a quiet street in the desirable Cowan Heights area, this home offers plenty of potential for buyers looking to add their own personal touch. The main floor features an open-concept living and dining area with hardwood flooring, a good-sized kitchen, and a family room with a propane fireplace and access to the back deck. Two bedrooms and a 4-piece main bathroom complete this level. The lower level offers a spacious rec room, a third bedroom, a half bathroom, laundry and storage rooms, along with a bonus area ideal for a home office or additional flex space. An attached garage, added over the years beneath the extended family room, provides additional convenience and storage. Outside, the mature backyard features a storage shed and offers space to enjoy the outdoors. Additional features include vinyl windows throughout, approximately 90% PEX plumbing, a 125-amp fuse panel, and a roof approximately 15 years old. Conveniently located close to schools, shopping, bus routes, recreation, and many other amenities, this property is a great opportunity for buyers looking to renovate and make a home their own. Property is being sold ""as is, where is"". As per sellers direction, no conveyance of offers prior to 11:00am on Sunday October 25th 2026 and to be left open until 3:00pm Sunday October 25th, 2026. (id:56688)
Property details
Coordinates: [47.528232, -52.775329]
Rooms
| Basement | Office Recreation room Storage Laundry room Bath (# pieces 1-6) Bedroom | 8.1 x 9 null 12.1 x 17.5 null 12 x 14 null 6.9 x 11.5 null 2pc 12 x 14 null |
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Family room/Fireplace Kitchen Dining room Living room | 4pc 10.10 x 14.2 null 10.4 x 10.9 null 13.3 x 18.10 null 9.1 x 11.3 null 9 x 10.8 null 14.1 x 14.2 null |
Basic Calculator
First Mortgage: $239,920
Mortgage insurance premium: $0
Total Financing: $239,920
Rough closing fee (1.5%): ~ $4,499
Total downpayment with estimated closing fee: $64,479
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,288 | $27,456 |
| Gross rental income (income/principal ratio) | 0.763% | 9.155% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $375 | $4,500 |
| Vacancy | $115 | $1,373 |
| Management Fee | $184 | $2,197 |
| Expense / Income Ratio | 16.39% | 16.39% |
| Cash Flow | $1,616 | $19,392 |
| Net Operating Income (NOI) | $1,616 | $19,392 |
| Capitalization Rate | 0.54% | 6.47% |
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