For sale · MLS® 1304234
102 Topsail Road
St. John's, NL, A1E2A8
List price
$400,000
About this propertyMLS® 1304234
Located on ""Old Topsail Rd"", this is not your typical 2-apartment home, and another like this won’t come along soon. The apartment is NOT in the basement. It is an extension on the main floor of the house. Only a single wall is shared (and no shared bedroom walls). The 2-story main unit has 1,650 square feet of developed space, plus a walk-out basement with over 800 square feet of undeveloped space, and bathroom rough-in. The main floor has a large living room with built-in bookcase, and non-functional fireplace, eat-in kitchen, dining room, and 3 piece bath. Upstairs you will find 3 beds, a full bath, and a 4th room which would make an excellent office or art studio. Hardwood floors throughout the main unit, except the wet areas and office. The front of the house is South-facing, and the large windows flood the home with sunlight. The above-ground one-bedroom apartment was updated about a year ago with water-resistant laminate flooring, paint, and interior doors, and has a modern bath with a tiled shower, it’s own laundry, bright galley kitchen, and spacious living room with a picture window. All vinyl windows except one small window in the office. 200 amp breaker panel in the main, and 100 amp breaker panel in the apartment. Located in the sought-after Waterford Valley with quick access to downtown, and shelter from the wind and warmer temperatures in the unique micro-climate! On a 50x169 lot, with mature trees and excellent privacy in the backyard. Patio resurfaced prior to listing, and there is a 14x20 wired shed. Parking for up to 6 vehicles. The entire house and the shed had new shingles installed in 2025. 2 new hot water tanks were installed in September, 2026, and the entire main unit was freshly painted throughout and new carpet installed on the stairs. Ready to rent or move in immediately! Listing is subject to a seller's direction and no offers will be presented prior to 6pm on October 27th, 2026. The listing agent is also the vendor. (id:56688)
Property details
Coordinates: [47.544086, -52.728299]
Rooms
| Basement | Storage | 33.2x23.11 null |
| Second level | Bath (# pieces 1-6) Office Bedroom Bedroom Primary Bedroom | 4pcs 19.7x5.4 null 9.2x12.1 null 12.5x12.1 null 12.11x12.1 null |
| Main level | Porch Mud room Bath (# pieces 1-6) Dining room Eat in kitchen Living room Not known Bath (# pieces 1-6) Not known Not known | 6.5x8.10 null 5.2x6.7 null 3pcs 13.10x12.4 null 15.4x11.10 null 12.10x24.6 null 7.9x9.1 null 4pcs 11.11x13.3 null 13.10x12.1 null |
Basic Calculator
First Mortgage: $320,000
Mortgage insurance premium: $0
Total Financing: $320,000
Rough closing fee (1.5%): ~ $6,000
Total downpayment with estimated closing fee: $86,000
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,284 | $39,408 |
| Gross rental income (income/principal ratio) | 0.821% | 9.852% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $500 | $6,000 |
| Vacancy | $165 | $1,971 |
| Management Fee | $263 | $3,153 |
| Expense / Income Ratio | 15.23% | 15.23% |
| Cash Flow | $2,358 | $28,296 |
| Net Operating Income (NOI) | $2,358 | $28,296 |
| Capitalization Rate | 0.59% | 7.07% |
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