For sale · MLS® 1304013
2 Central Street
St. John's, NL, A1C1W1
List price
$359,000
About this propertyMLS® 1304013
Welcome to 2 Central Street, a completely renovated detached home situated in the heart of vibrant downtown St. John’s. Between 2017/18, the home underwent a complete renovation down to the studs—featuring an open-concept main floor with an LVL beam, 8-inch main-floor walls, fully insulated walls, new flooring, new fireplace, and updated plumbing, electrical, windows, exterior and interior doors, siding, and decks. Most recently, in 2026, weeping tile was installed around the rear and side of the house and the front area was repaved, while the torched-on roof is ~12 yrs old. This move-in ready property features ~1,250 sqft of finished living space and bathed is in bright southern exposure with views of the harbour and Signal Hill. The main level boasts airy 9-foot ceilings, durable laminate flooring, half bath, electric fireplace, and a mini-split for efficient heating and cooling. At the core of the home is a thoughtfully designed kitchen equipped with custom cabinetry, soft-close doors, a built-in eating area, and main-floor deck access. The upper floor offers two spacious bedrooms and two full bathrooms tiled in ceramic, including an impressive primary suite complete with a view, a walk-in closet, and a full ensuite bath. There is also a flexible open space at the top of the landing currently utilized as a home office, with access to a second upper-deck. Additional features include a 500+ sqft unfinished basement with 6-foot ceilings ideal for storage, off-street parking for two vehicles (one paved), plus eligibility for a City on-street parking permit. Green space is easily found right across the street at the local park, and the home is just steps from downtown amenities, a 10-minute walk to the Waterford River Trail, and an easy walk to the Rennie’s River Trail as well as many restaurants and bars. As per Seller's Direction, there will be no conveyance of offers prior to 4:00pm on Wednesday, October 28, 2026 with offers left open until 9:00pm of the same day. (id:56688)
Property details
Coordinates: [47.560964, -52.714221]
Rooms
| Basement | Storage | 25.2x20.2ft null |
| Second level | Bath (# pieces 1-6) Bedroom Ensuite Primary Bedroom | 7.2x9.1ft null 8.8x13ft null 5.11x8.10ft null 12.1x14.11ft null |
| Main level | Storage Bath (# pieces 1-6) Not known Kitchen Living room | 4.6x5.10ft null 8.10x6.11ft null 12.4x6.11ft null 11.6x14.5ft null 15.7x15.4ft null |
Basic Calculator
First Mortgage: $287,200
Mortgage insurance premium: $0
Total Financing: $287,200
Rough closing fee (1.5%): ~ $5,385
Total downpayment with estimated closing fee: $77,185
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,933 | $23,196 |
| Gross rental income (income/principal ratio) | 0.538% | 6.461% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $449 | $5,388 |
| Vacancy | $97 | $1,160 |
| Management Fee | $155 | $1,856 |
| Expense / Income Ratio | 23.23% | 23.23% |
| Cash Flow | $1,233 | $14,796 |
| Net Operating Income (NOI) | $1,233 | $14,796 |
| Capitalization Rate | 0.34% | 4.12% |
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