For sale · MLS® 1304644
111 Codroy Place
St. John's, NL, A1E4J2
List price
$419,900
About this propertyMLS® 1304644
Welcome to 111 Codroy Place, a beautifully updated two-apartment home nestled in the sought-after, family-friendly neighbourhood of Cowan Heights. Combining tasteful updates, excellent curb appeal, income potential, and a fantastic location, this property is an exceptional opportunity for families, first-time buyers, or investors. Upstairs, the bright open-concept living room, dining area, and kitchen flow seamlessly together, creating an inviting space for everyday living and entertaining. The spacious kitchen offers ample cabinetry, generous counter space, and direct access to the rear patio, while a mini-split provides efficient heating and cooling year-round. The main level also features three generous bedrooms, including a spacious primary, and a modern full bathroom. Downstairs, the main unit continues with a large rec room, laundry room, half bathroom, and versatile bonus room ideal for a home office, gym, or storage. The bright one-bedroom basement apartment is an excellent mortgage helper featuring its own eat-in kitchen, living room, full bathroom, laundry hookup, and spacious bedroom. Previously utilized as a short-term rental, it offers additional flexibility and income potential. Outside, enjoy a fully fenced backyard backing onto green space and a playground, offering a fantastic setting for children, pets, gardening, entertaining, or relaxing outdoors. Roof shingles were replaced in October 2023. Ideally located minutes from schools, shopping, restaurants, recreation, and major amenities, 111 Codroy Place offers an outstanding combination of space, comfort, convenience, and income potential. As per the Seller's Direction, there will be no conveyance of offers prior to 5:00 PM on Sunday, November 1, 2026. Offers are to remain open until 10:00 PM the same day. (id:56688)
Property details
Coordinates: [47.533012, -52.760466]
Rooms
| Basement | Bath (# pieces 1-6) Not known Not known Not known | 4 PCS null 13 x 10 null 13 x 10.5 null 12 x 11.5 null |
| Lower level | Bath (# pieces 1-6) Laundry room Not known Recreation room | 2 PC null 9.5 x 5 null 14.5 x 9.9 null 15.10 x 13.3 null |
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom Kitchen Dining room Living room | 4 PCS null 13 x 9 null 12 x 9 null 13 x 12 null 14.6 x 11.9 null 14.6 x 9.9 null 13 x 11 null |
Basic Calculator
First Mortgage: $335,920
Mortgage insurance premium: $0
Total Financing: $335,920
Rough closing fee (1.5%): ~ $6,299
Total downpayment with estimated closing fee: $90,279
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,484 | $29,808 |
| Gross rental income (income/principal ratio) | 0.592% | 7.099% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $525 | $6,300 |
| Vacancy | $125 | $1,491 |
| Management Fee | $199 | $2,385 |
| Expense / Income Ratio | 21.14% | 21.14% |
| Cash Flow | $1,637 | $19,644 |
| Net Operating Income (NOI) | $1,637 | $19,644 |
| Capitalization Rate | 0.39% | 4.68% |
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