For sale · MLS® 1304891
26 Shoal Bay Road
St. John's, NL, A1S0B4
List price
$399,900
About this propertyMLS® 1304891
First Time to Market! 26 Shoal Bay Road is a custom-built, one-owner home sitting on approximately half an acre, including the adjacent parcel included in the sale. Conveniently located close to all amenities, on a bus route with a stop right outside, this property offers space, privacy and incredible potential. Numerous updates have been completed, including new siding, roof, front step and back patio, along with fresh paint throughout and new flooring in the primary bedroom in 2026. The hot water boiler was replaced in 2024, and additional flooring and hardwood updates have been completed over the past four years. The walkout basement offers fantastic potential, featuring a nearly completed one-bedroom in-law suite with its own exterior entrance and ample parking. The bathroom remains to be finished, and the space could be ideal for extended family, older children or guests, with the potential to convert to a registered apartment subject to Town approval. Beyond the suite, the basement has an unfinished portion ready for your vision, with a wood-burning stove already in place to help offset heating costs while creating a warm, cozy space to enjoy. The mature lot features multiple maple and apple trees, an old farm plot, and a private green space surrounded by birch and pine trees, with a little river running through the parcel that adds to the serene setting. With plenty of room for vegetable gardens, outdoor projects and recreation, the possibilities are endless. Two sheds, one wired with electricity, are included, and there is still ample space to create your own backyard oasis with outdoor entertaining areas, gardens, and even space for a future hot tub, as well as space to add a garage for your vehicles. With the big-ticket items taken care of, a large private lot, mature trees, two sheds and versatile living space, this property offers plenty of room to grow and make it your own, all while remaining close to all amenities! No Sellers Direction! (id:56688)
Property details
Coordinates: [47.439613, -52.767699]
Rooms
| Lower level | Utility room Storage Laundry room Family room/Fireplace | 4.7 X 5.1 null 6.0 X 5.1 null 10.1 X 6.1 null 23.1 X 19.2 null |
| Basement | Bath (# pieces 1-6) Not known Not known Not known | 4.6 X 7.1 null 13.4 X 12.1 null 10.6 X 8.7 null 8.1 X 8.3 null |
| Second level | Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom | 9.3 X 7.1 null 9.2 X 8.1 null 12.9 X 8.1 null 11.9 X 12.6 null |
| Main level | Foyer Porch Living room Dining room Kitchen | 11.1 X 4.3 null 4.11 X 5.1 null 11.1 X 14.8 null 10.1 X 6.5 null 10.1 X 12.1 null |
Basic Calculator
First Mortgage: $319,920
Mortgage insurance premium: $0
Total Financing: $319,920
Rough closing fee (1.5%): ~ $5,999
Total downpayment with estimated closing fee: $85,979
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,156 | $25,872 |
| Gross rental income (income/principal ratio) | 0.539% | 6.470% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $500 | $6,000 |
| Vacancy | $108 | $1,294 |
| Management Fee | $173 | $2,070 |
| Expense / Income Ratio | 23.19% | 23.19% |
| Cash Flow | $1,376 | $16,512 |
| Net Operating Income (NOI) | $1,376 | $16,512 |
| Capitalization Rate | 0.34% | 4.13% |
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