For sale · MLS® 1304915
77 Waterford Bridge Road
St. John's, NL, A1E1C5
List price
$499,500
About this propertyMLS® 1304915
**INVESTOR ALERT! TWO-UNIT PROPERTY OVERLOOKING THE WATERFORD RIVER!** Great investment opportunity! This two-storey property features two self-contained two-bedroom apartments, each with its own patio deck overlooking the Waterford River. Enjoy peaceful summer evenings surrounded by trees while listening to the gentle flow of the river. The backyard also features a fire pit for tenants to enjoy. The property includes a full open basement for storage, off-street parking for 3–4 vehicles, and appliances in both units (no warranty). The second-floor unit also features a washer and dryer, only one year old. Seller's Direction is in place and no offers will be conveyed prior to 7pm November 4, 2026 and 11pm November 4, 2026. The second-floor unit is currently leased for $1,800 per month, POU, until March 2027. The main-floor unit is rented month-to-month for $1,400 per month, POU, to a friend and was previously rented for $1,800 per month, POU. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the other, this property offers an excellent opportunity in a peaceful riverside setting! (id:56688)
Property details
Coordinates: [47.543987, -52.723943]
Rooms
| Basement | Storage | 25 x 31 null |
| Second level | Bath (# pieces 1-6) Bedroom Primary Bedroom Living room Kitchen | 6.9 x 8.10 null 9.3 x 10.6 null 11.4 x 11.8 null 15.5 x 20.4 null 7.7 x 12.1 null |
| Main level | Other Bath (# pieces 1-6) Bedroom Primary Bedroom Living room Kitchen | 6.9 x 12 null 7.3 x 9 null 11 x 11.6 null 11.6 x 13.8 null 11.8 x 25.3 null 11.2 x 11.6 null |
Basic Calculator
First Mortgage: $399,600
Mortgage insurance premium: $0
Total Financing: $399,600
Rough closing fee (1.5%): ~ $7,493
Total downpayment with estimated closing fee: $107,393
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,231 | $38,772 |
| Gross rental income (income/principal ratio) | 0.647% | 7.762% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $625 | $7,500 |
| Vacancy | $162 | $1,939 |
| Management Fee | $259 | $3,102 |
| Expense / Income Ratio | 19.34% | 19.34% |
| Cash Flow | $2,186 | $26,232 |
| Net Operating Income (NOI) | $2,186 | $26,232 |
| Capitalization Rate | 0.44% | 5.25% |
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