For sale · MLS® 1305093
224 Canada Drive
St. John's, NL, A1E4A4
List price
$285,000
Seller's direction · offers
No conveyance of offers until
Thursday, November 12 at 12:00 p.m. NST · open for acceptance until 5:00 p.m. NST
8
days left
No conveyance of offers until Thursday, November 12th@ noon and left open for acceptance until 5:00pm the same day.
Deadline extracted automatically from the listing remarks — it may be missing, incomplete, or out of date. Always confirm offer terms with the listing brokerage.
About this propertyMLS® 1305093
Welcome to 224 Canada Drive – An Exciting Opportunity in the Heart of Cowan Heights! Whether you're looking to invest, offset your mortgage with rental income, or find a home with room for the whole family, this registered two-apartment property offers endless possibilities! Ideally situated in the sought-after community of Cowan Heights, this spacious home features 5 bedrooms and 2 full bathrooms, with a three-bedroom main-floor apartment and a two-bedroom basement apartment. It's an excellent opportunity for investors looking to add to their portfolio or homeowners seeking the added benefit of rental income. Step inside the main-floor apartment and discover a welcoming, living room with fireplace, creating the perfect setting to relax and unwind. The living room flows nicely into the dining area, which connects conveniently to the kitchen. Down the hallway, you'll find three well-sized bedrooms and a full bathroom, offering plenty of space for comfortable everyday living. The lower-level apartment is accessible off the driveway provides a fantastic additional living space, complete with two bedrooms, a full bathroom, a family room and storage area. A shared laundry area adds convenience for both units, making this an appealing setup for tenants or extended family. Outside, enjoy a backyard with plenty of room for gardening, entertaining or simply enjoying the outdoors. A storage shed provides that extra space everyone appreciates. Adding even more potential, the lower-level family room was previously a garage and could potentially be converted back, offering buyers another opportunity to customize the space to suit their needs. This is an estate sale, and the property is being sold as is. Don't miss your chance to make this versatile property your next investment or place to call home! No conveyance of offers until Thursday, November 12th@ noon and left open for acceptance until 5:00pm the same day. (id:56688)
Specifications
Property details
Overview
The home
Systems & utilities
Size & land
Taxes
Parking & outdoor
Features
Fees & source
Room by room
Rooms
View rooms as table
| Basement | Laundry room Bath (# pieces 1-6) Not known Not known Not known Not known | 14.11 x 13.0 · 183 sqft 4 Piece 13.1 x 11.4 · 149 sqft 13.9 x 10.2 · 142 sqft 13.0 x 12.3 · 160 sqft 19.2 x 15.3 · 294 sqft |
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom Living room/Fireplace Dining room Kitchen Porch | 4 Piece 10.3 x 9.5 · 98 sqft 14.2 x 8.2 · 116 sqft 14.2 x 10.8 · 153 sqft 14.2 x 13.4 · 190 sqft 14.3 x 9.3 · 133 sqft 13.9 x 8.0 · 111 sqft 6.6 x 10.6 · 70 sqft |
The neighbourhood
St. John's at a glance
Live market stats for St. John's — what's for sale, what it costs, how it compares to nearby towns, and how walkable this address is.
Homes for sale here
456
Median list price
$400k
Price range
$1.4k – $4.3M
Typical build
1975
Average size
3,628 sqft
Where St. John's listings are priced
Every active list price in St. John's, grouped into bands.
List price, thousands of $ · 385 homes
View as table
| Price band ($) | Listings |
|---|---|
| <200 | 39 |
| 200–300 | 55 |
| 300–400 | 103 |
| 400–500 | 56 |
| 500–750 | 66 |
| 750–1M | 31 |
| 1M+ | 35 |
How St. John's compares
Median list price against the next biggest markets — click a row for that area guide.
The essentials
Location, air, flood & taxes
Flood (100-yr)
outside the mapped floodplain
Elevation
103 m
0300 mmetres above sea level
Air quality now
1–3 band
110+AQHI 2 · Low risk · St. John's · updated 10:00 p.m.
Property tax
$2,038 / year
≈ $170 / month · assessment year 2026
Climate
Feb -1° · Jul 21°
normal daily high · ST JOHN'S A station · 1981–2010
Amenity constellation
compass view · OpenStreetMap · ODEF schools
Nearby & drive routes
43 places shown · 3 routes · OpenStreetMap · OSRM
- 10 min to downtown St. John's7.7 km
- 12 min to Memorial University10.5 km
- 17 min to Avalon Mall17.3 km
Schools 11
Health 5
Groceries 5
Cafés 3
Parks 5
Bus stops 14
Cost & context
What this home really costs
Winter heat, five years of ownership, how this price sits against the market, and what the map says is within walking distance — every figure captioned with its assumptions.
Winter warmer
Jan–Mar · estimate
$470/mo
Est. winter heating (electricity) — about $1,411 for January through March.
Estimate — not an appraisal. electricity at 15.587¢/kWh (Newfoundland Power, eff. Jul 1 2026, pre-HST). 2,169 sqft. Severity 1.00× St. John's from the ST JOHN'S A station 1981–2010 normal. Jan–Mar only; excludes HST, hot water, cooking and any cooling.
5-year cost of ownership
20% down · 25-yr
5-year all-in: $108,111
Closing costs + five years of running costs + 60 mortgage payments on a $285,000 home.
If rates rise 2 points
$16,283 more over five years if the rate is 6.44% instead of 4.44% — P&I only.
Once, at closing
- Land transfer (registration) fee$100 + $0.40 per $100 over $500, capped at $5,000$1,238
- Legal feesest.estimate — your lawyer quotes the exact figure$1,500
- Down payment (20%)$57,000
Every year
- Heatingest.2× the Jan–Mar estimate (heating season ≈ 6 months)$2,822
- Property taxfrom the feed$2,038
- Home insuranceest.estimate — NL range $700–$1,500/yr$1,100
× 5 years = $29,800
By down payment
| Down | Payment | 5-yr all-in | Note |
|---|---|---|---|
| 5% | $1,496 | $122,281 | needs mortgage insurance (not modelled) |
| 10% | $1,417 | $117,557 | needs mortgage insurance (not modelled) |
| 20% | $1,260 | $108,111 | no mortgage insurance |
Estimates — not a quote or an appraisal. Mortgage at 4.44% (best market 5-yr fixed, Ratehub.ca, 2026-11-04), 25-year amortization, P&I only. Land transfer fee: Registry of Deeds schedule ($100 + $0.40/$100 over $500, cap $5,000). Legal $1,500 and insurance $1,100/yr (NL range $700–$1,500) are estimates. Heating is 2× the Jan–Mar winter estimate. 5-year all-in = closing costs + 5 years of running costs + 60 mortgage payments; it excludes CMHC insurance (needed below 20% down), utilities other than heat, and maintenance.
Rate time machine
same house · same down payment
Same house, same down payment — your payment today at 4.44%best market rate · posted was 6.19%
- Today, best market rate2026-11-04 · 4.44%$1,260/mo
- Today, posted2026-11-04 · 6.19%$1,496/mo
- 5 years ago2021-11-03 · 4.79%$1,305/mo
- 10 years ago2016-11-02 · 4.64%$1,285/mo
At 6.19% — five years ago — the same mortgage would have cost $236 more each month than at today's posted rate.
Principal & interest only: $228,000 (80% of the $285,000 asking price — 20% down), 25-year amortization. No taxes, insurance, fees, or mortgage insurance. Today's rate is the Bank of Canada conventional 5-year rate observed 2026-11-04. The 5- and 10-year rows are two documented observations of that same series (2021-11-03 = 4.79%, 2016-11-02 = 4.64%, retrieved 2026-11-01 from bankofcanada.ca/valet) — fixed reference points, not a modelled path between them. Estimate — not an offer of credit; your lender's rate will differ.
Price ghosts
$/sqft vs 327 active
Priced at the 12th percentile of active St. John's homes
$131/sqft — city median $192/sqft.
Errand score
walk-time weighted
67
grocery 370 m, school 200 m
Nearest errand: Frecker Drive at Whitbourne Street (bus stop) — 70 m, about 1 min on foot.
Walk-time-weighted from OpenStreetMap + ODEF school data; straight-line distance at 4.8 km/h. Weights: grocery 1.0, school 0.9, health 0.8, park 0.4, café 0.35, bus 0.3 — nearest place per category only. Half-value every 6 minutes of walking; nothing scores past a 15-minute walk. 100 = every category at the door. This is a mapping of what's drawn on the map, not a survey of what exists.
Ask this listing
open data · 4 questions
- School within 1 km?Yes · 200 mPrecious People's Playland
- Grocery nearby?Yes · 370 mCircle K
- Bus stop?Yes · 70 mFrecker Drive at Whitbourne Street
- In the 100-year floodplain?No — outside itCity of St. John's flood map
From OpenStreetMap + ODEF schools (straight-line distance) and the City of St. John's flood & zoning maps. Flood and zoning are mapped for St. John's only; elsewhere those questions don't appear because we don't know the answer.
Monthly carrying cost
$1,317/mo
Plan ahead
Calculators
Estimate payments and returns before you make an offer — all in one place.
Plan ahead
Mortgage & investment calculator
Estimated monthly payment
$170/mo
Principal & interest $0 + property tax $170 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-356
NOI / month
$-356
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $170 | $2,038 |
| Expenses | $187 | $2,244 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-356 | $-4,272 |
| NOI | $-356 | $-4,272 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
Get in touch
Have a question?
Send a message and Haris will get back to you — usually the same day.
Talk to Haris
A real person, every time
Buying, selling, or just curious about what your home is worth — no call centres, no runaround.
- Call or text416-873-4676
- Emailharis@barki.co
- Office17 Duffy Place, Suite 200, St. John's
Keller Williams Platinum Realty
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