4 Beds
3 Baths
1,624 SqFt
4 Beds
3 Baths
1,624 SqFt
Key Details
Property Type Condo
Sub Type 2-Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 1,624 sqft
Price per Sqft $237
Subdivision Downtown
MLS Listing ID 1295921
Style Semi Detached,3 Storey
Bedrooms 4
Full Baths 3
Year Built 1942
Annual Tax Amount $1,806
Lot Dimensions 20 x 24
Property Sub-Type 2-Apartment
Source NLAR
Property Description
20 Bond Street is a registered 3-unit income property with separate meters and electric heat — no oil, no shared utilities, every tenant pays their own way. The main unit offers 2 bedrooms and 1 bath; the middle floor is a self-contained bachelor; the top floor is a 1 bedroom, 1 bath. New roof and windows in 2021.
Currently generating $3,375/month in rental income — an 8.5% cap rate at asking price, with room to grow with cosmetic touches. That rental income counts toward your mortgage qualification, meaning even buyers with modest incomes can get approved for a downtown asset that most listings price them out of entirely.
Live in the main unit and let your two tenants cover your mortgage and expenses. Or run all three — long-term or short-term — and let Bannerman Park do your Airbnb marketing for you. Steps from the skating loop, outdoor pool, splash pad, Folk Festival grounds, the Colonial Building, and the full pulse of downtown St. John's.
3 registered units. Independent meters. Newer roof & windows. 8.5% cap rate. One block from Bannerman Park.
The numbers work. The location is irreplaceable. Don't miss it.
Location
Province NL
Zoning RES
Interior
Heating Baseboard, Electric
Cooling Baseboard, Electric
Exterior
Exterior Feature Vinyl
Parking Features None
Roof Type Torched-on
Building
Foundation Other
Sewer Municipal
Water Municipal
Schools
Elementary Schools Bishop Field Elem
Middle Schools Brother Rice Jr High
Others
Virtual Tour https://stjohnslife.quickconnect.to/d/s/17TVr8UsKhFXfNdPArL4PFSjKs5C6qwL/oP9fsdPoRaQQ09psmTENUCIkPzhDq61e-7rmAJJJWDQ0
Nearby Locations
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