35 Queens Road photo 11 / 47

MLS #1295064

35 Queens Road

St. John's

$649,900

4 Beds
4 Baths
3,372 sqft
Two-Apartment Home
Source Listing

Property Details

Attention Investors - 4-apartment!! Unique Opportunity! Situated in a prime location in the heart of the historic quarter, this gracious character property presents a rare chance to acquire a fully income-generating asset with exceptional features and long-term potential. The building comprises four self-contained one-bedroom flats—one per level—each with its own electrical meter, offering flexibility and ease of management. From the main floor upward, the property enjoys absolutely stunning harbour and city views, creating an attractive living environment for tenants. Each unit features access to a rear deck, with connected platforms providing a practical fire escape. A standout feature of this property is the multi-car driveway with access from Chapel Street—an extremely rare and highly sought-after amenity in the downtown core. The building is currently rented with reliable, long-term tenants who would like to remain, with the exception of the main floor unit, which is presently vacant and offers immediate rental or owner-occupancy potential. Shared laundry facilities are conveniently located on the top floor. The home continues to showcase elements of its original character, including an elegant staircase, select fireplace mantels, softwood flooring, detailed millwork, and decorative plaster rosettes—adding charm and architectural appeal throughout. This is an exceptional opportunity for investors seeking a distinctive property in a premium location with strong rental appeal. Don’t miss your chance to secure this unique offering. ** Basement Rent amount - $1500/month (Heat/Light Included) | First Floor Unit - Vacant | Second Level Unit - $900/month | Third Level Unit - $1300/month (Heat/Light Included) (id:66441)

Cost To Own

Down payment and monthly ownership estimate

Start with the listing price, then adjust the financing and monthly carrying costs for a practical estimate.

Purchase Price$649,900
Down Payment - 7%$45,493
Interest Rate5.25%

Amortization

Estimated Monthly Cost

$4,582

Mortgage Payment
$3,622
Property Tax
$460
Insurance
$150
Utilities
$350
Down Payment
$45,493
Loan Amount
$604,407
Total Interest
$482,162

Estimate only. Final payments depend on lender approval, taxes, insurance, closing costs, and mortgage insurance when applicable.

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