131 Canada Drive photo 11 / 29

MLS #1298083

131 Canada Drive

St. John's

$460,000

5 Beds
2 Baths
2,268 sqft
Two-Apartment Home
Source Listing

Property Details

Welcome to 131 Canada Drive, a fantastic two-apartment home in the heart of Cowan Heights—perfect for homeowners seeking mortgage support or investors looking for a solid income property. This property offers a spacious three-bedroom main unit and a fully self-contained two-bedroom basement apartment, each with separate entrances and laundry, providing excellent flexibility and rental potential. The basement apartment is currently vacant and move-in ready, giving you the opportunity to set your own rental rates or occupy one unit while generating income from the other. The main unit features a bright and inviting living room with propane fireplace, an updated eat-in kitchen with ample cabinetry and modern appliances, and a formal dining area with access to a sunny, south-facing rear deck. Three well-sized bedrooms and a full bathroom with double vanity complete the main floor, while the lower level includes a rec room, utility space, and additional storage. The self-contained apartment includes an updated kitchen, comfortable living area, two bedrooms, a modern bathroom, and its own laundry—ideal for tenants or extended family. Additional highlights include hardwood flooring in the main unit, a mini-split heat pump, hot water baseboard heating throughout both units, a fully fenced backyard, and a double-wide paved driveway. Conveniently located near schools, shopping, recreation, and on a bus route, this property offers both lifestyle and investment appeal. Whether you’re a first-time buyer looking to offset your mortgage or an investor seeking reliable rental income, 131 Canada Drive presents an outstanding opportunity. (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$460,000
Down Payment - 5%$23,000
Interest Rate5.25%

Amortization

Estimated Monthly Cost

$3,445

Mortgage Payment
$2,619
Property Tax
$326
Insurance
$150
Utilities
$350
Down Payment
$23,000
Loan Amount
$437,000
Total Interest
$348,614

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

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