289 Empire Avenue photo 11 / 22

MLS #1299330

289 Empire Avenue

St. John's

$359,000

5 Beds
2 Baths
2,046 sqft
Two-Apartment Home
Source Listing

Property Details

Welcome to 289 Empire Avenue, a well-maintained two-apartment home offering the perfect combination of comfortable living and reliable rental income in one of St. John's most convenient locations. Situated across from a park and just minutes from the Health Sciences Centre and Memorial University of Newfoundland, this property is ideally positioned for homeowners, investors, or those looking to offset their mortgage with rental income. The bright and spacious main floor features three bedrooms and one full bathroom, with beautiful hardwood floors, large windows that fill the home with natural light, and a functional layout that's ready for its new owners to move right in. Outside, you'll find a generous backyard complete with a large deck—perfect for relaxing, entertaining, or enjoying summer evenings. The self-contained basement apartment offers two bedrooms and one bathroom and is currently rented for $1,000 per month POU. The tenant has been in place for five years, providing stable, dependable rental income. Whether you're looking for a family home with a mortgage helper or a solid investment in a high-demand rental area close to major amenities, 289 Empire Avenue is an opportunity you won't want to miss. Seller's Direction: No conveyance of any offers prior to 5pm June 28, 2026 all offers are to remain open until 9pm on June 28, 2026. (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$359,000
Down Payment - 5%$17,950
Interest Rate5.25%

Amortization

Estimated Monthly Cost

$2,798

Mortgage Payment
$2,044
Property Tax
$254
Insurance
$150
Utilities
$350
Down Payment
$17,950
Loan Amount
$341,050
Total Interest
$272,070

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

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