
MLS #1302983 · St. John's
288 Lemarchant Road
- Type
- Two-Apartment Home
- Agent
- Rodger Gollop
- Brokerage
- Hanlon Realty
MLS #1301264Listed August 3, 2026 · 45 days on market
St. John's
$295,000
Prime mixed-use opportunity in a high-demand location near Ropewalk Lane Plaza. This R2-zoned property features a well-maintained upstairs 1-bedroom apartment, offering immediate rental income and strong long-term tenant appeal. The main unit provides comfortable living space ideal for professionals, students, or those seeking convenience close to major amenities. Zoning supports multi-unit residential development, making this an excellent option for investors, owner-occupiers, or those exploring future expansion. The surrounding area offers exceptional accessibility, with shopping, dining, transit, and essential services just steps away. A rare chance to secure a versatile property with proven rental potential in one of St. John’s most convenient and commercially active corridors. (id:66441)
Cost To Own
Homes in a hot market often sell over asking. Model your winning bid, then adjust the financing to see the real cash to close and monthly carrying cost — including default insurance when you put down under 20%.
$295,000
Amortization
Add your monthly carrying costs
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Estimated Monthly Mortgage
$1,406
Cash To Close
$59,000
Estimate only — final costs depend on lender approval, taxes, insurance, and closing costs.
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Elementary Schools
St. Teresa's School/École Ste-Therese
PublicBishop Abraham Elementary
PublicLakecrest-St. John's Independent School
PrivateSecondary Schools
École Rocher-du-Nord
FrancophonePrince of Wales Collegiate
PublicLakecrest-St. John's Independent School
PrivateStraight-line distance from this property. Proximity does not determine enrolment — confirm catchment areas with the Newfoundland and Labrador English School District. School list and grade levels from Statistics Canada's Open Database of Educational Facilities; some locations from OpenStreetMap contributors.
Straight-line distance from this property. Healthcare locations from Statistics Canada's Open Database of Healthcare Facilities; shops, pharmacies and filling stations from OpenStreetMap contributors.