
MLS #1300975 · St. John's
61 Reid Street
- Type
- Two-Apartment Home
- Agent
- Erica Bedard
- Brokerage
- eXp Realty
MLS #1301777
St. John's
$369,900
Property Details
Welcome to 12 Malta Street, a fantastic multi-unit investment opportunity in a convenient, central location close to Memorial University, shopping, public transit, restaurants, and everyday amenities. This semi-detached property offers three self-contained units with a total of 5 bedrooms plus 2 additional office or storage spaces, providing excellent income potential for investors or those looking to occupy one unit while generating rental income from the others. The property consists of a 1-bedroom plus office basement apartment, a 2-bedroom mid-level apartment, and a 2-bedroom plus office upper-level unit, offering a versatile layout with multiple rental opportunities. The basement apartment features a completely new kitchen completed in 2022, while the property also underwent an electrical upgrade in 2022 and features electric heating throughout. Outside, you'll find a large backyard offering plenty of outdoor space, along with one-car off-street parking. With three separate living spaces and a location near Memorial University and a wide range of amenities, 12 Malta Street is well positioned to appeal to a variety of tenants, including students and working professionals. Whether you're looking to add to your investment portfolio or take advantage of multi-unit living, this property offers plenty of potential in a sought-after central location. As per Seller's Directive, no offers will be presented prior to 2:00 PM on August 18, 2026. All offers are to remain open for acceptance until 7:00 PM on August 18, 2026. (id:66441)
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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%.
$369,900
Amortization
Add your monthly carrying costs
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Estimated Monthly Mortgage
$1,763
Cash To Close
$73,980
Estimate only — final costs depend on lender approval, taxes, insurance, and closing costs.
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Location
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