
MLS #1301777 · St. John's
12 Malta Street
- Type
- Two-Apartment Home
- Agent
- Brooklyn Goodyear
- Brokerage
- 3% Realty East Coast
MLS #1302521Listed September 2, 2026 · 9 days on market
St. John's
$369,500
Prime Investment Opportunity in Central St. John's! 2 unit property located on the corner of 1 Aldershot Street and 140 Merrymeeting Road, this versatile two-apartment property offers exceptional potential for savvy investors or home buyers looking for a mortgage helper. Unit 1 (140 Merrymeeting Road) — Move-In Ready: Extensively renovated and thoughtfully laid out. The main level features a spacious living area, functional kitchen, dedicated laundry/storage space, and a primary bedroom complete with a walk-in closet and half bath. Upstairs offers two additional bedrooms an office and a full bathroom. Upgrades include a new municipal water service, sewer vent, and new shingles (2019). Unit 2 (1 Aldershot Street) — High-Potential Project: Approximately 60–70% renovated, with major structural updates already complete, including new siding, windows, electrical service (2021), and shingles. Most remaining building materials needed to finish the project—including kitchen cabinetry and a bathroom vanity—are included in the purchase price! Bonus Parcel & Development Potential: The property includes an additional parcel of land offering fantastic versatility—ideal for a private garden, a large detached garage, or possible future development (the city previously approved plans for two additional units on this lot in 2005). Note: Any development, lot subdivision, or city approvals are to be verified and completed at the purchaser's expense. (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%.
$369,500
Amortization
Add your monthly carrying costs
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Estimated Monthly Mortgage
$1,762
Cash To Close
$73,900
Estimate only — final costs depend on lender approval, taxes, insurance, and closing costs.
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Elementary Schools
Bishop Abraham Elementary
PublicSt. Bonaventure's College
PrivateLakecrest-St. John's Independent School
PrivateSecondary Schools
Brother Rice Junior High
PublicHoly Heart of Mary Regional High
PublicSt. Bonaventure's College
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.