
St. John's · MLS® #1304303
93 LeMarchant Road
Listed today
Listed by RE/MAX Infinity Realty Inc. - Sheraton HotelRobert Decker
—
Active Listings
—
Avg. Home Price
—
Avg. Days on Market
—
NL Communities
Loading current MLS® properties…
Income-Generating Investment Property with Three Separate Living Spaces! Offering excellent versatility and income potential, this unique property features a two-apartment home plus an additional registered in-law suite with a separate entrance. With two units leased and a third recently renovated, this is an attractive opportunity for investors or buyers looking to offset their mortgage with rental income. The main unit offers 3 bedrooms, a spacious living room, separate dining room, kitchen, laundry, and 1.5 bathrooms, including a half bath in the primary bedroom. Currently leased for $2,300/month, utilities included. The registered in-law suite features a studio-style kitchen and living area with peninsula, separate bedroom, and 3-piece bathroom. It is currently leased for $1,100/month, utilities included, and shares an electrical service with the main unit. The 2-bedroom apartment has its own dedicated electrical service and has recently been updated with new flooring throughout and fresh paint. It includes a kitchen, living room, bathroom, and laundry hookups. Currently vacant following renovations, it has a projected rental income of $1,500/month POU (plus utilities). When fully rented at the stated rates, the property offers potential gross rental income of $4,900/month ($58,800 annually), before expenses. The oversized lot features mature trees, a fully fenced rear yard, rear yard access, a storage shed, and two driveways with parking for 7+ vehicles. The roof was newly shingled in 2026. With multiple living spaces, established rental income, additional income potential, and recent upgrades, this property is an excellent opportunity for investors! As per the seller’s direction, no offers will be conveyed until Tuesday, November 4th at 4:00 PM. All offers to remain open until 9:00 PM. (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%.
$485,000
Amortization
Add your monthly carrying costs
Enter property-specific figures when known. They start at zero because they are not supplied reliably for every listing.
Estimated Monthly Mortgage
$2,312
Cash To Close
$97,000
Estimate only — final costs depend on lender approval, taxes, insurance, and closing costs.
Contact Felix
Speak with Felix about showing times, offer strategy, financing next steps, or whether this property fits your search.
Market
Seller's market
2.4
months of inventory
Homes for sale divided by homes sold per month. Under 4 months favours sellers; over 6 favours buyers.
From current MLS® listings and MLS® sold records for St. John's. Counts only; sold prices are not published.
MLS® #1304910Listed October 28, 2026
St. John's
$485,000
Request More Information
Ask about this home
Elementary Schools
Vanier Elementary
PublicRennie's River Elementary School
PublicMary Queen of Peace Elementary
PublicSecondary Schools
Gonzaga Regional High
PublicBrother Rice Junior High
PublicHoly Heart of Mary Regional High
PublicStraight-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.
For sale nearby
Homes for sale near 101 New Cove Road with about 6 bedrooms at a similar price.