20 Bond Street

Key facts

• Property type: Single Family
• Structure: Two Apartment House
• Transaction: For Sale
• Price: $349,000
• Bedrooms: 4
• Bathrooms: 3
• Interior size: 1,624 sqft
• Lot size: 20 x 24
• Year built: 1942
• Listing key: 29841270

Listing overview

Corner of Bond & Bannerman. One block from Bannerman Park — downtown St. John's' most beloved greenspace. Next door to Bishop Field, the oldest school in Newfoundland. Walking distance to every experience this city has to offer. This is the kind of address people wait years for, and this property makes it financially attainable. 20 Bond Street is a registered 3-unit income property with separate meters and electric heat — no oil, no shared utilities, every tenant pays their own way. The main unit offers 2 bedrooms and 1 bath; the middle floor is a self-contained bachelor; the top floor is a 1 bedroom, 1 bath. New roof and windows in 2021. Currently generating $3,375/month in rental income — an 8.5% cap rate at asking price, with room to grow with cosmetic touches. That rental income counts toward your mortgage qualification, meaning even buyers with modest incomes can get approved for a...