20 Bond Street

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 downtown asset that most listings price them out of entirely. Live in the main unit and let your two tenants cover your mortgage and expenses. Or run all three — long-term or short-term — and let Bannerman Park do your Airbnb marketing for you. Steps from the skating loop, outdoor pool, splash pad, Folk Festival grounds, the Colonial Building, and the full pulse of downtown St. John`s. 3 registered units. Independent meters. Newer roof & windows. 8.5% cap rate. One block from Bannerman Park. The numbers work. The location is irreplaceable. Don`t miss it. (id:58149)