Stephen & Fraser Winters your RE/MAX real estate agents for St. John's. Buying, selling or relocating to St. John's Newfoundland? Put the successful Father and Son Realtor team to work for you. Fraser and Stephen will show you the smart approach to buying and selling St. John's Real Estate.
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St. John's Newfoundland is one of North America’s oldest cities. Spectacular coastlines, panoramic views, outdoor adventure, rich history and culture await all who live here.
Looking to buy a home in St. John’s? Relocating from another city to St. John's? Fraser and Stephen Winters are here to help you! Whether you are buying or selling, take advantage of our free St. John's real estate market reports and access to the St. John's area MLS.
Since Chevron signed the multibillion-dollar memorandum of understanding to develop the Hebron offshore oilfield project back in August 2007, St. John's real estate and surrounding areas have gained favorable optimism and increases in residential homes. Looking to sell you home for TOP DOLLAR? Contact Fraser and Stephen Winters for your free, confidential Home Market Evaluation
This real estate blog is written by Fraser & Stephen Winters. We both are full time successful top producing RE/MAX Realtors in St. John's, Newfoundland. The information contained on this website is from sources believed to be reliable. However, it may be incorrect. This information should not be relied upon without personal verification. We assume no responsibility for its accuracy. This information is not intended to solicit clients already under contract. For more information about us visit our website.
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Vacancy Rate Remains Low in St. John’s Area
From the CMHC press release regarding vacancy rates in St. John’s.
According to Canada Mortgage and Housing Corporation’s (CMHC) Fall Rental Market Survey, the vacancy rate in the St. John’s Census metropolitan area (CMA) was 1.3 per cent, compared to 1.1 per cent in 2010.
“With record employment and income growth attracting people to the region, population growth continued to create rental demand as new immigrants have a high tendency to rent,” said Chris Janes, senior market analyst with CMHC in Newfoundland and Labrador. “An increase in home prices and a solid economy also supported demand for rental units in 2011. These factors, coupled with limited new rental supply, continued to keep the local vacancy rate low,” added Janes.
Provincially, vacancy rates in percentage terms were 1.3 in the Corner Brook area, 1.2 per cent in Gander and 0.9 per cent in the Grand Falls-Windsor area. The combined provincial vacancy rate for all centres surveyed increased from 1.0 per cent to 1.3 per cent.
Overall, the average two bedroom rent was $701 across the five urban centres surveyed, with increases recorded in every centre. The highest average two bedroom rent recorded was $771 in the St. John’s CMA, while Bay Roberts posted the lowest average rent of $561. The remaining average two bedroom rents were $584 in Corner Brook; $567 in Gander and $646 in Grand Falls-Windsor.
29 Gorman Ave – Two Apartment Home in Kilbride
***REDUCED*** 29 Gorman Ave is located in Kilbride. This 2-apt home has lots of potential. Three bedrooms on the main floor and two in the basement apartment. Vinyl windows. Spacious main floor with open concept living room / dinging room. Fully fenced back yard. Patio deck. and 12 x 16 shed. Great investment property. Asking price is $190,000 MLS: 171512 Call Fraser or Stephen Winters for more information.
Investment property in West End St. John’s – 38 Forbes Street
** SALE PENDING ** Great investment property in West End St. John’s. 38 Forbes Street is a two apartment home located close to Village Mall. Three bedrooms up with 2 bedrooms downstairs . Upgrades include new electrical panel, some newer vinyl windows and laminate floors. Very spacious basement apartment. Separate laundry for both units as well as separate driveways. MLS: 166858 Asking price is $239,900 Contact Fraser or Stephen Winters for more information.
Investment Property in East End St. John’s – 25 Toronto Street
** SALE PENDING ** Located in a prime east end location next to McDonald Drive Elementary / Junior High Schools on the doorstep to Collage of the North Atlantic, Health Sciences, Confederation Building, Marine Institute. Both Units presently rented. Vinyl Windows on main floor. Roof Shingles replaced approx 8 Years ago. Three bedrooms up with a family room for main downstairs. One bedroom apartment downstairs. Ample parking. Great investment property. Separate Meters. Contact Fraser or Stephen Winters for more information. MLS: 166724 Asking price is $244,900
Vacancy Rates Up Across Newfoundland
Results of Canada Mortgage and Housing Corporation (CMHC)’s Spring 2011 Rental Market Survey released today indicate that the overall vacancy rate was up in provincial urban centres in April 2011. The overall vacancy rate was 2.1 per cent, an increase of one per cent from last April’s rate of 1.1 per cent.
The St. John’s area rental market posted a vacancy rate of two per cent in April 2011 compared to 1.1 per cent last April. “With an active labour market, population growth will continue to create rental demand and keep vacancy rates low within the region,” said Chris Janes, senior market analyst with CMHC in Newfoundland and Labrador. “High home prices and a strong economy are supporting demand for rental units. These factors, coupled with limited new rental supply being added to the market, continue to keep the vacancy rate low,” added Janes.
The Corner Brook area posted the lowest vacancy rate in the province at 1.7 per cent compared to 0.8 per cent a year ago. Other centres surveyed recorded the following vacancy rates: the Gander area increased to 2.3 per cent from 0.6 per cent last year and the Grand Falls-Windsor area came in at 2.7 per cent, a vacancy rate comparable to last year.
Investment property in St. John’s near CONA – 6 Morrison Place
Fraser and Stephen Winters have just listed a great investment property in the East End of St. John’s. 6 Morrison Place is a 2 Apartment home located on a cul-de-sac in a great area close to CONA and MUN. Hardwood on main with exception of kitchen and bathroom. Mostly all new vinyl windows. Oak cabinet doors and new counter top. Roof re-shingled in recent years. 8 x 16 patio deck. The apartment is spacious and mostly above ground. Has its own large separate driveway. It is a one bedroom apt with easy potential for 2 bedrooms. Mature back garden. Some appliances are included. An absolutely great investment property or a family home with rental income. Asking price is $259,900 MLS: 160047
New 2-apt home for sale in Cowan Heights – 15 Harrington Drive
Fraser and Stephen Winters have just listed a very well cared for 2-apt home in Cowan Heights with a favorable open concept layout. 15 Harrington Drive has hardwood and ceramic floors throughout the main unit. Country style kitchen with oak cabinets, center island and separate dining room. The family room is very bright and spacious. The main unit has a large rec-room complete with hardwood flooring as well as a laundry/storage room and half bathroom. The over sized bedroom in the basement apartment will be easy to rent. Once again you will find the apartment to be open concept and bright like the main floor unit. Basement apartment has its own laundry. The back yard includes a two tier pressure treated patio, is fully fenced and nicely landscaped. There is a detached 12×20 wired garage. Time to get into this booming St. John’s Real Estate market. This home will make a great investment property. Asking price is $287,500. **SALE PENDING**
Recommended Real Estate Links
- Fraser and Stephen Winters
- Remax St.John's
- Terry Kelly
- St. John's MLS Listings
- Carter Home Designs
- St. John's Newspaper
- VOCM Local News
- CBC Newfoundland
- Eastern School District
- St. John's Weather
- St. John's Board of Trade
Real Estate Sites
- Search MLS.ca
- St. John's Listings
- Globe & Mail Real Estate
- Real Estate Blogs Directory
- Canadian real estate
- Home Builders Association
- Atlantic Home Warranty
- Homeplus Online
Recent Entries
- 17 Tobin Crescent: For lease in St. John’s east end
- St. John’s Newfoundland MLS Stats for December 2011
- St. John’s RE/MAX Market share for 2011
- Vacancy Rate Remains Low in St. John’s Area
- St. John’s Newfoundland MLS Stats for November 2011
- St. John’s Newfoundland MLS Stats for October
- 29 Gorman Ave – Two Apartment Home in Kilbride
- 42 Mcfarlane Street – Located in downtown St. John’s
- MLS Trends for Third Quarter Housing Market in Newfoundland
- Contact form 1
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