St. John's Real Estate Blog » St. John’s Investments

New listings near downtown St. John’s 37 Golf Ave

Stephen Winters — Fri, 30 Jul 2010 16:29:59 +0000

Great Location near downtown St. John’s. 37 Golf Ave – $159,900 Spacious 5 bedroom home with two bathrooms located within walking distance to Mun and close to St. Clare’s Hospital. Large deep lot. Main floor laundry. Hot Water Radiation heat. Mostly new vinyl windows. 125 Amp Breaker Panel. Off street parking. Great Investment property. MLS:157071 Call Fraser or Stephen Winters for more information.

Investment property in St. John’s near Memorial University of Newfoundland – 39 Weymouth

Stephen Winters — Thu, 15 Jul 2010 15:54:19 +0000

Great investment property on the doorstep of Memorial University of Newfoundland (MUN). 39 Weymouth is a 2400 sqft fully developed 3 bedroom bungalow with a 2 bedroom inlaw suite in the basement. Within the past few years there have been numerous upgrades including new vinyl siding, vinyl windows and shingles. Hardwood floors throughout most of the main floor. Open concept family room / dining room separated by a wood burning fireplace. There is a large deck and mature trees providing lots of privacy in the backyard. Close to Health Sciences, MUN and the Avalon Mall. Asking price is $314,900 REDUCED: $304,900 MLS: 156488

New home for sale in Cowan Heights – 15 Harrington Drive

Stephen Winters — Fri, 18 Jun 2010 00:21:01 +0000

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 oversized 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 $299,900. MLS 155475

St. John’s Property Assessment and Property Tax Information

Stephen Winters — Tue, 06 Apr 2010 14:38:27 +0000

The St. John’s Property assessment is the estimated value of a property (land and building) utilized for municipal taxation purposes. The “Assessment Act 2006” is the Legislative authority governing assessment and taxation in the City. The assessment value can at times be similar to fair market value, however with the fast changing St. John’s Real Estate market the two values can be greatly different in figures.

From the City of St. John’s website “the City’s assessments are calculated on the basis of a property’s market value as of a specific point in time, referred to as the “base date”. The presently applicable “base date” on which your assessment is calculated is January 1st, 2008. In other words, the market value of your property on that date is presently utilized to calculate your municipal taxes for 2010.”

To find out the assessment value of a home in St. John’s visit the Property Assessment Search

Annual residential property taxes for St. John’s are calculated at a rate of 10.1 mils, or 1.01 % of a property’s total assessment (for the year 2010). A property with a total assessed value of $100,000. would be charged an annual property tax of $1010.00, calculated as follows:

Assessed Value of St. John’s Home = $100,000.
Multiplied by the Mil Rate = .0101 (10.1 Mils)
Annual Property Tax for 2010 = $1010.00

Don’t forget to include your water taxes. Water taxes for St. John’s are a flat rate of $520. (multiplied by 2 if you have a 2-apt home)

So a $100,000 property would have a total property tax of $1530 for the year or $127.50 per month.

New home for sale in Grovesdale Park – 4 Marshall Place

Stephen Winters — Mon, 22 Mar 2010 21:03:12 +0000

Fraser and Stephen Winters have just listed 4 Marshall Place. A hot new listing in Grovesdale Park! This beautiful 3 bedroom, two storey duplex features an eat in kitchen with oak cabinets and patio door leading to a 10×12 deck. Master bedroom includes ensuite and walk in closet. Enjoy the convenience of having a 1/2 bathroom and laundry room on the main floor. Property is situated in a cul-de-sac on a LARGE lot near MUN, Avalon Mall and Health Science Center. Great opportunity for an investor or first time home buyer. Asking price: $236,900. MLS:152286 ** SALE PENDING **

Investment property near CONA, MUN and Marine Institute – 156 Higgins Line

Stephen Winters — Sun, 07 Mar 2010 18:23:03 +0000

Fraser and Stephen Winters have just listed 156 Higgins Line. An absolutely fantastic 2-apartment home located on the doorstep to Marine Institute, CONA and MUN. Lots of upgrades in recent years including roof, siding,vinyl windows and laminate flooring. 3 bedrooms in the main unit and 2 bedrooms in the basement apartment. Large open concept dining room adjacent to the living room. Master bedroom has a 2 piece ensuite. Large recroom in basement for the main unit living area. Conveniently locate on bus route. Home is situated on a large deep lot (land goes back further then back fence) a rare find in this area. Great investment property! MLS Number: 151858 Asking price is $269,900. **SALE PENDING**

Little Change in Investment Properties Vacancy rates in St. John’s Metro

Stephen Winters — Mon, 21 Dec 2009 12:18:53 +0000

According to the results of the fall 2009 rental market survey released today by Canada Mortgage and Housing Corporation (CMHC), the vacancy rate in the St. John’s census metropolitan area (CMA) was 0.9 per cent in October compared to a similar 0.8 per cent vacancy rate in 2008. The average two bedroom monthly rent increased to $677. “Solid economic activity and positive employment growth within the St. John’s area sustained rental market demand, resulting in low vacancies and higher rents throughout 2009,” said Chris Janes, senior market analyst with CMHC in Newfoundland and Labrador. “The local oil industry and a lengthy list of major capital projects continued to stimulate local economic growth and in-migration to the region this year,” added Janes. Provincially, vacancy rates in percentage terms were 0.4 in the Corner Brook census agglomerate (CA), 1.6 in Gander and 1.7 in Grand Falls-Windsor CA. The combined provincial vacancy rate for all centres surveyed was 1.0 per cent.

Home for sale in Cowan Heights – 47 Greenspond Drive

Stephen Winters — Wed, 30 Sep 2009 10:23:16 +0000

Located in the West End of St. John’s in Cowan Heights, this 12 year old two apartment home is in great condition. Vinyl siding, vinyl windows and more more. Eat in kitchen with oak cabinets and door leading to rear patio deck. Main floor unit has three bedrooms and a rec room plus additional 4th bedroom in basement. One bedroom basement apartment has its own laundry room and is currently rented. Property is fully fenced with rear patio and shed. Call Fraser or Stephen Winters for more details or for a viewing. Asking price $249,900 MLS Listing: 148302

West End St. John’s Investment Property For Sale

Stephen Winters — Tue, 29 Sep 2009 10:38:07 +0000

Fraser and Stephen Winters have just listed this two apartment home on 60 Bonavista Street. An excellent investment opportunity in west end St. John’s! There have been lots of upgrades in recent years. The main floor has spacious bedrooms and its own large recroom in basement. One bedroom basement apartment has its own laundry room and separate driveway complete with ground level entrance. The property is fully fenced with a rear patio, mature trees and shed. New MLS Listing 148295. Asking price is $239,900

New listing near Memorial University – 113 Prowse Ave

Stephen Winters — Fri, 11 Sep 2009 11:14:37 +0000

Fraser and Stephen Winters just listed 113 Prowse Ave. This is a nice little three bedroom, two story home within walking distance to the taxation center and Memorial University (MUN) and in close proximity to the Avalon Mall. Most of the main floor is hardwood floors. Family room with propane fireplace and french doors leading to formal dining room. Property is fully fenced and has lots of privacy in the mature back yard. Could make for a great investment property in St. John’s or as a starter home for the first time buyer. Asking price is $174,900

Investment property for sale in Airport Heights St. John’s

Stephen Winters — Sat, 08 Aug 2009 22:14:37 +0000

Just listed on 16 Branscombe Street a registered Two Apartment backing on Pippy Park Golf Course in the popular Airport Heights Subdivision. Large country kitchen with cherry stained oak cabinets. Master has 1/2 bath and walk- in closet. Rec room in basement for main floor. Large 2 bedroom apartment with own laundry. Property is fenced with a 10 x 12 patio deck and a 10 x 12 shed. Asking price is $259,900