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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.
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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STEPHEN 709.682.9045
FRASER 709.682.9245
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.
Looking for neighborhoods or school information for a particular street in St. John's or Mount Pearl? We can help you find the right neighborhood by browsing information on schools and property values and much more.
New home for sale in St. John’s East End 28 Cambridge Ave
3 bedroom bungalow located on a large lot. Spacious and bright above ground one bedroom in-law apartment with separate entrance. New roof shingles 2009. This property has some newer vinyl windows. The carpet in upstairs was installed in 2009. 28 Cambridge Ave is located in East End St. John’s close to all amenities. (2 mins from Stavanger Drive and the Outer Ring) Great price in a great location. Asking price is $229,000.
For more information call Fraser and Stephen Winters.
To view a virtual tour of 28 Cambridge click here.
New Listing in Pleasantville near Quidi Vidi Lake – 3 Arnold’s Loop
Fraser and Stephen Winters just listed an extremely well looked after property located in Pleasantville, in the east end St. John’s. Three bedrooms, 1 and a half bathrooms. Hardwood floors throughout most of the home. Property is heated with an electric hot water radiation system providing very low monthly heating bills. Located within walking distance to Quidi Vidi Lake (walking trails) and downtown St. John’s. The Metro Bus passes right in front of the property. Front and rear garden well maintained. Ideal home as an investment property or for a first time buyer. Asking price is $169,900.
MLS Listing St. John’s East End
Location! Location! Fraser and Stephen Winters just listed 8 Kent Place. This three bedroom bungalow with inhouse garage is located on a great cul-de-sac in the East End St. John’s. Hardwood floors throughout most of home. Cozy living room with fireplace. Eat-in kitchen and separate dining area. There have been a lot of upgrades in recent years including some vinyl windows, shingles (2008), kitchen cabinets, upgraded electrical and upgrades to the bathroom. Property is well maintained and is situated on a deep lot with rear patio deck and mature grounds. Appraisal in place for $235,000. Asking price is $234,900. MLS listing Number 148434
Two Apartment Home For Sale in East End St. John’s
Fraser and Stephen Winters just listed 12 Lancaster Street. Great owner occupied 2 apartment home located in Airport Heights Subdivision in East End St. John’s. Three bedrooms up and two in the basement apartment. Hardwood floors throughout most of main floor. Ceramics in large kitchen. 3 piece ensuite and walkin closet off master. Decent sized family room downstairs for main unit.
Two bedroom basement apartment is in great condition. Very spacious and bright, complete with its own laundry facilities. Currently rented for $700 pou Landscaped and fully fenced. This home is well maintained. A great investment property or live upstairs and help supplement your mortgage. Call Fraser or Stephen Winters for more information. Asking price is $279,900
East End St. John’s Condo for sale
25 Tiffany Lane unit 314 $194,900 - SOLD-
Located near Kents Pond in East End St. John’s, this 2 bedroom condo has it all. Open design concept, hardwood floors throughout most of property. Two spacious bedrooms. Two bathrooms. Separate storage room located inside condo as well as plenty more in basement of building. Lots of upgrades in past few years including new roof and new vinyl windows. Building is well maintained and beautifully landscaped. Secure building with elevator. Near walking trails and all amenities. Asking price is $194,900. Call Fraser or Stephen Winters today for more information. 682-9245 or 682-9045
Click here for a virtual tour of 25 Tiffany Lane Unit 314.
St. John’s Investment properties have increased – when will the rents?
For the last few years 2-apartment homes have been increasing in demand and in price, particularly in the past 6 months. The majority of investment properties in the St. John’s, Mount Pearl, Paradise real estate market have been selling in days, with multiple offers and selling well over the asking price. This time last year your standard 2-apt home was around $180,000 to $199,000. Currently they are $220,000 to $240,000 (East End St. John’s) and can be built new for approx $260,000.
The bases behind people purchasing a 2-apt is obviously as an investment, to have the rental income greater then the expenses and create a positive cash flow. Last years price of $180,000 your monthly mortgage would be approx $1050 (assuming a 5% mortgage rate). In today’s market, your $240,000 investment mortgage payment is approx $1400. (again assumed 5% interest rate). That’s a $350 dip into your cash flow.
When will the rents increase locally? I haven’t seen them increase in quite some time. Average rentals are approximately $900 for a main floor 3 bedroom unit and about $600 for a basement apartment. At those rentals, you are left with a $100 positive cash flow and you haven’t included property taxes and other investment property expenses.
Another factor is the average price in St. John’s and surrounding areas have increased for a single dwelling. June MLS stats show the average price for a single dwelling home in St. John’s is approx $190,000, considerable higher then the average price from 2007. First time buyers are being pushed out of the real estate market and are being forced to rent, creating an even further demand for investment properties. St. John’s vacancy rate was 2.6 per cent in December 2007 compared to 5.1 per cent in 2006. (Forecast for 2008 is slightly lower vacancy rate according to CMHC). This marks the first decline in the vacancy rate since 2003 and largely reflects the impact of a decrease in the home ownership rate among first-time buyers and increased economic activity.
It’s only a matter of time….but the rents have to increase.
Seven Reasons to Relocate to St. John’s
Anyone who has ever been to North America’s Oldest City can attest to the fact that it’s a great city. St. John’s has become a great place to relocate for a variety of recent economic reasons. Here are my reasons why St. John’s Newfoundland is a good choice for relocation.
7. Scenery – View Newfoundland’s spectacular coastlines, panoramic views, icebergs, whales and provincial parks.
6. Affordable Housing – Average real estate price for in St. John’s is lower then most cities in Canada. We are seeing more and more emails from people in Vancouver, Calgary and Toronto looking to relocate back to Newfoundland or looking to invest in Newfoundland.
5. Quality of living – Enjoy a high standard of living, low population, great schools, little traffic, fresh clean air and genuine Newfoundland hospitality.
4. Proximity – Your commute to and from work, schools and amenities is VERY short. You can drive from East End St. John’s to West End in about 15mins. With the Outer Ring Road, commute time from Paradise and CBS has been reduced significantly.
3. Nightlife – There is always something to do in the evenings. Plays, theater, beautiful restaurants and live music at most George Street bars.
2. Outdoor Activities – There are lots of winter sports (skiing, ice fishing, skating, snowboarding, ice hockey, snowmobiling, etc.) and endless summer activities (golfing, baseball, soccer, swimming, jogging, sea kayaking, rowing etc.). Hike or camp the trails in provincial parks or the East Coast Trail. Hunt moose, rabbit, caribou or pick blueberries. There is something here for everyone.
1. The next few years are looking very promising for Newfoundland. There is a lot of hype on our oil and gas industry. Hebron, White Rose, Hibernia, and the Terra Nova Project, all major contributors to the Newfoundland Economy. This combined with the low cost of living makes St. John’s an attractive city to relocate.
Allow Fraser and Stephen Winters to assist you when relocating to St. John’s or surrounding areas. Email us for a relocation package.
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
- CMHC Reports St. John’s Area February Housing Starts
- Investment property near CONA, MUN and Marine Institute – 156 Higgins Line
- New Listing near Memorial University and Avalon Mall – 12 Keane Place
- Newfoundland Real Estate MLS Stats February
- Low inventory levels set stage for heated Spring market says RE/MAX
- Protect, Maintain and Enhance the value of your home with HouseLogic
- Kirkland Balsom St. John’s Real Estate Market Overview 2010
- Changes made to Canadian Mortgages
- Interesting Real Estate links throughout Canada
- New home for sale in St. John’s East End 28 Cambridge Ave
Mortgage Rates
