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Investment signal

$419,900

12 Gairlock Street

Beds

5

Baths

3.1

Sqft

Year

2002

Location

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About this home

Welcome to this well-maintained two-apartment home, ideally situated in the highly sought-after Airport Heights neighbourhood. Perfectly located just minutes from Stavanger Drive, St. John’s International Airport, major highway access, public transit, schools, and scenic walking trails, this property offers both convenience and lifestyle. The bright and spacious main floor unit features a welcoming living room, adjoining dining area, and a functional kitchen layout. There are three generously sized bedrooms, including a primary suite complete with a walk-in closet, along with a full four-piece family bathroom. The lower level of the main unit includes a comfortable rec room, laundry area, and a convenient powder room. The self-contained basement apartment is equally bright and well-appointed, offering a living room, kitchen with dining area, two bedrooms, a full bathroom, and its own separate laundry—making it an excellent option for rental income or extended family living. Additional highlights include parking for three vehicles, crown mouldings, and hardwood flooring in the main unit. Recent upgrades and improvements add further value, including new roof shingles (2024), a fully refreshed basement apartment with new paint and most flooring replaced, two new hot water heaters, and fresh paint in the main unit (2023). This is a fantastic opportunity to own a versatile and well-cared-for home in a prime location. No conveyence of offers until Monday, April 20 @ 2:00pm and left open for acceptance until 5:00pm the same day (id:65958)

Subtype
Single Family
Architectural style
Bungalow
Structure
Two Apartment House
Common interest
Freehold
Living area
2,100 square feet
Lot dimensions
44x97
On market
Apr 13, 2026
Status changed
Apr 19, 2026
Annual tax
$3,006 (2026)
Zoning
Res.
Photos
27
MLS#
1295947
Area
ST._JOHN'S

Features and systems

Heating

Baseboard heatersElectric

Exterior

Vinyl siding

Flooring

Mixed Flooring

Foundation

Concrete
Positive cash flow ~$277/mo at these assumptions

Cash on cash

3.96%

Cap rate

6.68%

GRM

10.6

Break-even rent

$3,009

Financing

Down payment$83,980
Loan amount$335,920
Mortgage$2,061/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$192
Insurance$80
Maintenance$350
CapEx reserve$175
Vacancy loss$165

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for St. John's. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $2,061/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 19, 2026.

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