$475,000
131 Canada Drive
Beds
5
Baths
2
Sqft
—
Year
1972
Type
Single Family
Suite
Suite potential
Location 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.
About this home
Welcome to 131 Canada Drive, a fantastic two-apartment home in the heart of Cowan Heights—perfect for homeowners seeking mortgage support or investors looking for a solid income property. This property offers a spacious three-bedroom main unit and a fully self-contained two-bedroom basement apartment, each with separate entrances and laundry, providing excellent flexibility and rental potential. The basement apartment is currently vacant and move-in ready, giving you the opportunity to set your own rental rates or occupy one unit while generating income from the other. The main unit features a bright and inviting living room with propane fireplace, an updated eat-in kitchen with ample cabinetry and modern appliances, and a formal dining area with access to a sunny, south-facing rear deck. Three well-sized bedrooms and a full bathroom with double vanity complete the main floor, while the lower level includes a rec room, utility space, and additional storage. The self-contained apartment includes an updated kitchen, comfortable living area, two bedrooms, a modern bathroom, and its own laundry—ideal for tenants or extended family. Additional highlights include hardwood flooring in the main unit, a mini-split heat pump, hot water baseboard heating throughout both units, a fully fenced backyard, and a double-wide paved driveway. Conveniently located near schools, shopping, recreation, and on a bus route, this property offers both lifestyle and investment appeal. Whether you’re a first-time buyer looking to offset your mortgage or an investor seeking reliable rental income, 131 Canada Drive presents an outstanding opportunity. (id:65958)
- Subtype
- Single Family
- Architectural style
- Bungalow
- Structure
- Two Apartment House
- Common interest
- Freehold
- Living area
- 2,268 square feet
- Lot dimensions
- 57'x108'x57'x108' (0.142 acre)
- On market
- Mar 26, 2026
- Status changed
- Apr 22, 2026
- Annual tax
- $2,170 (2026)
- Zoning
- R1 Residential
- Photos
- 29
- MLS#
- 1295223
- Area
- ST._JOHN'S
Features and systems
Appliances
Heating
Exterior
Flooring
Cash on cash
4.02%
Cap rate
5.67%
GRM
12.0
Break-even rent
$2,965
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 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.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 22, 2026.