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Investment signal

$499,000

7 Appledore Place

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Beds

Baths

Sqft

—

Year

1956

Type

Single Family

Suite

Suite potential

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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

This well-located two-storey, two-apartment home sits just minutes from Memorial University and Churchill Square, offering an excellent opportunity for homeowners and investors alike. The main unit spans two storeys and provides a comfortable living space ideal for an owner-occupant, while the self-contained one-bedroom apartment is fully separate, sharing only one wall—offering strong privacy and minimal noise transfer. With its unbeatable location close to schools, shopping, transit, and everyday amenities, this property is perfectly suited for those looking to offset their mortgage with rental income or add a solid investment to their portfolio. A rare chance to secure a versatile property in one of the city’s most consistently in-demand rental areas. (id:65958)

Subtype: Single Family
Structure: Two Apartment House
Common interest: Freehold
Living area: 2,658 square feet
Lot dimensions: 50x100
On market: Mar 31, 2026
Status changed: Apr 20, 2026
Annual tax: $3,465 (2025)
Zoning: Residential
Photos: 49
MLS#: 1295699
Area: ST._JOHN'S

Features and systems

Appliances

See remarks

Heating

Baseboard heatersElectric

Exterior

Other

Flooring

HardwoodLaminateOther

Foundation

Concrete

Positive cash flow ~$180/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

2.16%

Cap rate

5.30%

GRM

12.6

Break-even rent

$3,111

Financing

Down payment$99,800

Loan amount$399,200

Mortgage$2,023/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$229

Insurance$80

Maintenance$416

CapEx reserve$208

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: 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

Estimated $2,023/mo at 4.5% with 20% down, 30-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 20, 2026.