Real Estate Statistics
| Average Price | $463K |
|---|---|
| Lowest Price | $270K |
| Highest Price | $1.2M |
| Total Listings | 55 |
| Avg. Price/SQFT | $184 |
Property Types (active listings)
New Listings by Price
- All Listings
- $200,000 - $300,000
- $300,000 - $400,000
- $400,000 - $500,000
- $500,000 - $600,000
- $600,000 - $700,000
- $700,000 - $800,000
- $800,000 - $900,000
- Over $1,000,000
Advantages of Buying Two-Apartment Homes
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01Mortgage Helper: Rent one apartment unit to substantially reduce your monthly mortgage payments
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02Multigenerational Living: Provide family members independent yet conveniently close living spaces, ideal for multigenerational households
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03Reduced Expenses: Lower ongoing costs through shared utilities and consolidated property taxes, compared to managing separate properties
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04Investment Stability: St. John's has strong rental demand, resulting in steady cash flow and increasing long-term property resale values
Why Invest in Two-Apartment Homes in St. John's?
Two apartment homes are a hot commodity in the St. John's real estate market. With multi-family properties frequently setting record sale prices, these homes consistently outperform single-family houses.
Key advantages of investing in two-apartment homes include:
- High Rental Demand: Vacancy rates are consistently low (~2%), with attractive average rents of around $1,250/month for two-bedroom units.
- Significant Mortgage Offset: Rental income typically covers 70–80% of the homeowner's monthly mortgage.
- Fewer Restrictions: Unlike condos, two-apartment homes avoid monthly fees, pet restrictions, and rental limitations, ensuring higher returns and easier resale.
- Strong Market Liquidity: Two-apartment listings typically sell faster, increasing liquidity.
These factors make two-apartment homes an attractive choice for both investors and first-time buyers.
St. John's Two-Apartment Homes Frequently Asked Questions
Q: Can I rent out both units in a two-apartment home?
A: Yes, you can rent both units or live in one and rent the other.
Q: What are typical costs for maintaining a two-apartment home?
A: Maintenance costs include property tax, insurance, general upkeep and in some cases utilities.
Q: Are two-apartment homes a good investment?
A: Yes, they offer steady rental income, lower costs per unit compared to a single family unit, and strong resale value.
Q: What zoning or regulations apply two-apartment homes in St. John's?
A: Properties must meet National Building Code requirements and city zoning rules allowing one subsidiary apartment per dwelling.
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