Two-Apartment Homes

Two-apartment homes are among the best real estate investments in St. John's, offering homeowners the flexibility to rent a second unit, significantly offsetting monthly mortgage payments and enhancing long-term property value. These properties generally feature fully independent secondary suites with separate entrances, kitchens, and baths, allowing owners to comfortably live in the primary unit while generating rental income or accommodating multigenerational families. Considering buying a two-apartment property in St. John's? Our licensed REALTORS® track price trends, real estate statistics, and neighbourhood insights to help you buy with confidence. Contact the Hann Group today to start your home search, or click to learn more.



Multi-Family Income Property Multi-Unit

Split-entry two-apartment home in St. John’s with brown siding, red door, and double garage.

Real Estate Statistics

Average Price $420K
Lowest Price $160K
Highest Price $750K
Total Listings 33
Avg. Price/SQFT $175

Property Types (active listings)

New Listings by Price

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New
5 Marsland Place, St. John's

$449,900

5 Marsland Place, St. John's

5 Beds 3 Baths 2,320 SqFt Single Family MLS® # 1294405

Royal LePage Atlantic Homestead

New Open House
71-73 Casey Street, St. John's

$299,900

71-73 Casey Street, St. John's

2 Beds 2 Baths 1,537 SqFt Single Family
Sun, Feb 15th, 2026 @ 2pm - 4pm
MLS® # 1294379

RE/MAX Infinity Realty Inc.

New
23 Pole Crescent, St. John's

$429,900

23 Pole Crescent, St. John's

5 Beds 2 Baths 2,204 SqFt Single Family MLS® # 1294402

RE/MAX Realty Specialists

New
55 Wexford Street, St. John's

$379,000

55 Wexford Street, St. John's

5 Beds 2 Baths 2,240 SqFt Single Family MLS® # 1294374

Royal LePage Property Consultants Limited

New
93 Guzzwell Drive, St. John's

$419,900

93 Guzzwell Drive, St. John's

5 Beds 3 Baths 2,300 SqFt Single Family MLS® # 1294325

RE/MAX Realty Specialists

New
10 Glover Place, St. John's

$399,900

10 Glover Place, St. John's

5 Beds 2 Baths 2,285 SqFt Single Family MLS® # 1294261

Keller Williams Platinum Realty

New
7 Driftwood Street, St. John's

$665,000

7 Driftwood Street, St. John's

5 Beds 4 Baths 2,642 SqFt Single Family MLS® # 1293825

Royal LePage Vision Realty

77 St. Clare Avenue, St. John's

$345,000

77 St. Clare Avenue, St. John's

5 Beds 4 Baths 2,281 SqFt Single Family MLS® # 1294269

RE/MAX Infinity Realty Inc. - Sheraton Hotel

267 Hamilton Avenue, St. John's

$160,000

267 Hamilton Avenue, St. John's

2 Beds 1 Bath 3,600 SqFt Single Family MLS® # 1294251

Century 21 Seller's Choice Inc.

71 Springdale Street, St. John's

$309,900

71 Springdale Street, St. John's

5 Beds 2 Baths 2,200 SqFt Single Family MLS® # 1294130

3% Realty East Coast

111 Ladysmith Drive, St. John's

$425,000

111 Ladysmith Drive, St. John's

5 Beds 2 Baths 1,800 SqFt Single Family MLS® # 1294155

3% Realty East Coast

42 Diana Road, St. John's

$409,000

42 Diana Road, St. John's

5 Beds 3 Baths 2,400 SqFt Single Family MLS® # 1294185

eXp Realty

29 Bellevue Crescent, St. John's

$389,900

29 Bellevue Crescent, St. John's

6 Beds 3 Baths 2,300 SqFt Single Family MLS® # 1294136

BlueKey Realty Inc.

7 Appledore Place, St. John's

$525,000

7 Appledore Place, St. John's

5 Beds 3 Baths 2,658 SqFt Single Family MLS® # 1294103

eXp Realty

8 Caravelle Place, St. John's

$620,000

8 Caravelle Place, St. John's

5 Beds 4 Baths 2,900 SqFt Single Family MLS® # 1293991

RE/MAX Realty Specialists

285 Elizabeth Avenue, St. John's

$539,900

285 Elizabeth Avenue, St. John's

9 Beds 4 Baths 2,628 SqFt Single Family MLS® # 1293801

RE/MAX Infinity Realty Inc. - Sheraton Hotel

11 Neptune Road, St. John's

$349,000

11 Neptune Road, St. John's

6 Beds 2 Baths 2,200 SqFt Single Family MLS® # 1293811

eXp Realty

11 Adventure Avenue, St. John's

$499,900

11 Adventure Avenue, St. John's

5 Beds 4 Baths 2,250 SqFt Single Family MLS® # 1293793

BlueKey Realty Inc.

45 Canada Drive, St. John's

$269,900

45 Canada Drive, St. John's

5 Beds 2 Baths 3,510 SqFt Single Family MLS® # 1293798

Keller Williams Platinum Realty

9 Pynn Place, St. John's

$379,900

9 Pynn Place, St. John's

5 Beds 2 Baths 2,160 SqFt Single Family MLS® # 1293762

RE/MAX Infinity Realty Inc. - Sheraton Hotel

10 Markland Street, St. John's

$269,900

10 Markland Street, St. John's

4 Beds 2 Baths 2,200 SqFt Single Family MLS® # 1293716

EXIT Realty Aspire

73 Tigress Street, St. John's

$580,000

↓ $17,500

73 Tigress Street, St. John's

5 Beds 4 Baths 2,280 SqFt Single Family MLS® # 1293590

Century 21 Seller's Choice Inc.

39-41 Freshwater Road, St. John's

$315,000

39-41 Freshwater Road, St. John's

6 Beds 3 Baths 2,800 SqFt Single Family MLS® # 1293615

Atlantic Team Realty Incorporated

38 St Clare Avenue, St. John's

$349,900

38 St Clare Avenue, St. John's

4 Beds 2 Baths 1,601 SqFt Single Family MLS® # 1293555

3% Realty East Coast

Row of modern split-entry two-apartment homes with light-grey siding, driveways and parked cars, set against a clear blue sky.
Dual Suites, Flexible Living

Advantages of Buying Two-Apartment Homes

  • 01
    Mortgage Helper: Rent one apartment unit to substantially reduce your monthly mortgage payments
  • 02
    Multigenerational Living: Provide family members independent yet conveniently close living spaces, ideal for multigenerational households
  • 03
    Reduced Expenses: Lower ongoing costs through shared utilities and consolidated property taxes, compared to managing separate properties
  • 04
    Investment 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. 

Quiet residential street in St. John's, Newfoundland, showcasing charming homes, tree-lined sidewalks, and rolling hills in the distance under clear skies.

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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