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 $474K
Lowest Price $190K
Highest Price $1.2M
Total Listings 62
Avg. Price/SQFT $206

Property Types (active listings)

New Listings by Price

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New
151 Higgins Line, St. John's

$369,500

151 Higgins Line, St. John's

6 Beds 2 Baths 2,150 SqFt Single Family MLS® # 1300163

Royal LePage Property Consultants Limited

New
42 Thorburn Road, St. John's

$439,900

42 Thorburn Road, St. John's

4 Beds 2 Baths 2,400 SqFt Single Family MLS® # 1300219

3% Realty East Coast

New
10 Jacaranda Place, St. John's

$499,900

10 Jacaranda Place, St. John's

5 Beds 3 Baths 2,691 SqFt Single Family MLS® # 1300133

RE/MAX Realty Specialists

New
458 Newfoundland Drive, St. John's

$399,900

458 Newfoundland Drive, St. John's

5 Beds 3 Baths 1,811 SqFt Single Family MLS® # 1300056

RE/MAX Infinity Realty Inc. - Sheraton Hotel

New
15 Baltimore Street, St. John's

$459,900

15 Baltimore Street, St. John's

4 Beds 3 Baths 2,833 SqFt Single Family MLS® # 1300128

3% Realty East Coast

New
15 Bavidge Street, St. John's

$549,900

15 Bavidge Street, St. John's

3 Beds 5 Baths 1,824 SqFt Single Family MLS® # 1299988

RE/MAX Infinity Realty Inc. - Sheraton Hotel

New
90 Moss Heather Drive, St. John's

$399,900

90 Moss Heather Drive, St. John's

5 Beds 4 Baths 1,950 SqFt Single Family MLS® # 1300116

RE/MAX Infinity Realty Inc. - Sheraton Hotel

New
83 Goodridge Street, St. John's

$189,900

83 Goodridge Street, St. John's

5 Beds 2 Baths 1,839 SqFt Single Family MLS® # 1299653

Atlantic Team Realty Incorporated

New
15 Torngat Crescent, St. John's

$479,000

15 Torngat Crescent, St. John's

4 Beds 3 Baths 1,700 SqFt Single Family MLS® # 1299723

Century 21 Seller's Choice Inc.

New
146 Freshwater Road, St. John's

$399,900

146 Freshwater Road, St. John's

7 Beds 3 Baths 3,078 SqFt Single Family MLS® # 1299669

4 Percent Real Estate Professionals Inc.

New
39 Wicklow Street, St. John's

$399,900

39 Wicklow Street, St. John's

5 Beds 2 Baths 2,353 SqFt Single Family MLS® # 1299976

RE/MAX Realty Specialists

New
50 Orlando Place, St. John's

$569,900

50 Orlando Place, St. John's

5 Beds 8 Baths 2,300 SqFt Single Family MLS® # 1299981

RE/MAX Realty Specialists

17 Tigress Street, St. John's

$499,000

17 Tigress Street, St. John's

4 Beds 3 Baths 2,100 SqFt Single Family MLS® # 1295615

Keller Williams Platinum Realty

21 Suvla Street, St. John's

$349,000

21 Suvla Street, St. John's

7 Beds 2 Baths 3,100 SqFt Single Family MLS® # 1299816

RE/MAX Infinity Realty Inc.

54 Circular Road, St. John's

$1,249,000

54 Circular Road, St. John's

6 Beds 6 Baths 4,826 SqFt Single Family MLS® # 1299837

Century 21 Seller's Choice Inc.

2 Jaycee Place, St. John's

$369,900

2 Jaycee Place, St. John's

4 Beds 2 Baths 1,792 SqFt Single Family MLS® # 1299644

Royal LePage Property Consultants Limited

40 Sugar Pine Crescent, St. John's

$799,900

40 Sugar Pine Crescent, St. John's

6 Beds 4 Baths 3,532 SqFt Single Family MLS® # 1299744

Hanlon Realty

243 New Pennywell Street, St. John's

$649,900

243 New Pennywell Street, St. John's

5 Beds 3 Baths 1,175 SqFt Single Family MLS® # 1299685

BlueKey Realty Inc.

178 Diamond Marsh Drive, St. John's

$549,900

178 Diamond Marsh Drive, St. John's

5 Beds 4 Baths 2,362 SqFt Single Family MLS® # 1299549

Royal LePage Vision Realty

41 Monroe Street, St. John's

$289,900

41 Monroe Street, St. John's

4 Beds 2 Baths 1,680 SqFt Single Family MLS® # 1299761

Royal LePage Atlantic Homestead

8 Weymouth Street, St. John's

$299,900

8 Weymouth Street, St. John's

5 Beds 2 Baths 2,476 SqFt Single Family MLS® # 1299672

Royal LePage Atlantic Homestead

41 Shriners Road, St. John's

$605,900

41 Shriners Road, St. John's

5 Beds 4 Baths 2,208 SqFt Single Family MLS® # 1299722

Keller Williams Platinum Realty

3 Shriners Road, St. John's

$629,900

↑ $10,000

3 Shriners Road, St. John's

5 Beds 4 Baths 2,208 SqFt Single Family MLS® # 1299703

Keller Williams Platinum Realty

19 Forbes Street, St. John's

$325,000

19 Forbes Street, St. John's

5 Beds 2 Baths 2,100 SqFt Single Family MLS® # 1299719

eXp Realty

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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