55 Brazil Street photo 11 / 21

MLS #1298043

55 Brazil Street

St. John's

$249,900

4 Beds
2 Baths
1,300 sqft
Single Family
Source Listing

Property Details

NO SELLERS DIRECTION. This is the ultimate downtown ""re-birth."" 55 Brazil Street is a comprehensive, from the studs out reconstruction that far exceeds a standard renovation. With over $120k invested, this 4-bedroom, 2-bathroom home perfectly blends historic character, featuring rare 9-foot original ceilings and a preserved hardwood staircase with modern structural integrity. The entire rear addition was torn out and rebuilt with new beams and trusses, and the home has been completely outfitted with new studs, drywall, plaster including R20 insulation and vapour barrier. Inside, the kitchen shines with custom soft-close cabinetry and a brand-new appliance package, two full renovated full bathrooms. Natural light floods the space, leading to a private, sun-soaked backyard off the kitchen with potential for a large deck. The interior is finished with premium waterproof and scratch-proof flooring throughout. Practical upgrades include all-new PEX plumbing and new egress windows. The layout is designed for maximum ROI or family flexibility: the main floor features a spacious bedroom with its own private ensuite, while the second level offers three bright bedrooms, including a primary with a direct view of Signal Hill. For added flexibility and storage, the basement features its own separate entrance. This is a Walker’s Paradise: a 5-minute stroll to all things downtown, the pedestrian mall and George Street. Minutes from Sobeys, St. Clare’s, and MUN. This location is a powerhouse for income potential; whether as a long-term rental or a high-demand short-term rental, where summer rates in this prime core location can easily command top dollar. Vendors require a closing date of no earlier than July 31, 2026 (id:66441)

Cost To Own

Down payment and monthly ownership estimate

Start with the listing price, then adjust the financing and monthly carrying costs for a practical estimate.

Purchase Price$249,900
Down Payment - 5%$12,495
Interest Rate5.25%

Amortization

Estimated Monthly Cost

$2,100

Mortgage Payment
$1,423
Property Tax
$177
Insurance
$150
Utilities
$350
Down Payment
$12,495
Loan Amount
$237,405
Total Interest
$189,388

Estimate only. Final payments depend on lender approval, taxes, insurance, closing costs, and mortgage insurance when applicable.

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