32 Drake Crescent St. John's, NL A1A3L3

Welcome to 32 Drake Crescent. This updated two-apartment home in the heart of Virginia Park offers an exceptional opportunity for first time buyers, families or investors looking to generate rental income with the benefit of the registered apartment. At 1,350 sq ft per floor, the property delivers ample space that is noticeable upon entering. The main unit of the home features 3 generously sized bedrooms with large windows throughout. The home has a refinished kitchen with white cabinetry and subway tile backsplash, a bright open living area featuring pot lights and a picture window, a connected bonus room perfect for an office or playroom. The bathroom, and door to the back yard are also on this level with a stairway to the utility space in the basement ready for future development.
The apartment unit mirrors that livability with 3 spacious bedrooms, its own kitchen, laundry, and living space.
Both units have been thoughtfully updated over the last several years with new vinyl plank flooring, fresh paint, and other various touches. New shingles in 2024, and the home features vinyl siding and windows, pex water lines, as well as 200amp and 125amp electrical service. The property features separate driveways for each unit.
Previously generating $3,000/month in combined rent ($1,600 upper, $1,400 lower), the income potential speaks for itself. Virginia Park is a well-established east-end neighborhood within walking distance of Eastpoint Elementary, parks, walking trails, and everyday amenities. There will be no conveyance of written offers until 12PM on the 24th of June, and all offers to remain open until 5PM on the 24th of June.