For sale · MLS® 1261238
500, 508, 514, 520 Fowlers Road
St. John's, NL, A1H1C5
List price
$1,670,000
About this propertyMLS® 1261238
Situated on approx. 9 acres is this fantastic opportunity to own 9 acres of land in a very desirable. Land zoned Rural and could entertain businesses such as farming, agriculture, storage units, accessory buildings, Community Garden, Horticulture, Forestry, Parks, Public Utility, Kennel, Pipe Storage Yard to list a few.. Fronting on Fowler's Rd with over 1000' and just feet away from the C.B.S Bypass off ramp. This opportunity also features a 2 story executive dwelling with grounds that are professionally landscaped, detached 24 x 20 heated garage, an outdoor heated swimming pool and an attached double car garage. The large foyer has 17 ft ceiling with the main featuring an open concept kitchen, with eat in area and family room, ideal for entertaining large gatherings. Formal dining room and living room on the main as well as laundry room/ bathroom. Hardwood spiral staircase leads you to the second level where you will find three large bedrooms with lots of natural light. The primary bedroom has a walk in closet and jack and jill ensuite with jacuzzi tub and a custom tile shower. In the basement you will find a spacious rec room, office, utility room, exercise room and large storage area. 200 amp service and 5 zones heating system. Permitted Uses are Acessory Building,Agriculture Uses, Community Garden, Home Office, Horticulture, Forestry Uses, Park. See attached document for Discretionary Uses (id:56688)
Property details
Coordinates: [47.502122, -52.91604]
Rooms
| Basement | Family room Storage Office Storage Recreation room Utility room | 11.11 x 29.07 null 4.01 x 8 null 17.01 x 8.07 null 20.06 x 11.06 null 12.02 x 25.00 null 15.03 x 6.06 null |
| Second level | Bedroom Bedroom Bath (# pieces 1-6) Primary Bedroom | 8.02 x 12.11 null 11.04 x 18.01 null 10.10 x 1104 null 15.03 x 26.03 null |
| Main level | Not known Porch Laundry room Bath (# pieces 1-6) Dining room Living room Family room Eat in kitchen Kitchen Foyer | 20.10 x 24.03 null 6.08 x 8.08 null 6.04 x 6.08 null 2 pcs 12.08 x 11.11 null 12.06 x 15.03 null 21.03 x 12.01 null 17.08 x 9.02 null 12.10 x 12.10 null 14.07 x 11.07 null |
Basic Calculator
First Mortgage: $1,336,000
Mortgage insurance premium: $0
Total Financing: $1,336,000
Rough closing fee (1.5%): ~ $25,050
Total downpayment with estimated closing fee: $359,050
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $4,678 | $56,136 |
| Gross rental income (income/principal ratio) | 0.280% | 3.361% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $2,088 | $25,056 |
| Vacancy | $234 | $2,807 |
| Management Fee | $375 | $4,491 |
| Expense / Income Ratio | 44.63% | 44.63% |
| Cash Flow | $1,982 | $23,784 |
| Net Operating Income (NOI) | $1,982 | $23,784 |
| Capitalization Rate | 0.12% | 1.42% |
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