4 Merrymeeting Road
St. John's, NL, A1C6K8
$2,495,000
About the property (MLS: 1263143):
Exquisite Gothic Revival building at Emerald Park, constructed in 1880, showcasing the original characteristics of its build, including striking gable end trefoil windows, concrete facade, and meticulous brick and stone walls and detailing. Positioned on an expansive lot, this property enjoys the unique advantage of a serene setting, enveloped by a lush canopy of mature trees, while offering practicality with ample parking provisions, ensuring convenience for both visitors and occupants. Strategically situated in a high-traffic area, this prime location promises visibility and accessibility. The current zoning designation as 'Institution' on a designated heritage site at Emerald Park presents a multitude of opportunities for prospective owners or investors. Whether envisioned as a condo building, boutique hotel, retirement community, etc., the possibilities are truly limitless. Possibility exists to build secondary structure, drawings available, pending all city and government approvals. Rare and remarkable find, exceptional investment opportunity! *Any HST applicable is the responsiblity of the purchaser (id:56688)
Property Details
Listing ID: 26103466
Address: 4 Merrymeeting Road, St. John's, Newfoundland & Labrador, Canada A1C6K8
Status: Active
Last updated: 2 years ago ( May 15, 2024 )
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Number of stories: 3
Number of Levels: 3
Heating: No heat
Living Area Total: 11,237 square feet
Price per sq ft: $223
Tax Annual Amount: $13,988
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: No heat
Common Interest: Freehold
Business Type: Other, Retail and Wholesale
Number of photos available: 37
Rurl
Coordinates: [47.566959, -52.714238]
Rooms
Basic Calculator
First Mortgage: $1,996,000
Mortgage insurance premium: $0
Total Financing: $1,996,000
Rough closing fee (1.5%): ~ $37,425
Total downpayment with estimated closing fee: $536,425
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $12,361 | $148,332 |
| Gross rental income (income/principal ratio) | 0.495% | 5.945% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $3,119 | $37,428 |
| Vacancy | $619 | $7,417 |
| Management Fee | $989 | $11,867 |
| Expense / Income Ratio | 25.23% | 25.23% |
| Cash Flow | $7,636 | $91,632 |
| Net Operating Income (NOI) | $7,636 | $91,632 |
| Capitalization Rate | 0.31% | 3.67% |
