About the property (MLS: 1268912):
This property offers charm and versatility as well as a great central location close to schools, hospital shopping and recreation. The building currently consists of 2 unit (1 Residential & 1 Commercial) with separate meters . There is Hot water radiation heat and the upper apartment has electric baseboard heaters. This upper apartment is a fabulous 2 storey unit with a large loft or bonus Living area. It features 2 bedrooms & 2 bathrooms, kichen, dining & laundry. The property also has a distant view of the harbour & south side hills from the rear windows & deck. The basement has a walk-out entrance and could possibly form a 3rd unit. Refer to attached floor plans and permitted uses..(Zoning requirements) This property has 2 electric meters, oil furnace & Roth oil tank. (id:56688)
Property Details
Listing ID: 26657460
Address: 135 Lemarchant Road, St. John's, Newfoundland & Labrador, Canada A1C2H3
Status: Active
Last updated: 3 months ago ( Jul 27, 2024 )
Year Built: 1951
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
View: View
Beds: 4
Baths: 3
1/2 Baths: 1
Heating: Hot water radiator heat, Oil, Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Fencing: Partially fenced
Living Area Total: 2,850 square feet
Price per sq ft: $102
Tax Annual Amount: $3,790
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Dryer, Cooktop, Oven - Built-In
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Hot water radiator heat, Oil, Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 36
Rurl
Coordinates: [47.55932, -52.718728]
Rooms
Basement | Other Other Utility room Workshop Utility room Storage | 11'11 x 5'10 null 11'3 x 6'4 null 11'3 x 11'7 null 11'8 x 16'1 null 11;11 x 9'11 null 11'8 x 15'1 null |
Third level | Not known | 18'0 x 32'5 null |
Second level | Bath (# pieces 1-6) Ensuite Not known Not known Not known | 3pc 3pc 9'0 x 9'9 null 12'1 x 11'5 null 14'6 x 23'1 null |
Main level | Bath (# pieces 1-6) Bedroom Bedroom Other Living room Foyer | 2pc 12'2 x 11'9 null 11'7 x 14'1 null 7'8 x 6'7 null 14'8 x 15'9 null 9'1 x 4'11 null |
Basic Calculator
First Mortgage: $231,920
Mortgage insurance premium: $0
Total Financing: $231,920
Rough closing fee (1.5%): ~ $4,349
Total downpayment with estimated closing fee: $62,329
Investment Calculator:
Monthly | Yearly | |
---|---|---|
Gross Revenue | $3,136 | $37,632 |
Gross rental income (income/principal ratio) | 1.082% | 12.981% |
Mortgage | $0 | $0 |
Monthly Expenses | $363 | $4,356 |
Vacancy | $157 | $1,882 |
Management Fee | $251 | $3,011 |
Expense / Income Ratio | 11.58% | 11.58% |
Cash Flow | $2,366 | $28,392 |
Net Operating Income (NOI) | $2,366 | $28,392 |
Capitalization Rate | 0.82% | 9.79% |