38 Outer Battery Road
St. Johns, NL, A1A1A7
3 Beds | 2 Baths
$719,900
About the property (MLS: 1269941):
Outstanding potential with this very lucrative 2 unit home resting on the edge of the Outer Battery and only 50ft from one of the most renowned trails to Signal Hill. This property is currently a part of a tourist company and has had great success that is undeniable especially for being the "The Most Easterly guest house in North America" which is favoured by multi generational travelers for bragging rights alone. Both units are decorated to capture the location and give guests the full feel of what Newfoundland has to offer. The upper unit has 2 bedrooms and lends itself to the fabulous views of the ocean yet so practical with all the amenities one would need. The lower street level studio apt has its own entrance and is completely separate and again fully equipped. This home was built in 1980 (approx.) and then seen a full renovation in 2010 making it have the best of both worlds while keeping its charm however, being very practical and easy to maintain. Over the years this property has celebrated many accolades including but not limited to being recognized by National Geographic, National Post and Houzz for its unique design. This property is also a proud member of hospitality Newfoundland and Labrador. (id:56688)
Property Details
Listing ID: 26768115
Address: 38 Outer Battery Road, St. Johns, Newfoundland & Labrador, Canada A1A1A7
Status: Active
Last updated: 2 months ago ( Oct 10, 2024 )
Year Built: 1980
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
View: Ocean view
Beds: 3
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,176 square feet
Price per sq ft: $613
Tax Annual Amount: $3,131
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer
Water Source: Municipal water
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring
Exterior Features: Other
Common Interest: Freehold
Number of photos available: 24
Rurl
Coordinates: [47.568118, -52.688153]
Rooms
| Lower level | Laundry room Bath (# pieces 1-6) Not known Not known | 7x5 null 14x14 null 8x9 null |
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Living room Kitchen Porch | 4 piece null 10x10 null 10x10 null 17x12 null 11x7 null 6x6 null |
Basic Calculator
First Mortgage: $575,920
Mortgage insurance premium: $0
Total Financing: $575,920
Rough closing fee (1.5%): ~ $10,799
Total downpayment with estimated closing fee: $154,779
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,294 | $15,528 |
| Gross rental income (income/principal ratio) | 0.180% | 2.157% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $900 | $10,800 |
| Vacancy | $65 | $777 |
| Management Fee | $104 | $1,243 |
| Expense / Income Ratio | 69.55% | 69.55% |
| Cash Flow | $226 | $2,712 |
| Net Operating Income (NOI) | $226 | $2,712 |
| Capitalization Rate | 0.03% | 0.38% |
