47 Margarets Place Unit#205
St.John's, NL, a1c6n3
2 Beds | 2 Baths
$369,900
About the property (MLS: 1271646):
BACK ON THE MARKET DUE TO FINANCING. OFFERS TO BE SENT TO THE LISTING AGENT BY 4 PM THURSDAY MAY 16TH. Ideally positioned between Churchill Square and downtown this charming two bedroom condominium presents an excellent opportunity for a relaxing, stress free lifestyle. Located at 47 Margaret's Place, Mckee's Grove Condominiums is a secure well maintained building with underground parking, elevator ,exercise room and plenty of visitor parking. The tastefully finished open concept ,with an abundance of natural light, features gleaming hardwood floors and crown moldings. There is a balcony off this area to barbecue or just sit and enjoy the day. The kitchen provides ample cabinetry and a convenient breakfast bar. The primary bedroom has an impressive ensuite with a fabulous jetted tub and double vanity. A second bedroom, main bathroom and laundry room complete the unit. The condo has extra storage on the same floor literally feet away. On the periphery of trendy Georgestown and just minutes to shopping, supermarkets, scenic walking trails and health services this is one of the most convenient locations in St. John's. Condo fees include snow clearing, garbage collection, building and common area maintenance, lawn and garden care plus applicable insurance. Excellent utility costs and all major appliances included. (id:56688)
Property Details
Listing ID: 26849761
Address: 47 Margarets Place Unit#205, St.John's, Newfoundland & Labrador, Canada a1c6n3
Status: Active
Last updated: 2 years ago ( May 15, 2024 )
Year Built: 2007
Property Type: Single Family
Ownership Type: Condominium
Beds: 2
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Ceramic Tile
Living Area Total: 1,112 square feet
Price per sq ft: $333
Tax Annual Amount: $2,672
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Garage Spaces: 1
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Whirlpool, Dishwasher, Stove, Dryer, Microwave
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Hardwood, Ceramic Tile
Exterior Features: Brick, Vinyl siding
Common Interest: Condo/Strata
Association Fee: 390
Number of photos available: 15
Rurl
Coordinates: [47.56911, -52.718778]
Rooms
| Main level | Laundry room Ensuite Bath (# pieces 1-6) Bedroom Primary Bedroom Kitchen Dining room Living room | 8'1 x 5'9 feet 9'2 x 11'4 feet 8 x 5'3 feet 10 x 13 feet 11'1 x 16'5 feet 9 x 11'4 feet 19'4 x 5'8 feet 19'4 x 11'10 feet |
Basic Calculator
First Mortgage: $295,920
Mortgage insurance premium: $0
Total Financing: $295,920
Rough closing fee (1.5%): ~ $5,549
Total downpayment with estimated closing fee: $79,529
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,224 | $14,688 |
| Gross rental income (income/principal ratio) | 0.331% | 3.971% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $463 | $5,556 |
| Vacancy | $62 | $735 |
| Management Fee | $98 | $1,176 |
| Expense / Income Ratio | 37.83% | 37.83% |
| Cash Flow | $602 | $7,224 |
| Net Operating Income (NOI) | $602 | $7,224 |
| Capitalization Rate | 0.16% | 1.95% |
