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TelephoneEmail112 New Cove Road, St. John's, Newfoundland & Labrador, Canada A1A2C4

112 New Cove Road

St. John's, NL, A1A2C4

location

5 Beds | 4 Baths

$524,900

112 New Cove Road St. John's Newfoundland & Labrador Canada A1A2C4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
112 New Cove Road St. John's Newfoundland & Labrador Canada A1A2C4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
112 New Cove Road St. John's Newfoundland & Labrador Canada A1A2C4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
112 New Cove Road St. John's Newfoundland & Labrador Canada A1A2C4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
112 New Cove Road St. John's Newfoundland & Labrador Canada A1A2C4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
112 New Cove Road St. John's Newfoundland & Labrador Canada A1A2C4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
112 New Cove Road St. John's Newfoundland & Labrador Canada A1A2C4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
112 New Cove Road St. John's Newfoundland & Labrador Canada A1A2C4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
112 New Cove Road St. John's Newfoundland & Labrador Canada A1A2C4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
112 New Cove Road St. John's Newfoundland & Labrador Canada A1A2C4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
112 New Cove Road St. John's Newfoundland & Labrador Canada A1A2C4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
112 New Cove Road St. John's Newfoundland & Labrador Canada A1A2C4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
112 New Cove Road St. John's Newfoundland & Labrador Canada A1A2C4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
112 New Cove Road St. John's Newfoundland & Labrador Canada A1A2C4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
112 New Cove Road St. John's Newfoundland & Labrador Canada A1A2C4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
112 New Cove Road St. John's Newfoundland & Labrador Canada A1A2C4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
112 New Cove Road St. John's Newfoundland & Labrador Canada A1A2C4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
112 New Cove Road St. John's Newfoundland & Labrador Canada A1A2C4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
112 New Cove Road St. John's Newfoundland & Labrador Canada A1A2C4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
112 New Cove Road St. John's Newfoundland & Labrador Canada A1A2C4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
112 New Cove Road St. John's Newfoundland & Labrador Canada A1A2C4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
112 New Cove Road St. John's Newfoundland & Labrador Canada A1A2C4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
112 New Cove Road St. John's Newfoundland & Labrador Canada A1A2C4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
112 New Cove Road St. John's Newfoundland & Labrador Canada A1A2C4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
112 New Cove Road St. John's Newfoundland & Labrador Canada A1A2C4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
112 New Cove Road St. John's Newfoundland & Labrador Canada A1A2C4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
112 New Cove Road St. John's Newfoundland & Labrador Canada A1A2C4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
112 New Cove Road St. John's Newfoundland & Labrador Canada A1A2C4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty

Presented By

Haris Barki
Haris Barki
REALTOR ®
Keller Williams Platinum Realty
About the property (MLS: 1272772):

Luxury meets functionality in this stylish 2-apartment home at 112 New Cove Road. On entry you'll find an enclosed porch with a double closet for plenty of storage. The main floor living area boasts an open concept design with high end finishes such as heated floors in the living room, kitchen with large centre island, propane range, and updated backsplash. The main floor also locates 3 well appointed bedrooms and main bathroom with heated floor. The primary bedroom boasts a lavish ensuite with heated floors and custom glass and tile shower. Downstairs you'll find a spacious rec room, ideal for a secondary family room, as well as half bathroom, and laundry for the main unit. The two bedroom basement apartment is a fantastic income generator and features an open concept design and laundry. Outside features a large rear deck, perfect for those summer bbq's or entertaining, along with a nicely sized, partially fenced backyard. Other upgrades to the property include upgraded electrical and a hot tub hookup. On the doorsteps of Quidi Vidi Lake in one of St. John's most sought after neighbourhoods, this home is within scenic walking distance to countless local amenities and both MUN and HSC are just around the corner. Whether you're a home buyer looking for an elevated home with income earning potential, or an investor looking to snap up a quality property in a great area, you'll want to check this one out. (id:56688)

Property Details
MLS: 1272772
Listing ID: 26953757
Address: 112 New Cove Road, St. John's, Newfoundland & Labrador, Canada A1A2C4
Status: Active
Last updated: 2 years ago ( May 28, 2024 )
Year Built: 2014
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: Two Apartment House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 5
Baths: 4
1/2 Baths: 1
Heating: Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Laminate, Ceramic Tile
Living Area Total: 2,622 square feet
Price per sq ft: $201
Tax Annual Amount: $3,994
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Electric
Flooring: Hardwood, Laminate, Ceramic Tile
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 28
Rurl
Coordinates: [47.582957, -52.709671]

Rooms

Basement
Bath (# pieces 1-6)
Not known
Not known
Not known
Not known
Laundry room
Family room
7.10x7.90 feet
10.90x9.11 feet
10.90x10.00 feet
7.10x19.20 feet
13.60x19.20 feet
10.11x7.60 feet
10.5x19.20 feet
Main level
Storage
Bath (# pieces 1-6)
Bedroom
Bedroom
Ensuite
Primary Bedroom
Kitchen
Living room
10.11x4.90 feet
7.0x7.10 feet
10x10.8 feet
10x10.11 feet
10.11x5.5 feet
10.11x13.7 feet
14x19.20 feet
10.5x19.20 feet

Basic Calculator



First Mortgage: $419,920

Mortgage insurance premium: $0

Total Financing: $419,920

Rough closing fee (1.5%): ~ $7,874

Total downpayment with estimated closing fee: $112,854

0000

Investment Calculator:

MonthlyYearly
Gross Revenue$2,885$34,620
Gross rental income (income/principal ratio)0.550%6.596%
Mortgage$0$0
Monthly Expenses$657$7,884
Vacancy$145$1,731
Management Fee$231$2,770
Expense / Income Ratio22.77%22.77%
Cash Flow$1,853$22,236
Net Operating Income (NOI)$1,853$22,236
Capitalization Rate0.35%4.24%
Capitalization Rate: 4.24%
After-repair value (ARV) (This is a rule for purchasing and flipping distressed real estate for a profit, which states that the purchase price should be less than 70% of after-repair value (ARV) minus repair costs (rehab).): $749,858