12 Gilbert Street
St. John's, NL, A1C1X4
2 Beds | 2 Baths
$229,500
About the property (MLS: 1273127):
If you are looking for your first home and love downtown, this is a perfect starter home! Right in the heart of downtown and an easy walk to Water and Duckworth Streets. Two bedrooms, 1.5 bathrooms, open concept living room, home gym, etc. Fenced and private small but cozy back yard. Stackable washer and dryer were new in 2020. Ideal Starter Home and located within walking distance to George Street and Water Street. All the character and charm you expect in a Heritage Style Home! (id:56688)
Property Details
MLS: 1273127
Listing ID: 26990413
Address: 12 Gilbert Street, St. John's, Newfoundland & Labrador, Canada A1C1X4
Status: Active
Last updated: a year ago ( Jun 4, 2024 )
Year Built: 1920
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: House
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Beds: 2
Baths: 2
1/2 Baths: 1
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Other, Mixed Flooring
Fencing: Partially fenced
Living Area Total: 1,000 square feet
Price per sq ft: $230
Tax Annual Amount: $1,988
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Hardwood, Other, Mixed Flooring
Exterior Features: Other
Common Interest: Freehold
Number of photos available: 29
Rurl
Coordinates: [47.558231, -52.716899]
Listing ID: 26990413
Address: 12 Gilbert Street, St. John's, Newfoundland & Labrador, Canada A1C1X4
Status: Active
Last updated: a year ago ( Jun 4, 2024 )
Year Built: 1920
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: House
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Beds: 2
Baths: 2
1/2 Baths: 1
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Other, Mixed Flooring
Fencing: Partially fenced
Living Area Total: 1,000 square feet
Price per sq ft: $230
Tax Annual Amount: $1,988
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Hardwood, Other, Mixed Flooring
Exterior Features: Other
Common Interest: Freehold
Number of photos available: 29
Rurl
Coordinates: [47.558231, -52.716899]
Rooms
| Second level | Bath (# pieces 1-6) Bedroom Primary Bedroom | 8.5 x 15 feet 9.5 x 11 feet 11 x 13.5 feet |
| Main level | Recreation room Kitchen Living room | 8.5 x 15 feet 10 x 11.5 feet 11.5 x 12 feet |
Basic Calculator
First Mortgage: $183,600
Mortgage insurance premium: $0
Total Financing: $183,600
Rough closing fee (1.5%): ~ $3,443
Total downpayment with estimated closing fee: $49,343
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,100 | $13,200 |
| Gross rental income (income/principal ratio) | 0.479% | 5.752% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $287 | $3,444 |
| Vacancy | $55 | $660 |
| Management Fee | $88 | $1,056 |
| Expense / Income Ratio | 26.09% | 26.09% |
| Cash Flow | $670 | $8,040 |
| Net Operating Income (NOI) | $670 | $8,040 |
| Capitalization Rate | 0.29% | 3.50% |
Capitalization Rate: 3.50%
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).): $327,858
