275 Elizabeth Avenue
St.John's, NL, A1B1T5
5 Beds | 3 Baths
$699,900
About the property (MLS: 1274064):
A Rare Find. 1.2 acres of private land in the heart of the city. Bright, solidly built mid century home in a park like setting with the bonus of a Registered 2 bedroom Apartment. Laundry in both units and main house has potential for additional bedrooms in basement if purchaser chooses to install egress windows. This lot offers privacy, room for tennis court and pool, off street parking for 6 cars with 2 car garage, and the Lot can be subdivided. Fabulous opportunity to renovate or build your dream home on one of the last large properties of its kind within the heart of the city. Extensive garden oasis with mature trees and a variety of flowering shrubs, cherry, apple and plum trees and berry bushes. Self contained 2 bedroom apartment with in-unit laundry. Directly across from Memorial University with 140 foot frontage on Elizabeth Avenue. New roof shingles on house in 2016 and garage roof torched on 2020. Both units currently rented, Tenants require 24 hours notice for viewings. (id:56688)
Property Details
Listing ID: 27088894
Address: 275 Elizabeth Avenue, St.John's, Newfoundland & Labrador, Canada A1B1T5
Status: Active
Last updated: 2 months ago ( Oct 1, 2024 )
Year Built: 1966
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 3
1/2 Baths: 1
Heating: Oil, Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 4,200 square feet
Price per sq ft: $167
Tax Annual Amount: $4,750
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Garage Spaces: 2
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Stove, Dryer, Microwave
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Oil, Electric
Flooring: Mixed Flooring
Exterior Features: Brick, Other
Common Interest: Freehold
Number of photos available: 25
Rurl
Coordinates: [47.568998, -52.733432]
Rooms
| Basement | Family room Other Other Laundry room | 22x20 null 12x12 null 12x5 null tbd null |
| Third level | Bath (# pieces 1-6) Bedroom Primary Bedroom | 4 Piece null 14x12 null 16x12 null |
| Main level | Bath (# pieces 1-6) Family room | 2 Piece null 14x12 null |
| Second level | Kitchen Dining room Living room | 14x12 null 14x12 null 24x20 null |
Basic Calculator
First Mortgage: $559,920
Mortgage insurance premium: $0
Total Financing: $559,920
Rough closing fee (1.5%): ~ $10,499
Total downpayment with estimated closing fee: $150,479
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $4,620 | $55,440 |
| Gross rental income (income/principal ratio) | 0.660% | 7.921% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $875 | $10,500 |
| Vacancy | $231 | $2,772 |
| Management Fee | $370 | $4,436 |
| Expense / Income Ratio | 18.94% | 18.94% |
| Cash Flow | $3,145 | $37,740 |
| Net Operating Income (NOI) | $3,145 | $37,740 |
| Capitalization Rate | 0.45% | 5.39% |
