About the property (MLS: 1274128):
A Heritage Restoration Award winner, the beautiful Canada House is an iconic building of provincial significance and a jewel in the city of St. John's. Built in 1902, this home was extensively and carefully restored (2020-2024), preserving the original features while upgrading to contemporary building code and new materials. A majestic family home with significant income potential, the building is 9000 square feet situated on a large treed lot in a highly sought after historic neighbourhood. Currently, the home is separated into a large main house along-side four self-contained apartments. The main house occupies approximately 5000 square feet, with three floor plus fully finished basement, five large bedrooms, 2 full, and 2 ½ baths, and a hand crafted central sweeping staircase. The new hardwood and marble floors, bespoke kitchen with gas fireplace, 12 foot ceilings, large gilded mirrors imported from Paris, and chandelier from Beverly Hills, are just a few of the features that make the interior of this home truly spectacular. Stacked under the western gable, each of the four apartments are approximately 1000 square feet. With heavy Edwardian house construction, they are extremely quiet, private, have high ceilings, are spacious and, have large windows. With adequate parking, all apartments have separate entrances and views that look over or at mature trees and giant Newfoundland pine. The apartments are newly renovated and, while the apartment spaces are currently used as Airbnb and rentals, all could be easily reintegrated back into the main home. On the grounds, there is a circular driveway, stone fence, a garden shed, and a one car garage with a snow blower shed attached. With all of the upgrades, including exterior, electrical, and plumbing to 2024 code, this is a rare opportunity to live in a spectacular and unique historic home. (id:56688)
Property Details
Listing ID: 27093605
Address: 74 Circular Road, St. John's, Newfoundland & Labrador, Canada A1C2Z3
Status: Active
Last updated: 23 days ago ( Aug 15, 2024 )
Year Built: 1902
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 10
Baths: 8
1/2 Baths: 2
Heating: Baseboard heaters, Electric, Propane
Sewer: Municipal sewage system
Flooring: Wood, Mixed Flooring
Fencing: Partially fenced
Living Area Total: 9,000 square feet
Price per sq ft: $167
Tax Annual Amount: $9,947
Tax Year: 2024
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Garage Spaces: 1
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Dryer, Microwave
Water Source: Municipal water
Foundation Details: Stone, Concrete
Heating: Baseboard heaters, Electric, Propane
Flooring: Wood, Mixed Flooring
Fireplace Features: Insert, Propane
Exterior Features: Other
Common Interest: Freehold
Number of photos available: 50
Rurl
Coordinates: [47.571923, -52.713207]
Rooms
Third level | Not known Not known Bedroom Bedroom Bedroom | 16'x9'5 null 12'7"" null 15'x10' null 20'x15' null 15'x17'6 null |
Second level | Not known Not known Not known Bath (# pieces 1-6) Bedroom Ensuite Other Primary Bedroom | 13""2x8' null 21'6x16'3 null 8'x11' null 14'x9'9"" null 16'x11' null 7'x11'6 null 13'4x7'5 null 14'7'x20'5"" null |
Main level | Not known Not known Not known Dining room Living room Not known Kitchen | 19'8""x16'6"" null 11'4""'x16'6""' null 8'x17' null 18'x15' null 20'x16' null 10'x7' null 14'4""x13'x4"" null |
Lower level | Not known Living room/Dining room Not known | 12'x12"" null 24'x16' null 12'x10' null |
Basement | Laundry room Recreation room | 10'7""x10'9"" null 28' x 17 null |
Basic Calculator
First Mortgage: $1,200,000
Mortgage insurance premium: $0
Total Financing: $1,200,000
Rough closing fee (1.5%): ~ $22,500
Total downpayment with estimated closing fee: $322,500
Investment Calculator:
Monthly | Yearly | |
---|---|---|
Gross Revenue | $9,900 | $118,800 |
Gross rental income (income/principal ratio) | 0.660% | 7.920% |
Mortgage | $0 | $0 |
Monthly Expenses | $1,875 | $22,500 |
Vacancy | $495 | $5,940 |
Management Fee | $792 | $9,504 |
Expense / Income Ratio | 18.94% | 18.94% |
Cash Flow | $6,738 | $80,856 |
Net Operating Income (NOI) | $6,738 | $80,856 |
Capitalization Rate | 0.45% | 5.39% |