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TelephoneEmail74 Circular Road, St. John's, Newfoundland & Labrador, Canada A1C2Z3

74 Circular Road

St. John's, NL, A1C2Z3

location

0 Bed |

$1,500,000

74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
74 Circular Road St. John's Newfoundland & Labrador Canada A1C2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty

Presented By

Haris Barki
Haris Barki
REALTOR ®
Keller Williams Platinum Realty
About the property (MLS: 1273859):

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
MLS: 1273859
Listing ID: 27112627
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: Multi-Family
Ownership Type: Freehold
Beds: 0
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? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Dryer, Microwave
Water Source: Municipal water
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: [47.572, -52.713164]

Rooms

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

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Investment Calculator:

MonthlyYearly
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 Ratio18.94%18.94%
Cash Flow$6,738$80,856
Net Operating Income (NOI)$6,738$80,856
Capitalization Rate0.45%5.39%
Capitalization Rate: 5.39%
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).): $2,142,858