187 Gower Street
St. John's, NL, A1C1R2
$995,000
About the property (MLS: 1274578):
Welcome to Victoria Hall in St. John's, a distinguished historic building with immense potential. Currently utilized as offices, this architectural gem offers a unique opportunity for transformation into a boutique hotel or exclusive residential units. Nestled in the heart of St. John's, Victoria Hall exudes charm and character, showcasing its rich heritage through intricate detailing and timeless elegance. The building's strategic location ensures convenience and accessibility, surrounded by vibrant city life and cultural attractions. With its solid structure and spacious interiors, Victoria Hall presents a canvas for visionary investors seeking to redefine luxury living or hospitality in this historic setting. Imagine preserving its historic features while seamlessly integrating modern comforts, creating a distinctive lifestyle experience unmatched in St. John's. This is more than a real estate opportunity; it's a chance to contribute to the legacy of St. John's while reaping the rewards of investing in a property of unparalleled historical significance. Victoria Hall awaits its next chapter, poised to become a landmark destination for discerning residents or guests seeking a blend of heritage and contemporary living. Don't miss your chance to be part of this transformative journey. Victoria Hall invites you to explore its potential and envision the possibilities within its storied walls. The Credit Foncier Award, Honorable Mention 1985 and Newfoundland Historic Society SOUTHCOTT AWARD, presented in recognition of a significant contribution made to the retention of the built heritage of Newfoundland. (id:56688)
Property Details
Listing ID: 27139535
Address: 187 Gower Street, St. John's, Newfoundland & Labrador, Canada A1C1R2
Status: Active
Last updated: 9 days ago ( Aug 29, 2024 )
Year Built: 1895
Property Type: Business
Structure Type: Special Purpose
Ownership Type: Freehold
View: Ocean view, View
Number of stories: 5
Number of Levels: 5
Heating: Heat Pump, Baseboard heaters, Electric
Flooring: Hardwood, Laminate, Carpeted, Mixed Flooring
Lot Size Area: 5644
Living Area Total: 10,481 square feet
Price per sq ft: $95
Tax Annual Amount: $39,783
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Heat Pump, Baseboard heaters, Electric
Flooring: Hardwood, Laminate, Carpeted, Mixed Flooring
Common Interest: Freehold
Business Type: Accommodation, Other, Residential, Service
Building Features: Air Conditioning
Number of photos available: 30
Rurl
Coordinates: [47.564922, -52.709205]
Rooms
Basic Calculator
First Mortgage: $796,000
Mortgage insurance premium: $0
Total Financing: $796,000
Rough closing fee (1.5%): ~ $14,925
Total downpayment with estimated closing fee: $213,925
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $11,530 | $138,360 |
| Gross rental income (income/principal ratio) | 1.159% | 13.906% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $1,244 | $14,928 |
| Vacancy | $577 | $6,918 |
| Management Fee | $923 | $11,069 |
| Expense / Income Ratio | 10.79% | 10.79% |
| Cash Flow | $8,788 | $105,456 |
| Net Operating Income (NOI) | $8,788 | $105,456 |
| Capitalization Rate | 0.88% | 10.60% |
