608 Topsail Road
St. John's, NL, A1E2C9
3 Beds | 1 Bath
$279,900
About the property (MLS: 1275098):
INCREDIBLE OPPORTUNITY! Located on a massive, tree lined lot, in the heart of the west end, this one owner family home provides a unique opportunity! The oversized lot, with ~75-foot frontage on Topsail Road and backing nearly 200 feet, offers ample room to expand, rebuild, or construct a detached garage with drive-in access. Ideally situated in a high visibility area, this 3-bedroom split-entry bungalow has a deep set back from the road. The main level offers an L-shaped open concept living/kitchen/dining space with access to the rear patio and garden through the kitchen. Three well-proportioned bedrooms and 4-piece family bathroom complete the main level. The partially developed basement has a large rec room, bonus room (ideal for future development), plenty of storage and utility room with laundry and furnace. Shingles replaced 2015, front patio step and rear deck replaced 2023, and large storage shed on the left side of property. Great location for a home based business, as it’s close to the Village Mall, Lawton’s Drugs, and easy access to the Team Gushue Highway! (id:56688)
Property Details
Listing ID: 27187855
Address: 608 Topsail Road, St. John's, Newfoundland & Labrador, Canada A1E2C9
Status: Active
Last updated: 2 months ago ( Jul 18, 2024 )
Year Built: 1965
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 3
Baths: 1
1/2 Baths: 0
Heating: Forced air, Oil
Sewer: Municipal sewage system
Flooring: Hardwood, Ceramic Tile, Mixed Flooring
Living Area Total: 1,797 square feet
Price per sq ft: $156
Tax Annual Amount: $1,974
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Forced air, Oil
Flooring: Hardwood, Ceramic Tile, Mixed Flooring
Exterior Features: Cedar Siding
Common Interest: Freehold
Number of photos available: 21
Rurl
Coordinates: [47.526603, -52.76678]
Rooms
| Basement | Storage Laundry room Not known Recreation room | 11.8x12.6 null 12.5x6.0 null 16.4x12.3 null 14.4x24.8 null |
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom Kitchen Dining room Living room | 4.11x7.7 4PC null 10.1x7.7 null 11.1x7.6 null 13.1x9.1 null 6.4x11.4 null 8.x11.4 null 12.6x13.3 null |
Basic Calculator
First Mortgage: $223,920
Mortgage insurance premium: $0
Total Financing: $223,920
Rough closing fee (1.5%): ~ $4,199
Total downpayment with estimated closing fee: $60,179
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,977 | $23,724 |
| Gross rental income (income/principal ratio) | 0.706% | 8.476% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $350 | $4,200 |
| Vacancy | $99 | $1,187 |
| Management Fee | $159 | $1,898 |
| Expense / Income Ratio | 17.70% | 17.70% |
| Cash Flow | $1,370 | $16,440 |
| Net Operating Income (NOI) | $1,370 | $16,440 |
| Capitalization Rate | 0.49% | 5.87% |
