109 Cornwall Avenue
St. John's, NL, A1E1Z1
0 Bed |
$849,900
About the property (MLS: 1275094):
Welcome to 109 Cornwall Ave, a completely renovated triplex that presents an exceptional investment opportunity. This property offers two spacious 3-bedroom units and one comfortable 2-bedroom unit, making it ideal for both investors and owner-occupiers. Stripped down to the studs, this home has undergone an extensive 85% renovation. Each unit is equipped with a brand-new mini-split system, providing efficient heating and cooling with a 10-year warranty for your peace of mind. With plenty of parking available, this property ensures convenience for all residents. Live in one unit and significantly offset your mortgage with rental income from the other units, or simply enjoy the steady revenue stream from a low-maintenance investment property. The location is unbeatable – close to shopping, St. Clare's Hospital, schools, bus routes, recreation, playgrounds, and all the amenities downtown has to offer. Additionally, there is easy access to the highway, making commuting a breeze. The property comes with all the appliances and furniture as seen in photos, this is not the property you would wanna miss. (id:56688)
Property Details
Listing ID: 27191687
Address: 109 Cornwall Avenue, St. John's, Newfoundland & Labrador, Canada A1E1Z1
Status: Active
Last updated: 10 days ago ( Aug 27, 2024 )
Year Built: 1950
Property Type: Single Family
Structure Type: Multi-Family
Ownership Type: Freehold
Beds: 0
Heating: Electric
Sewer: Municipal sewage system
Price per sq ft: $∞
Tax Annual Amount: $2,332
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Heating: Electric
Common Interest: Freehold
Number of photos available: 32
Rurl
Coordinates: [47.5397, -52.737662]
Rooms
Basic Calculator
First Mortgage: $679,920
Mortgage insurance premium: $0
Total Financing: $679,920
Rough closing fee (1.5%): ~ $12,749
Total downpayment with estimated closing fee: $182,729
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $0 | $0 |
| Gross rental income (income/principal ratio) | 0.000% | 0.000% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $1,063 | $12,756 |
| Vacancy | $0 | $0 |
| Management Fee | $0 | $0 |
| Expense / Income Ratio | Infinity% | Infinity% |
| Cash Flow | $-1,063 | $-12,756 |
| Net Operating Income (NOI) | $-1,063 | $-12,756 |
| Capitalization Rate | -0.13% | -1.50% |
