About the property (MLS: 1276047):
Welcome to Park Place West, a luxurious condominium building located on the edge of the recently revitalized Victoria Park in Downtown St. John’s. Unit 205 offers a bright, spacious, and modern living experience with a stunning panoramic park view. One of the standout features of this unit is the dedicated underground parking spot, ensuring you’ll never have to scrape your car in the winter again—a true convenience during colder months. The open-concept design boasts 10' ceilings, custom trim walls, and elegant custom wainscoting that adds a touch of classic charm to the sleek decor. The kitchen features custom-built white oak cabinets, solid surface countertops, and premium stainless steel appliances, with a large island that’s perfect for entertaining. The 18,000 BTU Daikin heat pump provides efficient heating in the winter and comfortable air conditioning during the summer. The primary suite, with its serene view of Victoria Park, includes a walk-in closet and a three-piece ensuite with a tiled shower. The spacious guest bedroom, versatile enough to be used as a large home office, also features custom-built details and a bright, inviting atmosphere. Living at Park Place West means enjoying premium amenities such as a fitness centre, meeting room, garbage and recycling chute on each floor, secure storage lockers, and the convenience of a live-in building manager. The building is designed with security in mind, featuring a fully fenced property, security cameras, and electronic locking doors. Additional highlights of this unit include a second full bathroom, in-unit laundry, and ample storage space. (id:56688)
Property Details
Listing ID: 27279287
Address: 181 Hamilton Avenue Unit#205, St. John's, Newfoundland & Labrador, Canada A1E1J4
Status: Active
Last updated: a month ago ( Aug 12, 2024 )
Year Built: 2018
Property Type: Single Family
Ownership Type: Condominium
Beds: 2
Baths: 2
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Laminate, Ceramic Tile, Mixed Flooring
Living Area Total: 1,173 square feet
Price per sq ft: $546
Tax Annual Amount: $3,927
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Central Vacuum, Dishwasher, Alarm System
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Laminate, Ceramic Tile, Mixed Flooring
Exterior Features: Other
Cooling: Air exchanger
Common Interest: Condo/Strata
Association Fee: 473
Number of photos available: 34
Rurl
Coordinates: [47.55249, -52.721572]
Rooms
Main level | Ensuite Bath (# pieces 1-6) Primary Bedroom Bedroom Kitchen Dining room Living room | B3 null B4 null 15 x 12 null 11 x 12 null 10.5 x 8.5 null 12.3 x 9 null 13.5 x 8.5 null |
Basic Calculator
First Mortgage: $511,920
Mortgage insurance premium: $0
Total Financing: $511,920
Rough closing fee (1.5%): ~ $9,599
Total downpayment with estimated closing fee: $137,579
Investment Calculator:
Monthly | Yearly | |
---|---|---|
Gross Revenue | $1,291 | $15,492 |
Gross rental income (income/principal ratio) | 0.202% | 2.421% |
Mortgage | $0 | $0 |
Monthly Expenses | $800 | $9,600 |
Vacancy | $65 | $775 |
Management Fee | $104 | $1,240 |
Expense / Income Ratio | 61.97% | 61.97% |
Cash Flow | $324 | $3,888 |
Net Operating Income (NOI) | $324 | $3,888 |
Capitalization Rate | 0.05% | 0.61% |