146 Casey Street
St. John's, NL, A1C4Y1
0 Bed | 1 Bath
$424,900
About the property (MLS: 1276454):
UNIQUE OPPORTUNITY! Well-constructed building located in the heart of downtown St. John’s situated on an ~1/4 acre lot! Originally constructed as an Anglican church, presenting redevelopment opportunities to the current structure. At nearly 7000 square feet (~3500 square feet per level) featuring large, open spaces it lends itself to conversions for an array of uses such as loft style apartments, residential/commercial style condominiums, performance venues, offices, daycare, art gallery/studio, house of worship, and workshop, just to name a few (Pending city approvals – Any permits are the responsibility of the Purchaser). The upper level (former hall space) has 34-foot ceilings allowing for incredible acoustics with arched windows creating an abundance of natural light and features stunning harbour views from east side. Exterior wrapped in low-maintenance vinyl siding, with arched vinyl windows, retaining the original characteristics of its build. Site provides multi-car parking. Let your imagination run wild to repurpose this one of a kind building. Survey available upon request. (id:56688)
Property Details
Listing ID: 27315749
Address: 146 Casey Street, St. John's, Newfoundland & Labrador, Canada A1C4Y1
Status: Active
Last updated: 16 days ago ( Aug 21, 2024 )
Year Built: 1900
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: House
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Beds: 0
Baths: 1
1/2 Baths: 1
Heating: Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Mixed Flooring
Living Area Total: 7,098 square feet
Price per sq ft: $60
Tax Annual Amount: $3,102
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Hardwood, Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 22
Rurl
Coordinates: [47.558544, -52.718556]
Rooms
| Main level | Other Bath (# pieces 1-6) Other Other | 29.5x28.10 null 6.4x4.3 2pc 9.0x4.0 null 78.11x32.11 null |
| Second level | Other Other Porch | 28.7x28.6 null 78.11x33.9 null 11.6x10.2 null |
Basic Calculator
First Mortgage: $339,920
Mortgage insurance premium: $0
Total Financing: $339,920
Rough closing fee (1.5%): ~ $6,374
Total downpayment with estimated closing fee: $91,354
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $7,808 | $93,696 |
| Gross rental income (income/principal ratio) | 1.838% | 22.051% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $532 | $6,384 |
| Vacancy | $391 | $4,685 |
| Management Fee | $625 | $7,496 |
| Expense / Income Ratio | 6.81% | 6.81% |
| Cash Flow | $6,261 | $75,132 |
| Net Operating Income (NOI) | $6,261 | $75,132 |
| Capitalization Rate | 1.47% | 17.68% |
