38 Spencer Street
St.John's, NL, A1C4H2
$35,000
About the property (MLS: 1276728):
To quote Mark Twain “Buy land. They aren’t making it anymore.” This a rare opportunity to own a piece of historic, centre city St John’s. An approved, flat, city building lot which could be your blank canvas upon which you can build your dream home, with a view of The Narrows. Amazing investment opportunity which could be perfect for an owner occupied home, a profitable rental or an amazing air B&B. Take advantage of all that the centre city has to offer. Schools, parks, restaurants, grocery stores, bakeries, art galleries and more. No need to even own a car as most everything you need is easy walking distance! (id:56688)
Property Details
Listing ID: 27338894
Address: 38 Spencer Street, St.John's, Newfoundland & Labrador, Canada A1C4H2
Status: Active
Last updated: 3 months ago ( Aug 28, 2024 )
Property Type: Vacant Land
Ownership Type: Freehold
Sewer: Municipal sewage system
Price per sq ft: $∞
Tax Annual Amount: $400
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.565205, -52.71612]
Rooms
Basic Calculator
First Mortgage: $28,000
Mortgage insurance premium: $0
Total Financing: $28,000
Rough closing fee (1.5%): ~ $525
Total downpayment with estimated closing fee: $7,525
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $0 | $0 |
| Gross rental income (income/principal ratio) | 0.000% | 0.000% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $44 | $528 |
| Vacancy | $0 | $0 |
| Management Fee | $0 | $0 |
| Expense / Income Ratio | Infinity% | Infinity% |
| Cash Flow | $-44 | $-528 |
| Net Operating Income (NOI) | $-44 | $-528 |
| Capitalization Rate | -0.13% | -1.51% |
