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TelephoneEmail72 Terra Nova Road, St. John's, Newfoundland & Labrador, Canada A1B1E9

72 Terra Nova Road

St. John's, NL, A1B1E9

location

6 Beds | 2 Baths

$389,900

72 Terra Nova Road St. John's Newfoundland & Labrador Canada A1B1E9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
72 Terra Nova Road St. John's Newfoundland & Labrador Canada A1B1E9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
72 Terra Nova Road St. John's Newfoundland & Labrador Canada A1B1E9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
72 Terra Nova Road St. John's Newfoundland & Labrador Canada A1B1E9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
72 Terra Nova Road St. John's Newfoundland & Labrador Canada A1B1E9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
72 Terra Nova Road St. John's Newfoundland & Labrador Canada A1B1E9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
72 Terra Nova Road St. John's Newfoundland & Labrador Canada A1B1E9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
72 Terra Nova Road St. John's Newfoundland & Labrador Canada A1B1E9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
72 Terra Nova Road St. John's Newfoundland & Labrador Canada A1B1E9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
72 Terra Nova Road St. John's Newfoundland & Labrador Canada A1B1E9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
72 Terra Nova Road St. John's Newfoundland & Labrador Canada A1B1E9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
72 Terra Nova Road St. John's Newfoundland & Labrador Canada A1B1E9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
72 Terra Nova Road St. John's Newfoundland & Labrador Canada A1B1E9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
72 Terra Nova Road St. John's Newfoundland & Labrador Canada A1B1E9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
72 Terra Nova Road St. John's Newfoundland & Labrador Canada A1B1E9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
72 Terra Nova Road St. John's Newfoundland & Labrador Canada A1B1E9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
72 Terra Nova Road St. John's Newfoundland & Labrador Canada A1B1E9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
72 Terra Nova Road St. John's Newfoundland & Labrador Canada A1B1E9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
72 Terra Nova Road St. John's Newfoundland & Labrador Canada A1B1E9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
72 Terra Nova Road St. John's Newfoundland & Labrador Canada A1B1E9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
72 Terra Nova Road St. John's Newfoundland & Labrador Canada A1B1E9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
72 Terra Nova Road St. John's Newfoundland & Labrador Canada A1B1E9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
72 Terra Nova Road St. John's Newfoundland & Labrador Canada A1B1E9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
72 Terra Nova Road St. John's Newfoundland & Labrador Canada A1B1E9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
72 Terra Nova Road St. John's Newfoundland & Labrador Canada A1B1E9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
72 Terra Nova Road St. John's Newfoundland & Labrador Canada A1B1E9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
72 Terra Nova Road St. John's Newfoundland & Labrador Canada A1B1E9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty

Presented By

Haris Barki
Haris Barki
REALTOR ®
Keller Williams Platinum Realty
About the property (MLS: 1276627):

This well maintained and lucrative, 2 Apartment home, with freshly painted siding, is located near MUN, Health Science Hospital, Avalon Mall, Kelsey Drive, and more. The main unit has a large and bright, open living and dining room with an electric fireplace insert. The kitchen has lots of storage and has had a new counter top and all new appliances installed in the last few years. There are three bedrooms, and a bathroom with shower/tub combo. There is a laundry room for this unit in the basement. The basement apartment has been stripped to the studs and been completely remodelled in the last few years with all new flooring, gyproc, and finishes. There is a large eat in kitchen with all new cupboards, countertop and appliances, 3 large bedrooms, a bathroom with a custom glass shower, and a laundry room. This unit can also function as a 2 bedroom with a den. The large private back yard, has drive in access with a large detached garage, and a recently built deck. The main unit currently rents for $2100 POU and the basement apartment was previously rented for $1600 POU. Tenants in the main unit have been given notice but are willing to stay. (id:56688)

Property Details
MLS: 1276627
Listing ID: 27340319
Address: 72 Terra Nova Road, St. John's, Newfoundland & Labrador, Canada A1B1E9
Status: Active
Last updated: 9 days ago ( Aug 28, 2024 )
Year Built: 1970
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: Two Apartment House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 6
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Laminate, Mixed Flooring
Fencing: Fence
Living Area Total: 2,420 square feet
Price per sq ft: $162
Tax Annual Amount: $2,052
Tax Year: 2024
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Hardwood, Laminate, Mixed Flooring
Exterior Features: Other
Common Interest: Freehold
Number of photos available: 27
Rurl
Coordinates: [47.560181, -52.741162]

Rooms

Main level
Bedroom
Bedroom
Bedroom
Bath (# pieces 1-6)
Not known
Living room
Dining room
8X14 null
10X10 null
11X14 null
3 Piece null
15.6X11.7 null
13X17 null
10.6X13 null

Basic Calculator



First Mortgage: $311,920

Mortgage insurance premium: $0

Total Financing: $311,920

Rough closing fee (1.5%): ~ $5,849

Total downpayment with estimated closing fee: $83,829

0000

Investment Calculator:

MonthlyYearly
Gross Revenue$2,662$31,944
Gross rental income (income/principal ratio)0.683%8.193%
Mortgage$0$0
Monthly Expenses$488$5,856
Vacancy$134$1,598
Management Fee$213$2,556
Expense / Income Ratio18.33%18.33%
Cash Flow$1,828$21,936
Net Operating Income (NOI)$1,828$21,936
Capitalization Rate0.47%5.63%
Capitalization Rate: 5.63%
After-repair value (ARV) (This is a rule for purchasing and flipping distressed real estate for a profit, which states that the purchase price should be less than 70% of after-repair value (ARV) minus repair costs (rehab).): $557,000