38 Cochrane Street
St. John's, NL, A1C3L4
2 Beds | 3 Baths
$419,900
About the property (MLS: 1276995):
If you’ve been longing to live in downtown St. John’s, what better location could you ask for than Cochrane Street! Let the photos paint the picture for you! With character and charm mingled with a metro vibe, you have just found your new home! As a professional couple, a single businessperson or anyone who will thoroughly enjoy strolling through such an historical city, savoring all the cuisine that the numerous restaurants and pubs have to offer or keeping your finger on the pulse of the arts scene, then this home will be sure to entice! The previous owner essentially did a full renovation from the ground up, including gutting to the studs, foundation work, siding, windows, plumbing, heating, electrical, etc., etc. The transformation is obvious as you can see from its presentation today! As you enter, soak up the lovely space of the open concept that comprises the kitchen (note the stylish cabinetry sporting stainless steel appliances and countertop), dining area and living space complete with a half bath. And then, let the hardwood staircase take you on an adventure to the upper two levels. The first bedroom, which looks out over the street, and currently set up as a den, awaits with its own walk-in closet and bathroom…hard not to dream about soothing baths in the beautiful stand-alone tub! And, then off to the top level where the primary bedroom beckons you with a full suite that includes your sleeping space at the back, another walk-in closet and a gorgeous spa-like ensuite with a clawfoot tub plus shower situated at the front! And now, for the icing on the cake, each level has a deck providing you with no grass to mow but offering you solitude when you need it or enjoyable times with family and friends in your unique outdoor spaces. Perhaps you may even catch a glimpse of the narrows! How WOW is that? (Please Note: As per Seller's Directive offers received will be conveyed to Vendor at 6:00 PM on Sunday, September 8th). (id:56688)
Property Details
Listing ID: 27371439
Address: 38 Cochrane Street, St. John's, Newfoundland & Labrador, Canada A1C3L4
Status: Active
Last updated: 12 hours ago ( Sep 6, 2024 )
Year Built: 2013
Property Type: Single Family
Architectural Style: 3 Level
Structure Type: House
Ownership Type: Freehold
Number of stories: 3
Number of Levels: 3
Beds: 2
Baths: 3
1/2 Baths: 1
Heating: Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Ceramic Tile
Living Area Total: 1,620 square feet
Price per sq ft: $260
Tax Annual Amount: $2,933
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Dryer, Microwave, Cooktop
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Electric
Flooring: Hardwood, Ceramic Tile
Exterior Features: Other
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 34
Rurl
Coordinates: [47.569745, -52.702939]
Rooms
| Third level | Ensuite Other Primary Bedroom | 4 piece null 7.2 x 6.4 null 11.5 x 15.9 null |
| Second level | Laundry room Bath (# pieces 1-6) Other Bedroom | 4.10 x4.5 null 3 piece null 6.10 x 3.11 null 8.0 x 14.1 null |
| Main level | Bath (# pieces 1-6) Living room Dining room Kitchen Foyer | 2 piece null 15.0 x 14.0 null 11.11 x 7.3 null 12.2 x 15.1 null 4.2 x 4.8 null |
Basic Calculator
First Mortgage: $335,920
Mortgage insurance premium: $0
Total Financing: $335,920
Rough closing fee (1.5%): ~ $6,299
Total downpayment with estimated closing fee: $90,279
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,783 | $21,396 |
| Gross rental income (income/principal ratio) | 0.425% | 5.095% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $525 | $6,300 |
| Vacancy | $90 | $1,070 |
| Management Fee | $143 | $1,712 |
| Expense / Income Ratio | 29.44% | 29.44% |
| Cash Flow | $1,027 | $12,324 |
| Net Operating Income (NOI) | $1,027 | $12,324 |
| Capitalization Rate | 0.24% | 2.93% |
