About the property (MLS: 1277313):
WEST END GEM! Completely rebuilt from the studs out , this oversized 2 apartment home sits on the quiet section of Topsail Road ( formerly known as Old Topsail Road ). It sits within walking distance of the Village Mall, Bowring Park, the city’s historic downtown and neighborhood schools. The very large main floor has an open concept living room, dining room and modern new kitchen complete with all new stainless steel appliances. There are two bedrooms on the main. The primary bedroom has a walk in closet and large upscale ensuite. The main also has the main bath and laundry closet. Off the main floor there is a large deck overlooking a fully fenced and treed backyard. There is also a large room in the basement that can be the third bedroom or bright family room. To add to the incredible quality of this home a new mini split has been installed for heating and cooling comfort. The very large 2 bedroom basement apartment has also been completely rebuilt. It boasts a very large living room , two large bedrooms and a large eat in kitchen equipped with modern stainless steel appliances and modern cupboards. There is also a washer and dryer closet with appliances! There are separate newly paved wide driveways for each unit. The property is fully landscaped and fenced and there is a large storage shed in the rear yard. The reconstruction has been done by professional contractors and the wiring, plumbing and framing have all been inspected and approved by the city. No presentation of offers until 1pm on September 15, 2024. (id:56688)
Property Details
Listing ID: 27404160
Address: 219 Topsail Road, St.John's, Newfoundland & Labrador, Canada A1E2B2
Status: Active
Last updated: 23 days ago ( Sep 12, 2024 )
Year Built: 1978
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 3
1/2 Baths: 0
Heating: Heat Pump, Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Ceramic Tile, Mixed Flooring
Living Area Total: 2,240 square feet
Price per sq ft: $197
Tax Annual Amount: $1,942
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Heat Pump, Baseboard heaters, Electric
Flooring: Ceramic Tile, Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 36
Rurl
Coordinates: [47.541381, -52.733682]
Rooms
Basement | Bath (# pieces 1-6) Not known Not known Not known Not known Recreation room | 4pcs 12.7x8.5 null 12.7x11 null 11.7x12.1 null 13.4x12.7 null 17.1x11.5 null |
Main level | Bath (# pieces 1-6) Bedroom Ensuite Primary Bedroom Dining room Kitchen Living room | 4pcs 10x13.2 null 3pcs 14.x11.5 null 11.5x14 null 11.5x14.2 null 17.4x16.4 null |
Basic Calculator
First Mortgage: $351,920
Mortgage insurance premium: $0
Total Financing: $351,920
Rough closing fee (1.5%): ~ $6,599
Total downpayment with estimated closing fee: $94,579
Investment Calculator:
Monthly | Yearly | |
---|---|---|
Gross Revenue | $2,464 | $29,568 |
Gross rental income (income/principal ratio) | 0.560% | 6.722% |
Mortgage | $0 | $0 |
Monthly Expenses | $550 | $6,600 |
Vacancy | $124 | $1,479 |
Management Fee | $198 | $2,366 |
Expense / Income Ratio | 22.32% | 22.32% |
Cash Flow | $1,594 | $19,128 |
Net Operating Income (NOI) | $1,594 | $19,128 |
Capitalization Rate | 0.36% | 4.35% |