2 Douglas Street
St. John's, NL, A1H0J7
5 Beds | 4 Baths
$529,000
About the property (MLS: 1277536):
Welcome to 2 Douglas Street, located in always desirable Southlands. This inviting two-apartment property offers a great mix of comfortable living and potential rental income, perfect for homeowners and investors alike. The main unit features an open-concept design that connects the the bright living room, dining area, and kitchen. The kitchen offers plenty of counter space, a large island, and modern appliances. The primary bedroom is bright and welcoming, with a walk-in closet, and an ensuite bathroom. In addition there are two more comfortable bedrooms, providing space for the whole family. Downstairs, a large finished recreation room provides extra living space, ideal for a playroom, home office, or entertainment area, and includes a convenient half bath. The basement, with all above-ground windows, is very bright and adds to the home’s appeal. The apartment has its own private entrance, ensuring privacy for tenants. It includes an open-concept kitchen and living area, a covered entrance, a small patio deck, two comfortable bedrooms, and a full bathroom. The kitchen is equipped with all necessary appliances, making it a great rental option.The property’s exterior features add significant value. Situated on a corner lot, it offers full drive-in access to the back detached garage. The garage is fully finished, wired, and insulated and has a heat pump, providing a versatile space for storage, a workshop, or other uses. The home has both front and rear concrete driveways with curbed edges, enhancing its curb appeal. We all know that adequate parking is often an issue with 2-apartment homes. That’s not an issue here, with parking for up to six vehicles. Don’t miss out on this great opportunity to own a beautiful two-apartment home in Southlands. Whether you’re looking for a comfortable family home with rental income potential or a solid investment property, 2 Douglas Street has it all. (id:56688)
Property Details
Listing ID: 27431029
Address: 2 Douglas Street, St. John's, Newfoundland & Labrador, Canada A1H0J7
Status: Active
Last updated: 17 days ago ( Sep 17, 2024 )
Year Built: 2013
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 4
1/2 Baths: 1
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Carpeted, Ceramic Tile
Living Area Total: 2,450 square feet
Price per sq ft: $216
Tax Annual Amount: $3,700
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: Poured Concrete
Heating: Baseboard heaters, Electric
Flooring: Hardwood, Carpeted, Ceramic Tile
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 35
Rurl
Coordinates: [47.487774, -52.818658]
Rooms
| Basement | Not known Not known Not known Not known Not known Family room | 10 x 6 null 12.2 x 10 null 12.2 x 10.2 null 12.6 x 13.10 null 12.6 x 12 null 18.6 x 12 null |
| Main level | Foyer Bedroom Bedroom Primary Bedroom Not known Living room | 7.2 x 6.6 null 10.8 x 9.8 null 12.6 x 9.4 null 14.6 x 11.6 null 18 x 17.6 null 15 x 11.10 null |
Basic Calculator
First Mortgage: $423,200
Mortgage insurance premium: $0
Total Financing: $423,200
Rough closing fee (1.5%): ~ $7,935
Total downpayment with estimated closing fee: $113,735
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,695 | $32,340 |
| Gross rental income (income/principal ratio) | 0.509% | 6.113% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $662 | $7,944 |
| Vacancy | $135 | $1,617 |
| Management Fee | $216 | $2,588 |
| Expense / Income Ratio | 24.56% | 24.56% |
| Cash Flow | $1,683 | $20,196 |
| Net Operating Income (NOI) | $1,683 | $20,196 |
| Capitalization Rate | 0.32% | 3.82% |
