78 Merrymeeting Road
St. John's, NL, A1C2V8
2 Beds | 2 Baths
$229,900
About the property (MLS: 1277884):
Attention first-time home buyers and investors! An affordable 2-bedroom, 2-bath home with off-street parking. The main floor is thoughtfully designed, featuring a front vestibule with a charming French door, a comfortable living room, the well-appointed kitchen, boasting upgraded stainless steel appliances, including a double oven, a french door fridge, an over-the-range microwave, and a dishwasher providing both functionality and style. There’s a conveniently located half bath on the main floor, and the recently updated laundry room includes a washer and dryer, cabinets for extra storage, and a new hot water tank. Upstairs, you'll find two generously sized bedrooms, and a smaller third room ideal as a nursery, office, or single bedroom, and a full main bathroom. This home has seen several upgrades over recent years, enhancing its appeal and functionality. The rear of the property, offers a spacious yard with a private deck and a large shed, perfect for outdoor activities and storage. Don't miss out on this exceptional opportunity to own a well maintained and updated property in the heart of the city. (id:56688)
Property Details
Listing ID: 27463890
Address: 78 Merrymeeting Road, St. John's, Newfoundland & Labrador, Canada A1C2V8
Status: Active
Last updated: 10 days ago ( Sep 25, 2024 )
Year Built: 1920
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: House
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Beds: 2
Baths: 2
1/2 Baths: 1
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate
Living Area Total: 890 square feet
Price per sq ft: $259
Tax Annual Amount: $1,600
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator, Dishwasher, Stove
Water Source: Municipal water
Foundation Details: Wood
Heating: Baseboard heaters, Electric
Flooring: Laminate
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 13
Rurl
Coordinates: [47.565335, -52.71977]
Rooms
| Second level | Office Bedroom Primary Bedroom | 7 x 7.8 null 11 x 9.8 null 12 x 11.6 null |
| Main level | Laundry room Kitchen Living room Foyer | 10.6 x 8.6 null 12 x 12 null 12.5 x 12 null 5 x 5 null |
Basic Calculator
First Mortgage: $183,920
Mortgage insurance premium: $0
Total Financing: $183,920
Rough closing fee (1.5%): ~ $3,449
Total downpayment with estimated closing fee: $49,429
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $980 | $11,760 |
| Gross rental income (income/principal ratio) | 0.426% | 5.115% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $288 | $3,456 |
| Vacancy | $49 | $588 |
| Management Fee | $79 | $941 |
| Expense / Income Ratio | 29.39% | 29.39% |
| Cash Flow | $565 | $6,780 |
| Net Operating Income (NOI) | $565 | $6,780 |
| Capitalization Rate | 0.25% | 2.95% |
