18 Green Acre Drive
St. John's, NL, A1H0B8
5 Beds | 4 Baths
$439,000
About the property (MLS: 1278082):
You haven’t seen a property like this one. One of the first residential homes on the island to install a net metering system consisting of a 16x350KWH roof mounted Solar Grid Tie system with a 30 year warranty that provides supplementary power for this 2500+sqft fully developed home including EV charging station producing an impossible $125 a month in total utility cost. In the summertime when usage is lower, power is sold back to the grid and the homeowner is credited using the passive system that requires no extra steps to operate. In addition to this, recent upgrades also include R-50 attic insulation, Low-E argon windows, new front door, water heater, Fujitsu High Efficiency mini split heat pump and a smart home setup with remote control capability for most lights and heaters making this one of the most energy efficient homes to ever hit the local market. This energy efficiency, however, has not come at the expense of fit and finish quality. With new ash hardwood throughout the main floor, fresh modern paint and trims, quality hardwood shaker kitchen cabinets, custom built-in shelving and cabinetry throughout, a new Valor Electricity Free fireplace with custom tile surround and many more upgrades this property shows like brand new, is a pleasure to view and will immediately feel like home. An incredible opportunity for a family at any stage of life to reap all the benefits of an outstanding home in a top notch neighbourhood with features years ahead of its time, this property will appeal to virtually everyone. A very functional 2-storey layout featuring three generous sized bedrooms, primary bedroom with ensuite and walk in closet, full basement development offering two additional potential bedroom spaces for guests or older kids and drive-in access to a fully fenced yard including a 14x16 detached wired storage shed with overhead door, this one checks all the boxes. Offers to be conveyed no earlier than October 5th as per sellers instructions. (id:56688)
Property Details
Listing ID: 27487642
Address: 18 Green Acre Drive, St. John's, Newfoundland & Labrador, Canada A1H0B8
Status: Active
Last updated: 2 days ago ( Oct 3, 2024 )
Year Built: 2008
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 5
Baths: 4
1/2 Baths: 1
Heating: Heat Pump, Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Carpeted, Ceramic Tile
Fencing: Fence
Living Area Total: 2,525 square feet
Price per sq ft: $174
Tax Annual Amount: $3,154
Tax Year: 2024
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: Hardwood, Carpeted, Ceramic Tile
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 37
Rurl
Coordinates: [47.494134, -52.806269]
Rooms
| Basement | Laundry room Recreation room Bedroom Bedroom | 5.5x6 null 13.8x14.9 null 12x10.6 null 11.5x11.3 null |
| Second level | Bedroom Bedroom Primary Bedroom | 11.5x11.4 null 11.5x11.2 null 11.3x17.8 null |
| Main level | Office Living room Dining room Kitchen Family room/Fireplace | 11.2x10 null 11.6x13.5 null 19.3x25.8 null 12.2x15.4 null 20.5x12 null |
Basic Calculator
First Mortgage: $351,200
Mortgage insurance premium: $0
Total Financing: $351,200
Rough closing fee (1.5%): ~ $6,585
Total downpayment with estimated closing fee: $94,385
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,778 | $33,336 |
| Gross rental income (income/principal ratio) | 0.633% | 7.594% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $549 | $6,588 |
| Vacancy | $139 | $1,667 |
| Management Fee | $223 | $2,667 |
| Expense / Income Ratio | 19.76% | 19.76% |
| Cash Flow | $1,868 | $22,416 |
| Net Operating Income (NOI) | $1,868 | $22,416 |
| Capitalization Rate | 0.43% | 5.11% |
