About the property (MLS: 1278065):
With interest rates coming down, looking for an affordable, cozy place to call home? Whether you're a mature student, starting your first job, downsizing, or exploring property investment, this well-kept condo could be perfect for you. It’s budget-friendly and located in a prime area, close to MUN, the Health Science Center, Avalon Mall, and more. Ideal for one but spacious enough for two, this condo features a well-maintained kitchen, an upgraded bathroom, two bedrooms, and plenty of storage—including an in-suite laundry room. Large windows let in natural light, making the space feel bright and welcoming. With parking, no snow shovelling, shared green space, and access to public transit, this condo offers convenience at a reasonable condo fee. It’s a secure property with locked access, making it an excellent opportunity for homebuyers or investors. (id:56688)
Property Details
Listing ID: 27496868
Address: 124 TERRA NOVA Road Unit#103, ST. JOHN'S, Newfoundland & Labrador, Canada A1B1G2
Status: Active
Last updated: a month ago ( Oct 3, 2024 )
Year Built: 1977
Property Type: Single Family
Ownership Type: Condominium
Beds: 2
Baths: 1
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 710 square feet
Price per sq ft: $240
Tax Annual Amount: $1,016
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator, Intercom, Dishwasher, Stove
Water Source: Municipal water
Foundation Details: Wood, Concrete
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Condo/Strata
Association Fee: 300
Number of photos available: 10
Rurl
Coordinates: [47.558768, -52.745122]
Rooms
Lower level | Laundry room | 4.9 * 11.4 null |
Main level | Bedroom Bedroom Bath (# pieces 1-6) Kitchen Dining room Living room | 11.5 * 7 null 9.2 * 11.4 null 4 pc 8.11 * 8 null 7.8 * 8.4 null 14.7 * 11.7 null |
Basic Calculator
First Mortgage: $135,920
Mortgage insurance premium: $0
Total Financing: $135,920
Rough closing fee (1.5%): ~ $2,549
Total downpayment with estimated closing fee: $36,529
Investment Calculator:
Monthly | Yearly | |
---|---|---|
Gross Revenue | $782 | $9,384 |
Gross rental income (income/principal ratio) | 0.460% | 5.523% |
Mortgage | $0 | $0 |
Monthly Expenses | $213 | $2,556 |
Vacancy | $40 | $470 |
Management Fee | $63 | $751 |
Expense / Income Ratio | 27.24% | 27.24% |
Cash Flow | $468 | $5,616 |
Net Operating Income (NOI) | $468 | $5,616 |
Capitalization Rate | 0.28% | 3.31% |