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TelephoneEmail124 TERRA NOVA Road Unit#103, ST. JOHN'S, Newfoundland & Labrador, Canada A1B1G2

124 TERRA NOVA Road Unit#103

ST. JOHN'S, NL, A1B1G2

location

2 Beds | 1 Bath

$169,900

124 TERRA NOVA Road Unit#103 ST. JOHN'S Newfoundland & Labrador Canada A1B1G2, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
124 TERRA NOVA Road Unit#103 ST. JOHN'S Newfoundland & Labrador Canada A1B1G2, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
124 TERRA NOVA Road Unit#103 ST. JOHN'S Newfoundland & Labrador Canada A1B1G2, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
124 TERRA NOVA Road Unit#103 ST. JOHN'S Newfoundland & Labrador Canada A1B1G2, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
124 TERRA NOVA Road Unit#103 ST. JOHN'S Newfoundland & Labrador Canada A1B1G2, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
124 TERRA NOVA Road Unit#103 ST. JOHN'S Newfoundland & Labrador Canada A1B1G2, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
124 TERRA NOVA Road Unit#103 ST. JOHN'S Newfoundland & Labrador Canada A1B1G2, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
124 TERRA NOVA Road Unit#103 ST. JOHN'S Newfoundland & Labrador Canada A1B1G2, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
124 TERRA NOVA Road Unit#103 ST. JOHN'S Newfoundland & Labrador Canada A1B1G2, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
124 TERRA NOVA Road Unit#103 ST. JOHN'S Newfoundland & Labrador Canada A1B1G2, for Sale, residential, Haris Barki, Keller Williams Platinum Realty

Presented By

Haris Barki
Haris Barki
REALTOR ®
Keller Williams Platinum Realty
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
MLS: 1278065
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

0000

Investment Calculator:

MonthlyYearly
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 Ratio27.24%27.24%
Cash Flow$468$5,616
Net Operating Income (NOI)$468$5,616
Capitalization Rate0.28%3.31%
Capitalization Rate: 3.31%
After-repair value (ARV) (This is a rule for purchasing and flipping distressed real estate for a profit, which states that the purchase price should be less than 70% of after-repair value (ARV) minus repair costs (rehab).): $242,715