2 Bulrush Avenue
St.John’s, NL, A1H0M6
5 Beds | 4 Baths
$495,000
About the property (MLS: 1279223):
This charming two-apartment home is situated on a spacious corner lot in the desirable Diamond Marsh subdivision. The property is fully fenced and includes a convenient storage shed. Enjoy separate driveways for both the main house and the apartment, providing added privacy and ease of access. The main floor features an open-concept design with hardwood stairs and ceramic tile in the entry. The home offers three bedrooms, including a master suite with an ensuite bathroom and a walk-in closet. The kitchen is well-equipped with plenty of cupboard and countertop space, along with a small pantry for added storage. The basement includes a recreational room, a half bath, and a large laundry room. For year-round comfort, the home is also equipped with a 2-head mini-split unit. The two-bedroom apartment is partially above ground, allowing for ample natural light with no window wells. Its open-concept layout makes it perfect for comfortable living. This property offers great versatility for families or investors. Don’t miss out on this fantastic opportunity! No offers will be accepted prior to 12 noon Monday, November 4, 2024. (id:56688)
Property Details
Listing ID: 27604369
Address: 2 Bulrush Avenue, St.John’s, Newfoundland & Labrador, Canada A1H0M6
Status: Active
Last updated: 2 months ago ( Nov 1, 2024 )
Year Built: 2017
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: Laminate, Ceramic Tile
Fencing: Fence
Living Area Total: 2,444 square feet
Price per sq ft: $203
Tax Annual Amount: $3,758
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Baseboard heaters, Electric
Flooring: Laminate, Ceramic Tile
Exterior Features: Wood shingles, Vinyl siding
Common Interest: Freehold
Number of photos available: 21
Rurl
Coordinates: [47.493033, -52.799786]
Rooms
| Basement | Not known Bath (# pieces 1-6) Not known Not known Not known Not known Bath (# pieces 1-6) Laundry room Family room | 9.3 x 10 null 4 Pce null 9 x 11 null 6 x 8 null 12.8 x 13.8 null 10 x 13.8 null 2 Pce null 7 x 7.6 null 12.8 x 13.4 null |
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Ensuite Primary Bedroom Kitchen Dining nook Living room | 4 Pce null 9.2 x 10.40 null 9.60 x 10.40 null 3 Pce null 13.00 x 13.40 null 10.00 x 13.00 null 8.00 x 11.00 null 12.20 x 14.60 null |
Basic Calculator
First Mortgage: $396,000
Mortgage insurance premium: $0
Total Financing: $396,000
Rough closing fee (1.5%): ~ $7,425
Total downpayment with estimated closing fee: $106,425
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,689 | $32,268 |
| Gross rental income (income/principal ratio) | 0.543% | 6.519% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $619 | $7,428 |
| Vacancy | $135 | $1,614 |
| Management Fee | $216 | $2,582 |
| Expense / Income Ratio | 23.02% | 23.02% |
| Cash Flow | $1,721 | $20,652 |
| Net Operating Income (NOI) | $1,721 | $20,652 |
| Capitalization Rate | 0.35% | 4.17% |
