480 Thorburn Road
St. John's, NL, A1B4R1
10 Beds | 7 Baths
$1,250,000
About the property (MLS: 1279259):
Welcome to this exceptional executive property located at 480 Thorburn Road, St. John's, NL. Spanning over 7 acres of private land, this expansive estate offers unmatched luxury, space, and versatility. With three generously sized suites, each with its own private entrance, this property provides lucrative rental income opportunities or the flexibility to host extended family. You could select which suite you would live in and rent and or Airbnb the other two suites. All three residences feature a spacious open-concept layout with high-end finishes, custom cabinetry, and large windows for natural light and stunning views. Multiple garages offer abundant space for vehicle storage, workshops, or hobby areas, making it ideal for car enthusiasts or business owners. The vast outdoor space invites you to enjoy Newfoundland’s natural beauty, with plenty of potential for gardens, recreational spaces, or further development. This property blends luxurious living with investment potential, creating an unparalleled opportunity in one of St. John’s most desirable areas. The matter port video is of the owners suite only and two other videos available upon request as well as extensive photo package of all three suites. (id:56688)
Property Details
Listing ID: 27612209
Address: 480 Thorburn Road, St. John's, Newfoundland & Labrador, Canada A1B4R1
Status: Active
Last updated: 2 months ago ( Nov 4, 2024 )
Year Built: 2002
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 10
Baths: 7
1/2 Baths: 2
Heating: Electric
Sewer: Septic tank
Flooring: Laminate, Ceramic Tile, Mixed Flooring
Living Area Total: 7,409 square feet
Price per sq ft: $169
Tax Annual Amount: $6,000
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Garage Spaces: 1
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer
Foundation Details: Poured Concrete
Heating: Electric
Flooring: Laminate, Ceramic Tile, Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 50
Rurl
Coordinates: [47.565108, -52.79897]
Rooms
| Lower level | Kitchen Foyer Primary Bedroom Living room Bedroom Office | 14.4*16.2 null 7.0*13.0 null 12*22.5 null 11.4*21.8 null 14.9*13 null 15*7.3 null |
| Second level | Bedroom Bedroom Bedroom Primary Bedroom Bedroom Bedroom Bedroom Primary Bedroom | 11.10*16.9 null 14.11*16.9 null 15.9*23.8 null 11.11*17.10 null 12*14 null 15.5*14 null 15.4*18.2 null 12.2*20.10 null |
| Main level | Laundry room Family room Kitchen Dining room Living room Foyer Laundry room Kitchen Family room Living room Foyer | 7*7.3 null 12.2*16 null 11.5*15.2 null 12.2*10.3 null 15.8*30 null 12*5.10 null 15.6*8 null 15*18.9 null 11.8*13.3 null 12.1*22.8 null 11.9*7.8 null |
Basic Calculator
First Mortgage: $1,000,000
Mortgage insurance premium: $0
Total Financing: $1,000,000
Rough closing fee (1.5%): ~ $18,750
Total downpayment with estimated closing fee: $268,750
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $8,150 | $97,800 |
| Gross rental income (income/principal ratio) | 0.652% | 7.824% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $1,563 | $18,756 |
| Vacancy | $408 | $4,890 |
| Management Fee | $652 | $7,824 |
| Expense / Income Ratio | 19.18% | 19.18% |
| Cash Flow | $5,528 | $66,336 |
| Net Operating Income (NOI) | $5,528 | $66,336 |
| Capitalization Rate | 0.44% | 5.31% |
