88 Lime Street
St.John's, NL, A1C4H7
2 Beds | 1 Bath
$120,000
About the property (MLS: 1279330):
This property on Lime Street is a rare find for renovators and investors. Located in the vibrant, historic district of Downtown St. John’s, this two-bedroom, one-bathroom home is brimming with character and ready to be transformed. Inside, the home offers two comfortable bedrooms and a full bathroom, perfect for a cozy home or rental space. The property also boasts a third level that could be reimagined as an additional bedroom, creative studio, or office space, adding to the home’s versatility. At the back, you’ll find plenty of storage and the potential to develop a secondary unit—ideal for a rental suite or guest accommodations. Situated just steps from St. John’s best shops, dining, and historic sites, this property combines urban convenience with the opportunity to create something truly unique. Whether you envision it as a charming single-family residence or a dual-unit investment, this home offers a fantastic canvas. (id:56688)
Property Details
Listing ID: 27618925
Address: 88 Lime Street, St.John's, Newfoundland & Labrador, Canada A1C4H7
Status: Active
Last updated: 22 days ago ( Nov 20, 2024 )
Year Built: 1980
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: House
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Beds: 2
Baths: 1
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,015 square feet
Price per sq ft: $119
Tax Annual Amount: $749
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: See remarks
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 15
Rurl
Coordinates: [47.562581, -52.714001]
Rooms
| Second level | Other | |
| Main level | Other |
Basic Calculator
First Mortgage: $96,000
Mortgage insurance premium: $0
Total Financing: $96,000
Rough closing fee (1.5%): ~ $1,800
Total downpayment with estimated closing fee: $25,800
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,117 | $13,404 |
| Gross rental income (income/principal ratio) | 0.931% | 11.170% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $150 | $1,800 |
| Vacancy | $56 | $671 |
| Management Fee | $90 | $1,073 |
| Expense / Income Ratio | 13.43% | 13.43% |
| Cash Flow | $822 | $9,864 |
| Net Operating Income (NOI) | $822 | $9,864 |
| Capitalization Rate | 0.68% | 8.22% |
