29 Sitka Street
St. John's, NL, A1H0J6
5 Beds | 4 Baths
$579,900
About the property (MLS: 1279666):
Welcome to this stunning 2 apartment unit in Southland. This property offers the best of both worlds - a spacious main residence and a income-generating apartment. This corner lot gem boasts over 2,500 square feet of living space, perfect for those who appreciate room to breathe. Step inside and be wowed by the upgraded kitchen cabinets, crown moldings, and elegant pillars that add a touch of sophistication. The open-concept kitchen and living room create a perfect space for entertaining, while the propane fireplace & mini split heat pump add warmth and ambiance. The primary bedroom suite is a true retreat, featuring a gorgeous soaker tub and rain head shower that'll make you feel like you're at a luxury spa. High-end laminate and ceramic flooring throughout add to the overall appeal. But wait, there's more! This property includes a separate two-bedroom apartment with its own covered entrance and separate parking. Located in a fantastic neighborhood, you'll be close to all major shopping in Galway and the Summit Recreation Center in Mount Pearl. Outside, enjoy the fully fenced yard and upsized patio deck - perfect for summer barbecues or just lounging in the sun. And let's not forget the attached in-house garage with second-floor overhead storage - because who doesn't need a little extra space for their stuff? This beauty is well worth viewing, so don't miss out on this opportunity! (id:56688)
Property Details
Listing ID: 27651087
Address: 29 Sitka Street, St. John's, Newfoundland & Labrador, Canada A1H0J6
Status: Active
Last updated: 15 days ago ( Nov 26, 2024 )
Year Built: 2013
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 4
1/2 Baths: 1
Heating: Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Mixed Flooring
Living Area Total: 2,536 square feet
Price per sq ft: $229
Tax Annual Amount: $2,274
Tax Year: 2024
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Dishwasher
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Hardwood, Mixed Flooring
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 33
Rurl
Coordinates: [47.485863, -52.818932]
Rooms
| Basement | Not known Not known Not known Not known Laundry room Family room | 14.1x10.9 null 10.8x12.11 null 10.9x10.10 null 10.9x10.10 null 7.6x6.2 null 10.9x14.9 null |
| Main level | Primary Bedroom Bedroom Bedroom Dining nook Living room/Fireplace Kitchen | 11.5x13.7 null 10.7x9.5 null 10.7x10 null 12x9.1 null 11.4x15.1 null 12x13.2 null |
Basic Calculator
First Mortgage: $463,920
Mortgage insurance premium: $0
Total Financing: $463,920
Rough closing fee (1.5%): ~ $8,699
Total downpayment with estimated closing fee: $124,679
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,790 | $33,480 |
| Gross rental income (income/principal ratio) | 0.481% | 5.773% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $725 | $8,700 |
| Vacancy | $140 | $1,674 |
| Management Fee | $224 | $2,679 |
| Expense / Income Ratio | 25.99% | 25.99% |
| Cash Flow | $1,703 | $20,436 |
| Net Operating Income (NOI) | $1,703 | $20,436 |
| Capitalization Rate | 0.29% | 3.52% |
