90 Queens Road
St. John's, NL, A1C2B1
4 Beds | 1 Bath
$275,000
About the property (MLS: 1279716):
Nestled in vibrant and historic downtown St. John’s, this beautiful four-bedroom home blends modern comfort with classic charm. Within walking distance of iconic landmarks, shops, restaurants, and cultural attractions, it offers the perfect combination of convenience and character. The small backyard gives the new owner a chance to sit outside and feel like their own small getaway is right outside their door. The four large bedrooms offer so many options to the owner and make this home the perfect home to grow into. (id:56688)
Property Details
MLS: 1279716
Listing ID: 27663981
Address: 90 Queens Road, St. John's, Newfoundland & Labrador, Canada A1C2B1
Status: Active
Last updated: 6 days ago ( Jan 12, 2025 )
Year Built: 1910
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 4
Baths: 1
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Other, Mixed Flooring
Living Area Total: 2,466 square feet
Price per sq ft: $112
Tax Annual Amount: $1,912
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: See remarks
Water Source: Municipal water
Heating: Electric
Flooring: Other, Mixed Flooring
Exterior Features: Other
Common Interest: Freehold
Number of photos available: 25
Rurl
Coordinates: [47.56429, -52.710292]
Listing ID: 27663981
Address: 90 Queens Road, St. John's, Newfoundland & Labrador, Canada A1C2B1
Status: Active
Last updated: 6 days ago ( Jan 12, 2025 )
Year Built: 1910
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 4
Baths: 1
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Other, Mixed Flooring
Living Area Total: 2,466 square feet
Price per sq ft: $112
Tax Annual Amount: $1,912
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: See remarks
Water Source: Municipal water
Heating: Electric
Flooring: Other, Mixed Flooring
Exterior Features: Other
Common Interest: Freehold
Number of photos available: 25
Rurl
Coordinates: [47.56429, -52.710292]
Rooms
| Third level | Other Bedroom Bedroom | 8.10x14.3 null 17.10x9.5 null 13.3x14.2 null |
| Second level | Laundry room Bedroom Bedroom Bath (# pieces 1-6) | 8x6 null 14.5x14.2 null 13.1x9.6 null B4 null |
| Main level | Dining room Living room Not known | 8.6x16.5 null 14.6x9.7 null 14.11x9.5 null |
Basic Calculator
First Mortgage: $220,000
Mortgage insurance premium: $0
Total Financing: $220,000
Rough closing fee (1.5%): ~ $4,125
Total downpayment with estimated closing fee: $59,125
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,713 | $32,556 |
| Gross rental income (income/principal ratio) | 0.987% | 11.839% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $344 | $4,128 |
| Vacancy | $136 | $1,628 |
| Management Fee | $218 | $2,605 |
| Expense / Income Ratio | 12.68% | 12.68% |
| Cash Flow | $2,017 | $24,204 |
| Net Operating Income (NOI) | $2,017 | $24,204 |
| Capitalization Rate | 0.73% | 8.80% |
Capitalization Rate: 8.80%
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).): $392,858
