99 Cornwall Avenue
St. John's, NL, A1E1Z1
4 Beds | 2 Baths
$279,900
About the property (MLS: 1279783):
Two apartment home and the city bus stops right across the street! This is a dandy starter home for someone who likes the character and charm of the older homes with hardwood floors, stained wood trim, etc. It does need some modernizing and general maintenance but at this price, you can afford to do it. To the best of the Vendor's memory, the Windows, Siding and Shingles were done in 2005. There is a Patio Deck off the Kitchen that measures 6 x 18 which overlooks the Waterford Valley, a Storage Shed that measures 8 x 12 and there are 2 separate paved driveways - one of either side of the house. The Tenant in the basement Apartment has been there a long time and keeps the apartment clean and tidy, and would like to stay. The Vendor has not used the fireplace in many years and cannot attest to it's integrity. Age is approximate. As per Seller's Directive, all offers have to be into listing agent before noon on Tuesday November 26 and offers will be presented BEFORE 5pm on Tuesday November 26. (id:56688)
Property Details
Listing ID: 27665142
Address: 99 Cornwall Avenue, St. John's, Newfoundland & Labrador, Canada A1E1Z1
Status: Active
Last updated: 17 days ago ( Nov 25, 2024 )
Year Built: 1947
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: Two Apartment House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 4
Baths: 2
1/2 Baths: 0
Heating: Hot water radiator heat, Baseboard heaters, Oil, Wood
Sewer: Municipal sewage system
Flooring: Hardwood, Other, Mixed Flooring
Fencing: Partially fenced
Living Area Total: 2,271 square feet
Price per sq ft: $124
Tax Annual Amount: $0
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Hot water radiator heat, Baseboard heaters, Oil, Wood
Flooring: Hardwood, Other, Mixed Flooring
Fireplace Features: Wood, Woodstove
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 40
Rurl
Coordinates: [47.540566, -52.736977]
Rooms
| Basement | Storage Bedroom Living room Kitchen Storage | 5 x 7 null 11 x 12 null 8 x 14 null 8 x 11 null 9 x 16.5 null |
| Main level | Kitchen Living room Dining room Bedroom Bedroom Primary Bedroom | 13.5 x 14 null 13 x 18 null 10.5 x 12 null 11 x 11.5 null 9 x 10.5 null 11.5 x 11.5 null |
Basic Calculator
First Mortgage: $223,920
Mortgage insurance premium: $0
Total Financing: $223,920
Rough closing fee (1.5%): ~ $4,199
Total downpayment with estimated closing fee: $60,179
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,499 | $29,988 |
| Gross rental income (income/principal ratio) | 0.893% | 10.714% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $350 | $4,200 |
| Vacancy | $125 | $1,500 |
| Management Fee | $200 | $2,400 |
| Expense / Income Ratio | 14.01% | 14.01% |
| Cash Flow | $1,825 | $21,900 |
| Net Operating Income (NOI) | $1,825 | $21,900 |
| Capitalization Rate | 0.65% | 7.82% |
