54 Great Eastern Avenue
St. John's, NL, A1B0A4
5 Beds | 2 Baths
$375,000
About the property (MLS: 1279940):
Welcome to 54 Great Eastern Avenue, conveniently located in Kenmount Terrace, near all amenities, bus stops, restaurants, Avalon Mall, Hospitals, and MUN. This property is ideal for any savvy investor or buyer looking to offset their mortgage with rental income from the basement apartment. You will love the open concept main floor, with bright windows letting in natural light. This floor offers 3 generous bedrooms and beautiful main bath. The main floor has had many upgrades including new flooring throughout, newer paint, refinished cabinets, brand new carpet on stairs, backsplash, and gazebo over the back deck, great for future hot tub or outside entertaining space. The basement apartment features spacious kitchen and living room, 2 bedrooms, and full bath. This home has been a very successful investment property and was operated as a successful Airbnb on the main floor from 2018-2023. Owner discloses that they are the listing agent. As per seller direction there will be no conveyance of offers before 4pm on Saturday, November 30, 2024 . (id:56688)
Property Details
Listing ID: 27681945
Address: 54 Great Eastern Avenue, St. John's, Newfoundland & Labrador, Canada A1B0A4
Status: Active
Last updated: 16 days ago ( Nov 25, 2024 )
Year Built: 2006
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Carpeted, Other
Living Area Total: 2,012 square feet
Price per sq ft: $187
Tax Annual Amount: $2,407
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: Concrete
Heating: Baseboard heaters, Electric
Flooring: Laminate, Carpeted, Other
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 29
Rurl
Coordinates: [47.5489, -52.793749]
Rooms
| Basement | Storage Bedroom Kitchen Bath (# pieces 1-6) Bedroom Living room Storage | 7x6.6 null 11.1x10.2 null 13x12 null 4pc 8.10x9.50 null 13.1x11 null 11x11.1 null |
| Main level | Bedroom Living room Bedroom Bath (# pieces 1-6) Primary Bedroom Kitchen | 9.6x11.2 null 11x14.8 null 9.80x10 null 4pc 11.6x11 null 10.6x15.4 null |
Basic Calculator
First Mortgage: $300,000
Mortgage insurance premium: $0
Total Financing: $300,000
Rough closing fee (1.5%): ~ $5,625
Total downpayment with estimated closing fee: $80,625
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,214 | $26,568 |
| Gross rental income (income/principal ratio) | 0.590% | 7.085% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $469 | $5,628 |
| Vacancy | $111 | $1,329 |
| Management Fee | $178 | $2,126 |
| Expense / Income Ratio | 21.18% | 21.18% |
| Cash Flow | $1,458 | $17,496 |
| Net Operating Income (NOI) | $1,458 | $17,496 |
| Capitalization Rate | 0.39% | 4.67% |
