40 Patrick Street
St. John's, NL, A1E2S7
$999,500
About the property (MLS: 1280012):
RARE OPPORTUNITY! St. Patrick's Church stands as a striking stone church on Patrick Street in west end St. John's! This registered heritage structure was the tallest building in St. John's for 71 years (1888-1959) and holds aesthetic and historic significance, showcasing Gothic Revival elements such as sandstone voussoirs framing arched double front doors, cross-shaped windows, and a bell tower with a 19-meter spire. Designed by renowned Irish architect J. J. McCarthy, the church features stone quoining, triple and double stepped lancet windows, and a vaulted ceiling with arcaded bays. Its interior boasts a pointed main arcade, massive columns, and wooden plank doors. Commissioned by Bishop John T. Mullock in 1853, St. Patrick's Church took more than two and a half decades to complete, finally consecrated in 1881. Recognized as a National Historic Site of Canada in 1990, its distinct features, including its hilltop location, polychromatic masonry, and Gothic decorative elements, make it a testament to Victorian-era church design. Zoned Institutional, the possibilities are abundant such as place of worship/assembly, offices, institutional use, or residential care facility just to name a few. A must see! *Any HST applicable is the responsibility of the purchaser (id:56688)
Property Details
Listing ID: 27691115
Address: 40 Patrick Street, St. John's, Newfoundland & Labrador, Canada A1E2S7
Status: Active
Last updated: 14 days ago ( Nov 28, 2024 )
Year Built: 1881
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Heating: Oil
Flooring: Mixed Flooring
Living Area Total: 16,500 square feet
Price per sq ft: $61
Tax Annual Amount: $0
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Oil
Flooring: Mixed Flooring
Common Interest: Freehold
Business Type: Industrial, Other
Number of photos available: 33
Rurl
Coordinates: [47.553371, -52.716417]
Rooms
Basic Calculator
First Mortgage: $799,600
Mortgage insurance premium: $0
Total Financing: $799,600
Rough closing fee (1.5%): ~ $14,993
Total downpayment with estimated closing fee: $214,893
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $18,150 | $217,800 |
| Gross rental income (income/principal ratio) | 1.816% | 21.791% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $1,250 | $15,000 |
| Vacancy | $908 | $10,890 |
| Management Fee | $1,452 | $17,424 |
| Expense / Income Ratio | 6.89% | 6.89% |
| Cash Flow | $14,541 | $174,492 |
| Net Operating Income (NOI) | $14,541 | $174,492 |
| Capitalization Rate | 1.45% | 17.46% |
