7 Cape Norman Street
St. John's, NL, A1B0R3
5 Beds | 4 Baths
$559,900
About the property (MLS: 1280214):
Brand new, 2-apartment home conveniently located on a quiet side street in Westgate! This fully developed home features 5 bedrooms, 3 and a half bathrooms, with an open concept style in each unit. Main unit has living room, dining room and kitchen with 3 bedrooms and ensuite bath and walk in closet off of the primary bedroom, with rec room, half bath and laundry in the basement. Apartment includes living room and Kitchen, 2 bedrooms and separate laundry facilities and 4-piece bath. Situated on a fully landscaped lot with front and rear and 3-car paved driveway! 10 Year Atlantic Home Warranty and main floor single head mini split! Completion the end of March 2025! (id:56688)
Property Details
Listing ID: 27718933
Address: 7 Cape Norman Street, St. John's, Newfoundland & Labrador, Canada A1B0R3
Status: Active
Last updated: 3 months ago ( Dec 17, 2024 )
Year Built: 2024
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: Two Apartment House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 5
Baths: 4
1/2 Baths: 1
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 2,384 square feet
Price per sq ft: $235
Tax Annual Amount: $5,004
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.544547, -52.802588]
Rooms
| Basement | Laundry room Bath (# pieces 1-6) Not known Not known Not known Not known Laundry room Bath (# pieces 1-6) Recreation room | 4pc 17.6x12.4 null 9.6x10.8 null 11.0x12.4 null 12.4x11.6 null 2pc 12.0x11.8 null |
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Storage Ensuite Primary Bedroom Kitchen Living room | 4pc 10.0x10.2 null 10.2x10.0 null 5.4x6.0 WIC null 3PC null 17.8x11.6 null 16.2x12.9 null 12.4x16.9 null |
Basic Calculator
First Mortgage: $447,920
Mortgage insurance premium: $0
Total Financing: $447,920
Rough closing fee (1.5%): ~ $8,399
Total downpayment with estimated closing fee: $120,379
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,623 | $31,476 |
| Gross rental income (income/principal ratio) | 0.468% | 5.622% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $700 | $8,400 |
| Vacancy | $132 | $1,574 |
| Management Fee | $210 | $2,519 |
| Expense / Income Ratio | 26.69% | 26.69% |
| Cash Flow | $1,583 | $18,996 |
| Net Operating Income (NOI) | $1,583 | $18,996 |
| Capitalization Rate | 0.28% | 3.39% |
