47 Leslie Street
St.John's, NL, A1E2V7
$479,900
About the property (MLS: 1280231):
47 Leslie Street Description This outstanding investment opportunity is in a prime west-end location! This versatile 5,483 sq. ft. three-story building, zoned R3, is situated on a spacious 12,154 sq. ft. corner lot. Currently used as medical offices, it offers the potential to be converted into a multi-unit residential building. The primary and second floors feature kitchenettes, washrooms, and office spaces, while the third floor boasts additional offices, a bathroom, and a large skylight open to the second level. The 1,216 sq. ft. basement provides abundant storage with exterior access. 400-amp electrical panel with four separate meters. Available parking for 10 vehicles at the front of the building. (id:56688)
Property Details
Listing ID: 27725884
Address: 47 Leslie Street, St.John's, Newfoundland & Labrador, Canada A1E2V7
Status: Active
Last updated: a month ago ( Dec 11, 2024 )
Year Built: 1930
Property Type: Retail
Structure Type: Commercial Mix
Ownership Type: Freehold
Number of stories: 4
Number of Levels: 4
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring
Living Area Total: 5,483 square feet
Price per sq ft: $88
Tax Annual Amount: $9,926
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring
Common Interest: Freehold
Business Type: Other, Service
Building Features: Laundry Facility
Number of photos available: 48
Rurl
Coordinates: [47.549554, -52.723593]
Rooms
Basic Calculator
First Mortgage: $383,920
Mortgage insurance premium: $0
Total Financing: $383,920
Rough closing fee (1.5%): ~ $7,199
Total downpayment with estimated closing fee: $103,179
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $6,032 | $72,384 |
| Gross rental income (income/principal ratio) | 1.257% | 15.083% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $600 | $7,200 |
| Vacancy | $302 | $3,620 |
| Management Fee | $483 | $5,791 |
| Expense / Income Ratio | 9.95% | 9.95% |
| Cash Flow | $4,648 | $55,776 |
| Net Operating Income (NOI) | $4,648 | $55,776 |
| Capitalization Rate | 0.97% | 11.62% |
