40 Raleigh Street
St. John's, NL, A1C5E3
4 Beds | 1 Bath
$240,000
About the property (MLS: 1280728):
Awesome opportunity for a quick Flip with just a little work! Also, a great first time home buyer property at a reasonable price that is completely move in ready! The options are nearly endless with this charming 2-storey detached home located in the heart of St. John’s, offering rear yard access to a garage and a fully fenced backyard. Step inside and discover the nostalgic charm of this character-filled property, ready for you to add your personal touch and style. The main floor features hardwood floors, high ceilings, a spacious living room, a dining room with a seamless flow, and a bright eat-in kitchen. Upstairs, you’ll find 4 bedrooms and a main bathroom, providing ample space for family living. This home also boasts a 200AMP electrical panel (allowing an easy conversion from oil to electric) and retains its warm, nostalgic character, making it a unique find in today's market. Conveniently located near schools, shopping, downtown, recreation, and highway access, this property combines timeless charm with modern convenience. Don’t miss your chance to own this classic St. John’s home, priced to sell and brimming with potential. Contact us today to schedule your viewing! Property selling AS IS and quick possession available. Sellers Direction In Place. Offers to commence Saturday, Jan 11 at 4PM, with irrevocable until 9PM. (id:56688)
Property Details
Listing ID: 27782637
Address: 40 Raleigh Street, St. John's, Newfoundland & Labrador, Canada A1C5E3
Status: Active
Last updated: 10 days ago ( Jan 9, 2025 )
Year Built: 1940
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: House
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Beds: 4
Baths: 1
1/2 Baths: 0
Heating: Forced air, Oil
Sewer: Municipal sewage system
Flooring: Hardwood, Carpeted
Living Area Total: 1,824 square feet
Price per sq ft: $132
Tax Annual Amount: $1,603
Garage? Yes
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Dishwasher
Water Source: Municipal water
Foundation Details: Concrete
Heating: Forced air, Oil
Flooring: Hardwood, Carpeted
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 40
Rurl
Coordinates: [47.560237, -52.725386]
Rooms
| Second level | Bedroom Bedroom Bedroom Primary Bedroom Bath (# pieces 1-6) | 9x11 null 10x12 null 7.6x8 null 9x14.6 null 4pc |
| Main level | Not known Dining room Living room/Fireplace | 10x18.6 null 10x13 null 12x13 null |
Basic Calculator
First Mortgage: $192,000
Mortgage insurance premium: $0
Total Financing: $192,000
Rough closing fee (1.5%): ~ $3,600
Total downpayment with estimated closing fee: $51,600
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,007 | $24,084 |
| Gross rental income (income/principal ratio) | 0.836% | 10.035% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $300 | $3,600 |
| Vacancy | $101 | $1,205 |
| Management Fee | $161 | $1,927 |
| Expense / Income Ratio | 14.95% | 14.95% |
| Cash Flow | $1,447 | $17,364 |
| Net Operating Income (NOI) | $1,447 | $17,364 |
| Capitalization Rate | 0.60% | 7.23% |
