22 McNeil Street
St John's, NL, A1C2T9
6 Beds | 2 Baths
$289,990
About the property (MLS: 1280684):
Located in the highly sought-after central core of St. John’s, this semi-detached property is a rare opportunity for homeowners and investors alike. Built just 20 years ago, this home boasts a solid concrete foundation and efficient electric heating. With over 2,000 sq. ft. of living space, this property offers 6 spacious bedrooms and 2 full bathrooms, making it perfect for a large family or as a lucrative rental property. The rental income potential is outstanding, and with current rates, your mortgage payments could be cheaper than renting. Convenience is key, and this property is minutes away from downtown St. John’s, post-secondary institutions, hospitals, shopping centers, and all major bus routes. Parking is a breeze with both off-street and year-round on-street parking options. Whether you’re looking to invest or call it home, this property combines size, location, and value like no other. Don’t miss your chance to own a piece of St. John’s central core! Property being sold as is where is, Reach out today to schedule your viewing. (id:56688)
Property Details
Listing ID: 27789482
Address: 22 McNeil Street, St John's, Newfoundland & Labrador, Canada A1C2T9
Status: Active
Last updated: 4 days ago ( Jan 10, 2025 )
Year Built: 2004
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 6
Baths: 2
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Laminate, Mixed Flooring
Living Area Total: 2,015 square feet
Price per sq ft: $144
Tax Annual Amount: $2,500
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Laminate, Mixed Flooring
Exterior Features: Wood shingles
Common Interest: Freehold
Number of photos available: 3
Rurl
Coordinates: [47.565009, -52.723744]
Rooms
| Basement | Bedroom Bedroom Bath (# pieces 1-6) | 13x16 null 13x16 null 10x13 null |
| Second level | Bedroom Bedroom Bedroom Bath (# pieces 1-6) | 11x13 null 13x14 null 13x14 null 10x14 null |
| Main level | Bedroom Kitchen Living room | 11x12 null 10x20 null 10x20 null |
Basic Calculator
First Mortgage: $231,992
Mortgage insurance premium: $0
Total Financing: $231,992
Rough closing fee (1.5%): ~ $4,350
Total downpayment with estimated closing fee: $62,348
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,217 | $26,604 |
| Gross rental income (income/principal ratio) | 0.765% | 9.174% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $363 | $4,356 |
| Vacancy | $111 | $1,331 |
| Management Fee | $178 | $2,129 |
| Expense / Income Ratio | 16.37% | 16.37% |
| Cash Flow | $1,566 | $18,792 |
| Net Operating Income (NOI) | $1,566 | $18,792 |
| Capitalization Rate | 0.54% | 6.48% |
