About the property (MLS: 1280850):
Welcome to 13 Sumac Street, a well cared for 2 apartment home with 3 bedrooms up and a 2 bedroom basement apartment located in the sought after Southlands subdivision. Upon entering, you’ll be greeted by a spacious foyer with hardwood stairs leading to an open-concept living space, kitchen and dining area with large windows allowing an abundance of natural light. The main floor includes three bedrooms, with the primary bedroom offering an ensuite and walk-in closet. Additional living space is provided with a lower-level family room, storage, and a laundry room. The apartment is bright and spacious, featuring two bedrooms and a covered well which tenants will love. The property is surrounded by walking trails, playgrounds, recreation facilities and offers quick access to highways and major shopping centres. No conveyance of offers as per sellers direction until 7pm on January 16th. (id:56688)
Property Details
Listing ID: 27793931
Address: 13 Sumac Street, St. John's, Newfoundland & Labrador, Canada A1H0G5
Status: Active
Last updated: a month ago ( Jan 14, 2025 )
Year Built: 2013
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 4
1/2 Baths: 1
Heating: Baseboard heaters
Sewer: Municipal sewage system
Flooring: Hardwood, Laminate
Living Area Total: 2,496 square feet
Price per sq ft: $206
Tax Annual Amount: $3,437
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator, Dishwasher, Stove, Microwave
Water Source: Municipal water
Heating: Baseboard heaters
Flooring: Hardwood, Laminate
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 23
Rurl
Coordinates: [47.488205, -52.818667]
Rooms
Basement | Bath (# pieces 1-6) Not known Not known Not known Not known Family room Laundry room | 4 pcs 10 x 12'10 null 11 x 12 null 11'4 x 10'10 null 13'3 x 10'10 null 11'11 x 15'10 null 7 x 8 null |
Main level | Ensuite Bath (# pieces 1-6) Primary Bedroom Bedroom Bedroom Living room Not known | 3 pcs 4 pcs 11'4 x 12'10 null 10' x 10' null 9' x 11' null 17'6 x 15'3 null 15'3 x 13'9 null |
Basic Calculator
First Mortgage: $411,120
Mortgage insurance premium: $0
Total Financing: $411,120
Rough closing fee (1.5%): ~ $7,709
Total downpayment with estimated closing fee: $110,489
Investment Calculator:
Monthly | Yearly | |
---|---|---|
Gross Revenue | $2,746 | $32,952 |
Gross rental income (income/principal ratio) | 0.534% | 6.412% |
Mortgage | $0 | $0 |
Monthly Expenses | $643 | $7,716 |
Vacancy | $138 | $1,648 |
Management Fee | $220 | $2,637 |
Expense / Income Ratio | 23.42% | 23.42% |
Cash Flow | $1,747 | $20,964 |
Net Operating Income (NOI) | $1,747 | $20,964 |
Capitalization Rate | 0.34% | 4.08% |