About the property (MLS: 1280904):
Great property for a handyman or renovator! Don’t miss the opportunity to view 117 Elizabeth Avenue, ideally situated in one of the city's most sought-after neighborhoods, on a generous 57' x 141' building lot. This home offers great potential with an attached garage, 3 bedrooms on the main, a bright and spacious living room, wide hallways and a fully developed basement ready for your vision. Come see the possibilities! No conveyance of offers as per sellers direction until 12pm on January 17th. (id:56688)
Property Details
MLS: 1280904
Listing ID: 27799478
Address: 117 Elizabeth Avenue, St. John's, Newfoundland & Labrador, Canada A1B1R6
Status: Active
Last updated: a month ago ( Jan 15, 2025 )
Year Built: 1954
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 3
Baths: 2
1/2 Baths: 0
Heating: Oil
Sewer: Municipal sewage system
Flooring: Hardwood, Mixed Flooring
Living Area Total: 2,790 square feet
Price per sq ft: $108
Tax Annual Amount: $2,572
Tax Year: 2025
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Oil
Flooring: Hardwood, Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 2
Rurl
Coordinates: [47.58007, -52.716106]
Listing ID: 27799478
Address: 117 Elizabeth Avenue, St. John's, Newfoundland & Labrador, Canada A1B1R6
Status: Active
Last updated: a month ago ( Jan 15, 2025 )
Year Built: 1954
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 3
Baths: 2
1/2 Baths: 0
Heating: Oil
Sewer: Municipal sewage system
Flooring: Hardwood, Mixed Flooring
Living Area Total: 2,790 square feet
Price per sq ft: $108
Tax Annual Amount: $2,572
Tax Year: 2025
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Oil
Flooring: Hardwood, Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 2
Rurl
Coordinates: [47.58007, -52.716106]
Rooms
Basement | Other Storage Kitchen Family room Utility room | 9'1 x 11'7 null 11'10 x 7'8 null 11'8 x 15'6 null 14'6 x 16 null 11'7 x 12 null |
Main level | Bedroom Bath (# pieces 1-6) Bedroom Primary Bedroom Kitchen Dining room Living room/Fireplace | 9'11 x 9 null 4pcs 9'11 x 7'11 null 13'6 x 13'6 null 12'11 x 9'11 null 9'10 x 12'4 null 14'10 x 15'6 null |
Basic Calculator
First Mortgage: $239,920
Mortgage insurance premium: $0
Total Financing: $239,920
Rough closing fee (1.5%): ~ $4,499
Total downpayment with estimated closing fee: $64,479
Investment Calculator:
Monthly | Yearly | |
---|---|---|
Gross Revenue | $3,070 | $36,840 |
Gross rental income (income/principal ratio) | 1.024% | 12.284% |
Mortgage | $0 | $0 |
Monthly Expenses | $375 | $4,500 |
Vacancy | $154 | $1,842 |
Management Fee | $246 | $2,948 |
Expense / Income Ratio | 12.21% | 12.21% |
Cash Flow | $2,296 | $27,552 |
Net Operating Income (NOI) | $2,296 | $27,552 |
Capitalization Rate | 0.77% | 9.19% |
Capitalization Rate: 9.19%
After-repair value (ARV) (This is a rule for purchasing and flipping distressed real estate for a profit, which states that the purchase price should be less than 70% of after-repair value (ARV) minus repair costs (rehab).): $428,429