42 Lemarchant Road
St. John's, NL, A1C2G7
3 Beds | 2 Baths
$324,900
About the property (MLS: 1280988):
Executive townhome, located in a convenient downtown neighborhood, with driveway, garage and views of the Narrows from the upper level! This end unit townhouse features an open concept living and dining room, with bay window, and propane fireplace. The large eat-in kitchen at the rear provides direct access to the brand new private patio, powder room and laundry. The upper level boasts large primary bedroom with stunning views, two additional bedrooms (smallest ideal for nursery or home office), and main 4-piece bathroom. The ground level features an over sized, in-house garage (possibly could accommodate 2 small cars), and extra area suitable for storage or workshop. Great home, but also ideal for an executive rental or Air B&B. Just a short walk to the downtown core business' district and George Street, and to the university and Bannerman Park. Trendy neutral paint palette throughout. Pleasure to view. (id:56688)
Property Details
Listing ID: 27808128
Address: 42 Lemarchant Road, St. John's, Newfoundland & Labrador, Canada A1C2G7
Status: Active
Last updated: a month ago ( Feb 23, 2025 )
Year Built: 1996
Property Type: Single Family
Architectural Style: 3 Level
Structure Type: House
Ownership Type: Freehold
Number of stories: 3
Number of Levels: 3
Beds: 3
Baths: 2
1/2 Baths: 1
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,528 square feet
Price per sq ft: $213
Tax Annual Amount: $2,445
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring
Fireplace Features: Insert, Propane
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 32
Rurl
Coordinates: [47.562863, -52.716138]
Rooms
| Lower level | Not known Storage | 13.0x29.7 null 16.3x12.0 null |
| Second level | Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom | 8.7x5.4 4PC null 12.2x12.8 null 8.8x14.5 null 15.11x12.6 null |
| Main level | Bath (# pieces 1-6) Kitchen Dining room Living room Porch | 4.5x4.3 2PC null 12.1x17.1 null 8.8x9.3 null 10.8x16.0 null 4.10x6.4 null |
Basic Calculator
First Mortgage: $259,920
Mortgage insurance premium: $0
Total Financing: $259,920
Rough closing fee (1.5%): ~ $4,874
Total downpayment with estimated closing fee: $69,854
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,681 | $20,172 |
| Gross rental income (income/principal ratio) | 0.517% | 6.209% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $407 | $4,884 |
| Vacancy | $85 | $1,009 |
| Management Fee | $135 | $1,614 |
| Expense / Income Ratio | 24.21% | 24.21% |
| Cash Flow | $1,056 | $12,672 |
| Net Operating Income (NOI) | $1,056 | $12,672 |
| Capitalization Rate | 0.33% | 3.90% |
