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TelephoneEmail10 Lemarchant Road, St. John's, Newfoundland & Labrador, Canada A1C2G5

10 Lemarchant Road

St. John's, NL, A1C2G5

location

3 Beds | 2 Baths

$219,900

10 Lemarchant Road St. John's Newfoundland & Labrador Canada A1C2G5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
10 Lemarchant Road St. John's Newfoundland & Labrador Canada A1C2G5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
10 Lemarchant Road St. John's Newfoundland & Labrador Canada A1C2G5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
10 Lemarchant Road St. John's Newfoundland & Labrador Canada A1C2G5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
10 Lemarchant Road St. John's Newfoundland & Labrador Canada A1C2G5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
10 Lemarchant Road St. John's Newfoundland & Labrador Canada A1C2G5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
10 Lemarchant Road St. John's Newfoundland & Labrador Canada A1C2G5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
10 Lemarchant Road St. John's Newfoundland & Labrador Canada A1C2G5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
10 Lemarchant Road St. John's Newfoundland & Labrador Canada A1C2G5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
10 Lemarchant Road St. John's Newfoundland & Labrador Canada A1C2G5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
10 Lemarchant Road St. John's Newfoundland & Labrador Canada A1C2G5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
10 Lemarchant Road St. John's Newfoundland & Labrador Canada A1C2G5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
10 Lemarchant Road St. John's Newfoundland & Labrador Canada A1C2G5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
10 Lemarchant Road St. John's Newfoundland & Labrador Canada A1C2G5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
10 Lemarchant Road St. John's Newfoundland & Labrador Canada A1C2G5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
10 Lemarchant Road St. John's Newfoundland & Labrador Canada A1C2G5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty

Presented By

Haris Barki
Haris Barki
REALTOR ®
Keller Williams Platinum Realty
About the property (MLS: 1281000):

This centrally located 2-story, 2 APARTMENT home offers the perfect blend of modern updates and rental income. The main level apartment is flooded with natural light, has great views of the city and is two levels - making it an ideal unit for someone to live in or to rent to the extremely competitive St. John's rental market. High ceilings make it feel very spacious and it the apartment is well maintained by the current tenants. The basement apartment features many recent updates, 1 bedroom and its own laundry! Currently vacant, the new owner could move right in or rent it to complete this income property. Located in the heart of the St. John's downtown core, this home is within walking distance to all amenities and provides an excellent opportunity for an investor or someone trying to minimize their costs and live cheaper than renting. Under $220,000 this is an unbelievable opportunity for someone to enter the real estate market or develop a real estate portfolio on the road to financial freedom! (id:56688)

Property Details
MLS: 1281000
Listing ID: 27810411
Address: 10 Lemarchant Road, St. John's, Newfoundland & Labrador, Canada A1C2G5
Status: Active
Last updated: a month ago ( Jan 16, 2025 )
Year Built: 1914
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 3
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,530 square feet
Price per sq ft: $144
Tax Annual Amount: $1,975
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Stove, Dryer
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 16
Rurl
Coordinates: [47.563657, -52.715477]

Rooms

Basement
Bath (# pieces 1-6)
Bedroom
Living room
Kitchen
3 pc
9 x 8.5 null
12 x 9.5 null
10 x 5 null
Second level
Bedroom
Bedroom
Bath (# pieces 1-6)
12.5 x 11 null
12 x 11 null
3 PC null
Main level
Porch
Laundry room
Living room
Not known
6 x 5 null
6 x 5 null
13 x 13 null
12 x 8 null

Basic Calculator



First Mortgage: $175,920

Mortgage insurance premium: $0

Total Financing: $175,920

Rough closing fee (1.5%): ~ $3,299

Total downpayment with estimated closing fee: $47,279

0000

Investment Calculator:

MonthlyYearly
Gross Revenue$1,684$20,208
Gross rental income (income/principal ratio)0.766%9.190%
Mortgage$0$0
Monthly Expenses$275$3,300
Vacancy$85$1,011
Management Fee$135$1,617
Expense / Income Ratio16.33%16.33%
Cash Flow$1,191$14,292
Net Operating Income (NOI)$1,191$14,292
Capitalization Rate0.54%6.50%
Capitalization Rate: 6.50%
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).): $314,143