37 Middleton Street
St. John's, NL, A1A3J2
5 Beds | 2 Baths
$350,000
About the property (MLS: 1281005):
Located in the desirable east end of St. John's, this registered two-apartment home offers both comfort and versatility. Just half a block from the local elementary school, and the Academy Canada campus, it’s an ideal location for families or those seeking an investment opportunity. The main unit features three spacious bedrooms upstairs, while the self-contained apartment downstairs boasts two additional bedrooms and a brand-new kitchen. Recent updates throughout the home include fresh paint and newly installed flooring, with an electric fireplace as the focal point on the main floor, adding a modern and inviting touch. With its family-friendly neighbourhood and proximity to schools, parks, and amenities, this move-in-ready property is a rare find in a highly sought-after area. Don’t miss out on this incredible opportunity! Sellers directive is attached to the listing, and no offers shall be presented until January 22nd at 8 pm (id:56688)
Property Details
Listing ID: 27821646
Address: 37 Middleton Street, St. John's, Newfoundland & Labrador, Canada A1A3J2
Status: Active
Last updated: 24 days ago ( Jan 20, 2025 )
Year Built: 1975
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Mixed Flooring
Living Area Total: 2,131 square feet
Price per sq ft: $165
Tax Annual Amount: $2,448
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: See remarks
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Laminate, Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 25
Rurl
Coordinates: [47.599854, -52.693291]
Rooms
| Basement | Bath (# pieces 1-6) Not known Not known Not known Bedroom Bedroom Laundry room | B4 null 11x5.8 null 13.1x12.1 null 14.1x11.8 null 12.11x10.1 null 13x12.2 null 11.7x12 null |
| Main level | Bath (# pieces 1-6) Living room/Fireplace Dining room Not known Bedroom Bedroom Primary Bedroom | B4 null 12.11x16.5 null 8.5x10.5 null 11.5x13.4 null 10.7x8.7 null 8.4x14.1 null 9.5x13.5 null |
Basic Calculator
First Mortgage: $280,000
Mortgage insurance premium: $0
Total Financing: $280,000
Rough closing fee (1.5%): ~ $5,250
Total downpayment with estimated closing fee: $75,250
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,345 | $28,140 |
| Gross rental income (income/principal ratio) | 0.670% | 8.040% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $438 | $5,256 |
| Vacancy | $118 | $1,407 |
| Management Fee | $188 | $2,252 |
| Expense / Income Ratio | 18.68% | 18.68% |
| Cash Flow | $1,603 | $19,236 |
| Net Operating Income (NOI) | $1,603 | $19,236 |
| Capitalization Rate | 0.46% | 5.50% |
