About the property (MLS: 1281104):
Looking for location and price, you're in luck, this condo is the one! A well-maintained 1 bedroom, 1 bathroom condo with its own laundry and is perfectly located downtown with a short walk to all restaurants and bars and the St. Johns waterfront! Boasting an open concept living/dining/ kitchen, beautiful hardwood floors with everything included; fridge, stove, dishwasher, washer & dryer and completely furnished! This unit also has a convenient, heated underground parking space. Move-in ready! (id:56688)
Property Details
MLS: 1281104
Listing ID: 27826027
Address: 117 Queens Road Unit#25, St. John's, Newfoundland & Labrador, Canada A1C2B2
Status: Active
Last updated: 22 days ago ( Jan 23, 2025 )
Year Built: 1990
Property Type: Single Family
Ownership Type: Condominium
Beds: 1
Baths: 1
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Mixed Flooring
Living Area Total: 500 square feet
Price per sq ft: $295
Tax Annual Amount: $1,115
Tax Year: 2025
Garage? Yes
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Hardwood, Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Condo/Strata
Association Fee: 220
Number of photos available: 7
Rurl
Coordinates: [47.564057, -52.710039]
Listing ID: 27826027
Address: 117 Queens Road Unit#25, St. John's, Newfoundland & Labrador, Canada A1C2B2
Status: Active
Last updated: 22 days ago ( Jan 23, 2025 )
Year Built: 1990
Property Type: Single Family
Ownership Type: Condominium
Beds: 1
Baths: 1
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Mixed Flooring
Living Area Total: 500 square feet
Price per sq ft: $295
Tax Annual Amount: $1,115
Tax Year: 2025
Garage? Yes
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Hardwood, Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Condo/Strata
Association Fee: 220
Number of photos available: 7
Rurl
Coordinates: [47.564057, -52.710039]
Rooms
Main level | Kitchen Bedroom Living room | 8 x 7 null 11 x 9 null 13 x 8 null |
Basic Calculator
First Mortgage: $118,000
Mortgage insurance premium: $0
Total Financing: $118,000
Rough closing fee (1.5%): ~ $2,213
Total downpayment with estimated closing fee: $31,713
Investment Calculator:
Monthly | Yearly | |
---|---|---|
Gross Revenue | $550 | $6,600 |
Gross rental income (income/principal ratio) | 0.373% | 4.475% |
Mortgage | $0 | $0 |
Monthly Expenses | $185 | $2,220 |
Vacancy | $28 | $330 |
Management Fee | $44 | $528 |
Expense / Income Ratio | 33.64% | 33.64% |
Cash Flow | $294 | $3,528 |
Net Operating Income (NOI) | $294 | $3,528 |
Capitalization Rate | 0.20% | 2.39% |
Capitalization Rate: 2.39%
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).): $210,715