About the property (MLS: 1281018):
Character is in abundance in this 4-level property with stunning views of Signal Hill, the Harbour and Historic St. John's. The exterior is done in the Southcott style and the interior features hardwood floors, high ceilings, fireplaces and an impressive staircase. On the fringe of trendy Georgestown and just minutes to downtown, this unique property offers several options depending on your buyers' needs. Presently the 2nd. and 3rd. floors comprise the principal residence with over 1500 sq. ft. of living space. It has three bedrooms, the master with ensuite and a propane fireplace. There is also an eat-in kitchen, study, laundry room, plenty of storage and a patio deck with a magnificent view of the old city. The main floor office suite can be utilized by the owners or leased out as it can meet the needs of a variety of professional endeavors. Another option is to incorporate this space with the primary residence ; restoring the home to its original design. This can easily be done. All this and I have yet to mention the lovely one bedroom lower level apartment with its own laundry . This unit also features a patio deck overlooking the large mature garden. All three units are self contained with separate meters. All major appliances included. (id:56688)
Property Details
Listing ID: 27833660
Address: 31 Queens Road, St. John's, Newfoundland & Labrador, Canada A1C2A4
Status: Active
Last updated: 16 days ago ( Jan 28, 2025 )
Year Built: 1893
Property Type: Other
Architectural Style: 3 Level
Structure Type: Other
Ownership Type: Freehold
Beds: 4
Baths: 4
1/2 Baths: 2
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Carpeted, Other
Living Area Total: 2,932 square feet
Price per sq ft: $188
Tax Annual Amount: $3,964
Garage? No
Attached Garage? No
Carport? No
Open Parking? Yes
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave
Water Source: Municipal water
Heating: Baseboard heaters, Electric
Flooring: Hardwood, Carpeted, Other
Exterior Features: Wood
Common Interest: Freehold
Number of photos available: 26
Rurl
Coordinates: [47.568053, -52.708015]
Rooms
Basement | Laundry room Bath (# pieces 1-6) Bedroom Not known | 6'9 x 5'1 null 6'9 x 6 null 14'8 x 12'9 null 13'10 x 14'1 null |
Third level | Ensuite Bedroom Bedroom Primary Bedroom | 6'8 x 3'4 null 9'7 x 9'7 null 13'8 x 13'6 null 16'6 x 14'2 null |
Second level | Laundry room Bath (# pieces 1-6) Dining room Kitchen | 4'8 x 11'4 null 6'8 x 7 null 15 x 13'5 null 16'6 x 16'2 null |
Main level | Bath (# pieces 1-6) Office Office | 6'19 x 6'8 null 16'5 x 16'1 null 16'5 x 13'8 null |
Basic Calculator
First Mortgage: $440,000
Mortgage insurance premium: $0
Total Financing: $440,000
Rough closing fee (1.5%): ~ $8,250
Total downpayment with estimated closing fee: $118,250
Investment Calculator:
Monthly | Yearly | |
---|---|---|
Gross Revenue | $3,226 | $38,712 |
Gross rental income (income/principal ratio) | 0.587% | 7.039% |
Mortgage | $0 | $0 |
Monthly Expenses | $688 | $8,256 |
Vacancy | $162 | $1,936 |
Management Fee | $259 | $3,097 |
Expense / Income Ratio | 21.33% | 21.33% |
Cash Flow | $2,119 | $25,428 |
Net Operating Income (NOI) | $2,119 | $25,428 |
Capitalization Rate | 0.39% | 4.62% |