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TelephoneEmail31 Queens Road, St. John's, Newfoundland & Labrador, Canada A1C2A4

31 Queens Road

St. John's, NL, A1C2A4

location

4 Beds | 4 Baths

$550,000

31 Queens Road St. John's Newfoundland & Labrador Canada A1C2A4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
31 Queens Road St. John's Newfoundland & Labrador Canada A1C2A4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
31 Queens Road St. John's Newfoundland & Labrador Canada A1C2A4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
31 Queens Road St. John's Newfoundland & Labrador Canada A1C2A4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
31 Queens Road St. John's Newfoundland & Labrador Canada A1C2A4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
31 Queens Road St. John's Newfoundland & Labrador Canada A1C2A4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
31 Queens Road St. John's Newfoundland & Labrador Canada A1C2A4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
31 Queens Road St. John's Newfoundland & Labrador Canada A1C2A4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
31 Queens Road St. John's Newfoundland & Labrador Canada A1C2A4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
31 Queens Road St. John's Newfoundland & Labrador Canada A1C2A4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
31 Queens Road St. John's Newfoundland & Labrador Canada A1C2A4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
31 Queens Road St. John's Newfoundland & Labrador Canada A1C2A4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
31 Queens Road St. John's Newfoundland & Labrador Canada A1C2A4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
31 Queens Road St. John's Newfoundland & Labrador Canada A1C2A4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
31 Queens Road St. John's Newfoundland & Labrador Canada A1C2A4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
31 Queens Road St. John's Newfoundland & Labrador Canada A1C2A4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
31 Queens Road St. John's Newfoundland & Labrador Canada A1C2A4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
31 Queens Road St. John's Newfoundland & Labrador Canada A1C2A4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
31 Queens Road St. John's Newfoundland & Labrador Canada A1C2A4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
31 Queens Road St. John's Newfoundland & Labrador Canada A1C2A4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
31 Queens Road St. John's Newfoundland & Labrador Canada A1C2A4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
31 Queens Road St. John's Newfoundland & Labrador Canada A1C2A4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
31 Queens Road St. John's Newfoundland & Labrador Canada A1C2A4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
31 Queens Road St. John's Newfoundland & Labrador Canada A1C2A4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
31 Queens Road St. John's Newfoundland & Labrador Canada A1C2A4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
31 Queens Road St. John's Newfoundland & Labrador Canada A1C2A4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty

Presented By

Haris Barki
Haris Barki
REALTOR ®
Keller Williams Platinum Realty
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
MLS: 1281018
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

0000

Investment Calculator:

MonthlyYearly
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 Ratio21.33%21.33%
Cash Flow$2,119$25,428
Net Operating Income (NOI)$2,119$25,428
Capitalization Rate0.39%4.62%
Capitalization Rate: 4.62%
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).): $785,715