47 Margarets Place Unit#207
St. John's, NL, A1C6N3
2 Beds | 2 Baths
$367,500
About the property (MLS: 1281077):
This conveniently located condo is only minutes walk to downtown, Churchill Square, and the university. To add to the convenience it has an underground parking space! It is a bright well kept unit with an open concept kitchen, dining and lving area. The condo also has a basement storage area and the buiding has an exercise room. The main bedroom has a full ensuite and there is another bedroom and another bath for when guests are staying. The building elevator provides ease when accessing the condo. (id:56688)
Property Details
MLS: 1281077
Listing ID: 27833931
Address: 47 Margarets Place Unit#207, St. John's, Newfoundland & Labrador, Canada A1C6N3
Status: Active
Last updated: 20 days ago ( Mar 4, 2025 )
Year Built: 2009
Property Type: Single Family
Ownership Type: Condominium
Beds: 2
Baths: 2
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Laminate
Living Area Total: 1,059 square feet
Price per sq ft: $348
Tax Annual Amount: $2,654
Garage? Yes
Attached Garage? No
Carport? No
Open Parking? No
Garage Spaces: 1
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Laminate
Exterior Features: Brick
Common Interest: Condo/Strata
Association Fee: 430
Number of photos available: 14
Rurl
Coordinates: [47.569491, -52.717976]
Listing ID: 27833931
Address: 47 Margarets Place Unit#207, St. John's, Newfoundland & Labrador, Canada A1C6N3
Status: Active
Last updated: 20 days ago ( Mar 4, 2025 )
Year Built: 2009
Property Type: Single Family
Ownership Type: Condominium
Beds: 2
Baths: 2
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Laminate
Living Area Total: 1,059 square feet
Price per sq ft: $348
Tax Annual Amount: $2,654
Garage? Yes
Attached Garage? No
Carport? No
Open Parking? No
Garage Spaces: 1
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Laminate
Exterior Features: Brick
Common Interest: Condo/Strata
Association Fee: 430
Number of photos available: 14
Rurl
Coordinates: [47.569491, -52.717976]
Rooms
| Main level | Dining room Laundry room Bedroom Bedroom Kitchen Living room | 13.5 x 8 null 10 x 8 null 11 x 11 null 9.5 x 8 null 13 x 12 null 14.5 x 13.5 null |
Basic Calculator
First Mortgage: $294,000
Mortgage insurance premium: $0
Total Financing: $294,000
Rough closing fee (1.5%): ~ $5,513
Total downpayment with estimated closing fee: $79,013
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,165 | $13,980 |
| Gross rental income (income/principal ratio) | 0.317% | 3.804% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $460 | $5,520 |
| Vacancy | $59 | $699 |
| Management Fee | $94 | $1,119 |
| Expense / Income Ratio | 39.48% | 39.48% |
| Cash Flow | $554 | $6,648 |
| Net Operating Income (NOI) | $554 | $6,648 |
| Capitalization Rate | 0.15% | 1.81% |
Capitalization Rate: 1.81%
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).): $525,000
