About the property (MLS: 1281169):
Located in the vibrant and historic downtown area of St. John's, this property is brimming with character and charm, just waiting to be restored to its former glory. 4 spacious bedrooms and 2 full bathrooms are perfect for a family. Location, Location, Location! Situated in the heart of downtown St. John’s, you'll be close to all the amenities, shops, restaurants, and cultural attractions that make this area so desirable. This home’s prime location and historical charm make it an ideal project for those looking to invest in downtown St. John’s. With a bit of creativity and elbow grease, this beautiful home could become a stunning residence or a lucrative rental property. Lots of possibilities!* As per Sellers Directive, there will be no presentation of offers until 1 PM on Monday, January 27th. All offers will be responded to by 4PM on January 27th and all offers should be left open until that time. (id:56688)
Property Details
Listing ID: 27844409
Address: 16 Scott Street, St. John's, Newfoundland & Labrador, Canada A1C2P7
Status: Active
Last updated: 18 days ago ( Jan 27, 2025 )
Year Built: 1960
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 4
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Mixed Flooring
Living Area Total: 1,500 square feet
Price per sq ft: $100
Tax Annual Amount: $692
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Hardwood, Mixed Flooring
Exterior Features: Vinyl siding, Other
Common Interest: Freehold
Number of photos available: 20
Rurl
Coordinates: [47.565051, -52.717852]
Rooms
Second level | Bath (# pieces 1-6) Bedroom Bedroom Bedroom Bedroom | 5*5 null 14*8 null 10*14 null 8*9 null 12*7 null |
Main level | Living room Bath (# pieces 1-6) Kitchen | 20*14 null 5*5 null 13*10 null |
Basic Calculator
First Mortgage: $119,920
Mortgage insurance premium: $0
Total Financing: $119,920
Rough closing fee (1.5%): ~ $2,249
Total downpayment with estimated closing fee: $32,229
Investment Calculator:
Monthly | Yearly | |
---|---|---|
Gross Revenue | $1,651 | $19,812 |
Gross rental income (income/principal ratio) | 1.101% | 13.217% |
Mortgage | $0 | $0 |
Monthly Expenses | $188 | $2,256 |
Vacancy | $83 | $991 |
Management Fee | $133 | $1,585 |
Expense / Income Ratio | 11.39% | 11.39% |
Cash Flow | $1,249 | $14,988 |
Net Operating Income (NOI) | $1,249 | $14,988 |
Capitalization Rate | 0.83% | 10.00% |