46 Tree Top Drive
ST. JOHN'S, NL, A1H1A2
4 Beds | 3 Baths
$429,900
About the property (MLS: 1281315):
This well maintained two-apartment home in Southlands offers an exceptional opportunity for homeowners and investors alike. The split-entry design features a spacious fenced yard, a convenient shed, and parking for up to three vehicles. At the heart of the main floor is a bright and spacious country kitchen with a double pantry. The main unit includes three generously sized bedrooms, with the primary bedroom offering a three-piece en-suite and a charming bay window that fills the space with natural light. The lower level adds even more living space with a cozy family room and an oversized laundry area, ideal for additional storage. The property also includes a one-bedroom basement apartment, thoughtfully designed with a large kitchen, living room, bedroom, full bathroom, and its own laundry facilities. Currently rented for $1,000 POU (internet included), the apartment provides an excellent income stream. The main floor unit is vacant and move-in ready. Recent updates include shingles replaced less than five years ago and a hot water tank in basement unit, making this home a fantastic opportunity in a desirable area of town. Don’t miss out! No conveyance of offers prior to 6pm on Feb 6, 2025. All offers to be left open until 11pm Feb 6, 2025. (id:56688)
Property Details
Listing ID: 27868853
Address: 46 Tree Top Drive, ST. JOHN'S, Newfoundland & Labrador, Canada A1H1A2
Status: Active
Last updated: 2 months ago ( Feb 3, 2025 )
Year Built: 2003
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: Two Apartment House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 4
Baths: 3
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Laminate, Mixed Flooring
Living Area Total: 2,184 square feet
Price per sq ft: $197
Tax Annual Amount: $2,975
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete, Poured Concrete
Heating: Electric
Flooring: Hardwood, Laminate, Mixed Flooring
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 23
Rurl
Coordinates: [47.494722, -52.816615]
Rooms
| Basement | Bath (# pieces 1-6) Bedroom Living room Kitchen Laundry room Family room | B4 null 11X12.2 null 11X12.6 null 11X12 null 12X15 null 12X16 null |
| Main level | Ensuite Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom Kitchen Living room | E3 null B4 null 9X10 null 10X10 null 12X14 null 12X17 null 13X16 null |
Basic Calculator
First Mortgage: $343,920
Mortgage insurance premium: $0
Total Financing: $343,920
Rough closing fee (1.5%): ~ $6,449
Total downpayment with estimated closing fee: $92,429
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,403 | $28,836 |
| Gross rental income (income/principal ratio) | 0.559% | 6.708% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $538 | $6,456 |
| Vacancy | $121 | $1,442 |
| Management Fee | $193 | $2,307 |
| Expense / Income Ratio | 22.39% | 22.39% |
| Cash Flow | $1,553 | $18,636 |
| Net Operating Income (NOI) | $1,553 | $18,636 |
| Capitalization Rate | 0.36% | 4.33% |
