142 Higgins Line
St. John's, NL, A1B2Y6
5 Beds | 2 Baths
$425,000
About the property (MLS: 1281285):
Discover this bright and spacious 2-apartment home, ideally situated in the sought-after east end of St. John’s. Conveniently located near Stavanger Drive, St. John’s International Airport, schools, walking trails, the Health Sciences Centre, Memorial University, and Avalon Mall, this property offers unparalleled accessibility to all major amenities. The main unit boasts a well-designed layout, featuring a welcoming living room, a functional kitchen, three generously sized bedrooms, and a full bathroom. The self-contained 2-bedroom apartment on the lower level is perfect for rental income or extended family. It includes a cozy living room, a kitchen with an eating area, a full bathroom, and a separate laundry space for added convenience. This home is a fantastic opportunity for homeowners and investors alike. Don’t miss your chance to own a property in this prime location! (id:56688)
Property Details
Listing ID: 27896324
Address: 142 Higgins Line, St. John's, Newfoundland & Labrador, Canada A1B2Y6
Status: Active
Last updated: a month ago ( Feb 10, 2025 )
Year Built: 1991
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 2
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Carpeted, Ceramic Tile, Mixed Flooring
Living Area Total: 2,560 square feet
Price per sq ft: $167
Tax Annual Amount: $3,360
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Carpeted, Ceramic Tile, Mixed Flooring
Exterior Features: Brick, Vinyl siding
Common Interest: Freehold
Number of photos available: 4
Rurl
Coordinates: [47.591241, -52.728003]
Rooms
| Basement | Laundry room Bath (# pieces 1-6) Not known Not known Not known Laundry room Not known | 8.5x4.0 null 4PC null 10.6x9.0 null 9.7x8.7 null 14.0x14.0 null 4.0x9.0 null 8.9x18.6 null |
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom Kitchen Living room | 4pc 10.0x8.0 null 13.3x10.2 null 11.7x12.3 null 10.8x16.3 null 14.0x20.4 null |
Basic Calculator
First Mortgage: $340,000
Mortgage insurance premium: $0
Total Financing: $340,000
Rough closing fee (1.5%): ~ $6,375
Total downpayment with estimated closing fee: $91,375
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,816 | $33,792 |
| Gross rental income (income/principal ratio) | 0.663% | 7.951% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $532 | $6,384 |
| Vacancy | $141 | $1,690 |
| Management Fee | $226 | $2,704 |
| Expense / Income Ratio | 18.89% | 18.89% |
| Cash Flow | $1,918 | $23,016 |
| Net Operating Income (NOI) | $1,918 | $23,016 |
| Capitalization Rate | 0.45% | 5.42% |
