16 Johnson Crescent
St John's, NL, A1B2J4
4 Beds | 2 Baths
$389,000
About the property (MLS: 1281762):
This registered two-apartment Main unit available for immediate possession. Can make a great investment property or family home for you to move into features a 3 bedroom, 1 bath 1180 square foot main level apartment that has original oak hardwood flooring throughout, bright living and dining area, large kitchen with access to the backyard, and main floor laundry. The basement unit is a spacious one of a kind apartment that has been fully renovated to the studs in 2019 with new kitchen, 4 piece bath with a Jet tub, flooring & fixtures, Electric fireplace in the living room and has a bonus home office/den and will include most of the furniture (inquire for full list of inclusions). The Property has a potential for generating steady rental income, with the main floor apartment previously rented for $2000/month (POU). The basement apartment, which is leased until August 2025, is renting for $1200/month (POU). Making this an ideal turn-key investment opportunity. Located in the highly desirable east end of St. John's, the property is within walking distance of the College of the North Atlantic, Marine Institute, and YMCA, and just a short drive to Memorial University and the Health Sciences Centre. The prime location offers excellent access to major roadways, public transportation, and local amenities. Additionally, the property backs onto Fox Avenue Park, providing a peaceful outdoor family setting. With reliable rental income and tenants who wish to stay, this property offers a strong investment potential in a high-demand rental market. It also presents a great opportunity for a first-time home-buyer looking to supplement their mortgage with a sought-after basement apartment. (id:56688)
Property Details
Listing ID: 27916617
Address: 16 Johnson Crescent, St John's, Newfoundland & Labrador, Canada A1B2J4
Status: Active
Last updated: 2 days ago ( Mar 14, 2025 )
Year Built: 1967
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: 2
1/2 Baths: 0
Heating: Hot water radiator heat, Radiant heat, Oil, Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Laminate
Fencing: Fence
Living Area Total: 2,360 square feet
Price per sq ft: $165
Tax Annual Amount: $0
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Stove, Dryer
Water Source: Municipal water
Foundation Details: Concrete
Heating: Hot water radiator heat, Radiant heat, Oil, Electric
Flooring: Hardwood, Laminate
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 26
Rurl
Coordinates: [47.591147, -52.73012]
Rooms
| Basement | Storage Bath (# pieces 1-6) Not known Bedroom Kitchen Dining room Living room | 6.5 x 4.9 null 4 PC null 11.10 x 6.9 null 12.2 x 9.1 null 10.1 x 8.4 null 10.5 x 8.5 null 14.6 x 9.5 null |
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom Kitchen Dining room Living room | B4 null 9.9 x 9.9 null 9.5 x 8.8 null 11.9 x 10.9 null 15.9 x 10.8 null 9.9 x 8.9 null 14.2 x 12.8 null |
Basic Calculator
First Mortgage: $311,200
Mortgage insurance premium: $0
Total Financing: $311,200
Rough closing fee (1.5%): ~ $5,835
Total downpayment with estimated closing fee: $83,635
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,596 | $31,152 |
| Gross rental income (income/principal ratio) | 0.667% | 8.008% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $487 | $5,844 |
| Vacancy | $130 | $1,558 |
| Management Fee | $208 | $2,493 |
| Expense / Income Ratio | 18.76% | 18.76% |
| Cash Flow | $1,772 | $21,264 |
| Net Operating Income (NOI) | $1,772 | $21,264 |
| Capitalization Rate | 0.46% | 5.47% |
