130 Lemarchant Road Unit#207
St John's, NL, A1C2H2
1 Bed | 2 Baths
$225,000
About the property (MLS: 1281839):
Welcome to The Collegian Condominiums, where convenience meets comfort at the doorstep of downtown St. John’s. This charming unit is perfect for first-time home buyers, investors, or those looking to downsize and enjoy maintenance-free living—no more lawn care or snow removal. The spacious primary bedroom features a generous walk-in closet, while a versatile second room is ideal for a home office or hobby area. Enjoy the convenience of in-unit laundry and a well-appointed kitchen with fridge, stove, and dishwasher. The bright and airy living room boasts a great area for entertaining and a main-floor half bath adds extra functionality. Whether you're starting your real estate journey, expanding your portfolio, or seeking an effortless lifestyle, this condo is a fantastic opportunity. Schedule your viewing today! (id:56688)
Property Details
Listing ID: 27923528
Address: 130 Lemarchant Road Unit#207, St John's, Newfoundland & Labrador, Canada A1C2H2
Status: Active
Last updated: a month ago ( Feb 18, 2025 )
Year Built: 1960
Property Type: Single Family
Ownership Type: Condominium
Beds: 1
Baths: 2
1/2 Baths: 1
Heating: Baseboard heaters
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,099 square feet
Price per sq ft: $205
Tax Annual Amount: $2,175
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator, Stove
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters
Flooring: Mixed Flooring
Exterior Features: Brick
Common Interest: Condo/Strata
Association Fee: 464.93
Number of photos available: 21
Rurl
Coordinates: [47.559081, -52.71966]
Rooms
| Basement | Bath (# pieces 1-6) Bedroom | 5' X 5'6 null 14'6 X 15'4 null |
| Main level | Bath (# pieces 1-6) Living room Kitchen | 4'11 X 5'3 null 18'10 X 15'4 null 9'11 X 8'8 null |
Basic Calculator
First Mortgage: $180,000
Mortgage insurance premium: $0
Total Financing: $180,000
Rough closing fee (1.5%): ~ $3,375
Total downpayment with estimated closing fee: $48,375
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,209 | $14,508 |
| Gross rental income (income/principal ratio) | 0.537% | 6.448% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $282 | $3,384 |
| Vacancy | $61 | $726 |
| Management Fee | $97 | $1,161 |
| Expense / Income Ratio | 23.33% | 23.33% |
| Cash Flow | $770 | $9,240 |
| Net Operating Income (NOI) | $770 | $9,240 |
| Capitalization Rate | 0.34% | 4.11% |
