About the property (MLS: 1281899):
WITH MAIN FLOOR IN-LAW APARTMENT. Beautifully updated three storey home located on a prime one-way street in the heart of downtown, St. John's. Extensively renovated over the years, this semi detached 2-apartment property is ideal as an investment property or for a buyer looking to generate excellent income from the main floor apartment as either an airbnb or long term rental. The main floor 1 bed, 1 bath apartment has ~9 foot ceilings, original hardwood flooring, front living room with exposed brick, spacious bedroom, updated bathroom (2 separate rooms for shower and toilet/sink), eat-in kitchen and back storage porch area that has direct access to a ground level courtyard area for entertaining & barbequing etc. The second level has 2 beds & 1 bath and has been tastefully updated with fresh paint and refinished flooring throughout. The huge, bright kitchen has newer hardwood flooring, modern cabinets, laundry and patio doors that lead to a private back deck. There is also a formal dining area and large living room space with loads of natural light and beautifully refinished hardwood flooring. The 3rd level features the primary bedroom with a large walk-in closet, a decent sized second bedroom, new laminate vinyl plank flooring in the hallway and a sweet bath with a large soaker tub. Located on a sought after downtown street in a quiet and established neighbourhood and within walking distance to everything that downtown living offers makes this property ideal as an investment property or a buyer interested in generating income to supplement a mortgage payment. (id:56688)
Property Details
Listing ID: 27937862
Address: 3 Bond Street, St. John's, Newfoundland & Labrador, Canada A1C1S2
Status: Active
Last updated: 2 days ago ( Mar 22, 2025 )
Year Built: 1900
Property Type: Single Family
Architectural Style: 3 Level
Structure Type: House
Ownership Type: Freehold
Number of stories: 3
Number of Levels: 3
Beds: 3
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Laminate, Other
Living Area Total: 1,800 square feet
Price per sq ft: $212
Tax Annual Amount: $2,002
Tax Year: 2025
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: Stone, Concrete
Heating: Baseboard heaters, Electric
Flooring: Hardwood, Laminate, Other
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 45
Rurl
Coordinates: [47.570162, -52.703983]
Rooms
Third level | Other Bedroom Primary Bedroom Bath (# pieces 1-6) | 6'11x6'4 null 9'4x8'6 null 12'2x10/7 null 3pc |
Second level | Living room Dining room Kitchen | 12'1x9'6 null 12x9'3 null 17'10x8'9 null |
Main level | Not known Bath (# pieces 1-6) Not known Not known | 12x10'7 null 3pc 12'3x8'8 null 13'4x9'2 null |
Basic Calculator
First Mortgage: $303,920
Mortgage insurance premium: $0
Total Financing: $303,920
Rough closing fee (1.5%): ~ $5,699
Total downpayment with estimated closing fee: $81,679
Investment Calculator:
Monthly | Yearly | |
---|---|---|
Gross Revenue | $1,981 | $23,772 |
Gross rental income (income/principal ratio) | 0.521% | 6.257% |
Mortgage | $0 | $0 |
Monthly Expenses | $475 | $5,700 |
Vacancy | $100 | $1,189 |
Management Fee | $159 | $1,902 |
Expense / Income Ratio | 23.98% | 23.98% |
Cash Flow | $1,249 | $14,988 |
Net Operating Income (NOI) | $1,249 | $14,988 |
Capitalization Rate | 0.33% | 3.95% |