25 Tiffany Lane Unit#109
St. John’s, NL, A1A5B4
2 Beds | 2 Baths
$204,900
About the property (MLS: 1282012):
Two bedroom condo with one full and one half bathrooms. Very bright unit with hardwood floors. This building has a live in manager plus a common room for guests and a small storage area for each condo owner. A walking trail around Kenny's Pond is only minutes away. Vacant and ready for immediate possession. NO CONVEYANCE OF ANY WRITTEN SIGNED OFFERS prior to 3:00 pm on March 2nd, 2025. The seller further directs that all offers are to remain open until 8 pm on March 2nd, 2025 (id:56688)
Property Details
MLS: 1282012
Listing ID: 27953291
Address: 25 Tiffany Lane Unit#109, St. John’s, Newfoundland & Labrador, Canada A1A5B4
Status: Active
Last updated: 19 days ago ( Feb 26, 2025 )
Year Built: 1988
Property Type: Single Family
Ownership Type: Condominium
Beds: 2
Baths: 2
1/2 Baths: 1
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Mixed Flooring
Living Area Total: 1,018 square feet
Price per sq ft: $202
Tax Annual Amount: $1,814
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator, Stove
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Baseboard heaters, Electric
Flooring: Hardwood, Mixed Flooring
Exterior Features: Brick
Common Interest: Condo/Strata
Association Fee: 360
Number of photos available: 26
Rurl
Coordinates: [47.588375, -52.714658]
Listing ID: 27953291
Address: 25 Tiffany Lane Unit#109, St. John’s, Newfoundland & Labrador, Canada A1A5B4
Status: Active
Last updated: 19 days ago ( Feb 26, 2025 )
Year Built: 1988
Property Type: Single Family
Ownership Type: Condominium
Beds: 2
Baths: 2
1/2 Baths: 1
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Mixed Flooring
Living Area Total: 1,018 square feet
Price per sq ft: $202
Tax Annual Amount: $1,814
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator, Stove
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Baseboard heaters, Electric
Flooring: Hardwood, Mixed Flooring
Exterior Features: Brick
Common Interest: Condo/Strata
Association Fee: 360
Number of photos available: 26
Rurl
Coordinates: [47.588375, -52.714658]
Rooms
| Main level | Utility room Bath (# pieces 1-6) Bedroom Primary Bedroom Bath (# pieces 1-6) Kitchen Dining room Living room | 7’ 8” x 7’ 9” null 4 Pce null 11’ 11” x 14’ 6 null 10’ x 16’ null 2 Pce null 8’ x 9’ 9” null 9’ 9” x 9’ 11” null 13’ 5” x 16’ 8” null |
Basic Calculator
First Mortgage: $163,920
Mortgage insurance premium: $0
Total Financing: $163,920
Rough closing fee (1.5%): ~ $3,074
Total downpayment with estimated closing fee: $44,054
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,120 | $13,440 |
| Gross rental income (income/principal ratio) | 0.547% | 6.559% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $257 | $3,084 |
| Vacancy | $56 | $672 |
| Management Fee | $90 | $1,076 |
| Expense / Income Ratio | 22.95% | 22.95% |
| Cash Flow | $718 | $8,616 |
| Net Operating Income (NOI) | $718 | $8,616 |
| Capitalization Rate | 0.35% | 4.20% |
Capitalization Rate: 4.20%
After-repair value (ARV) (This is a rule for purchasing and flipping distressed real estate for a profit, which states that the purchase price should be less than 70% of after-repair value (ARV) minus repair costs (rehab).): $292,715
