130 Lemarchant Road Unit#202
St. John's, NL, A1C2H2
2 Beds | 2 Baths
$379,900
About the property (MLS: 1281617):
This beautiful 2 bedroom 2 bathroom Condo is located in the popular COLLEGIAN CONDOMINIUMS in the heart of the city, within walking distance of downtown and all amenities. This condo has high ceilings, stainless steel appliances, floor to ceiling electric fireplace, ensuite bath, walk- in closet, large foyer, renovated white kitchen, custom blinds, hardwood floors, large laundry room, open concept living. One parking space per unit with visitor parking and on side manager (id:56688)
Property Details
MLS: 1281617
Listing ID: 27954637
Address: 130 Lemarchant Road Unit#202, St. John's, Newfoundland & Labrador, Canada A1C2H2
Status: Active
Last updated: 25 days ago ( Feb 26, 2025 )
Year Built: 1960
Property Type: Single Family
Ownership Type: Condominium
Beds: 2
Baths: 2
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Other
Living Area Total: 1,200 square feet
Price per sq ft: $317
Tax Annual Amount: $2,436
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Hardwood, Other
Exterior Features: Brick
Common Interest: Condo/Strata
Association Fee: 487
Number of photos available: 22
Rurl
Coordinates: [47.559151, -52.719305]
Listing ID: 27954637
Address: 130 Lemarchant Road Unit#202, St. John's, Newfoundland & Labrador, Canada A1C2H2
Status: Active
Last updated: 25 days ago ( Feb 26, 2025 )
Year Built: 1960
Property Type: Single Family
Ownership Type: Condominium
Beds: 2
Baths: 2
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Other
Living Area Total: 1,200 square feet
Price per sq ft: $317
Tax Annual Amount: $2,436
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Hardwood, Other
Exterior Features: Brick
Common Interest: Condo/Strata
Association Fee: 487
Number of photos available: 22
Rurl
Coordinates: [47.559151, -52.719305]
Rooms
| Main level | Foyer Laundry room Bath (# pieces 1-6) Ensuite Bedroom Primary Bedroom Kitchen Living room | 6 x 9 null 6 x 6 null 4 pc 4 pc 9 x 12 null 11 x 12 null 12 x 12 null 9 x 12 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 | $1,320 | $15,840 |
| Gross rental income (income/principal ratio) | 0.347% | 4.170% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $475 | $5,700 |
| Vacancy | $66 | $792 |
| Management Fee | $106 | $1,268 |
| Expense / Income Ratio | 35.98% | 35.98% |
| Cash Flow | $674 | $8,088 |
| Net Operating Income (NOI) | $674 | $8,088 |
| Capitalization Rate | 0.18% | 2.13% |
Capitalization Rate: 2.13%
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).): $542,715
