130 Lemarchant Road Unit#405
St. John's, NL, A1C2H2
2 Beds | 2 Baths
$339,900
About the property (MLS: 1281616):
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 building has an ELEVATOR. This condo has high ceilings, stainless steel appliances, ensuite whirlpool bath, walk-in closet, large foyer, modern kitchen, custom blinds, Newfoundland Birch floors, large laundry room, open concept living. One parking space per unit with visitor parking. (id:56688)
Property Details
MLS: 1281616
Listing ID: 27954638
Address: 130 Lemarchant Road Unit#405, 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: 1,100 square feet
Price per sq ft: $309
Tax Annual Amount: $2,063
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: 442
Number of photos available: 19
Rurl
Coordinates: [47.559064, -52.719348]
Listing ID: 27954638
Address: 130 Lemarchant Road Unit#405, 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: 1,100 square feet
Price per sq ft: $309
Tax Annual Amount: $2,063
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: 442
Number of photos available: 19
Rurl
Coordinates: [47.559064, -52.719348]
Rooms
| Main level | Bath (# pieces 1-6) Bath (# pieces 1-6) Dining room Bedroom Primary Bedroom Kitchen Living room | 4 pc 3 pc 7 x 10.6 null 9 x 12 null 11.5 x 17.5 null 11 x 12.5 null 14 x 19 null |
Basic Calculator
First Mortgage: $271,920
Mortgage insurance premium: $0
Total Financing: $271,920
Rough closing fee (1.5%): ~ $5,099
Total downpayment with estimated closing fee: $73,079
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,210 | $14,520 |
| Gross rental income (income/principal ratio) | 0.356% | 4.272% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $425 | $5,100 |
| Vacancy | $61 | $726 |
| Management Fee | $97 | $1,162 |
| Expense / Income Ratio | 35.12% | 35.12% |
| Cash Flow | $628 | $7,536 |
| Net Operating Income (NOI) | $628 | $7,536 |
| Capitalization Rate | 0.18% | 2.22% |
Capitalization Rate: 2.22%
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).): $485,572
