71 Mayor Avenue
St. John's, NL, A1C0A3
3 Beds | 1 Bath
$209,900
About the property (MLS: 1281780):
Welcome to 71 Mayor Avenue. This semi-detached home offers affordable living with a central city location. As a previously successful Airbnb, this property could be a versatile investment. The main floor features a large living area and adjacent formal dining room, efficiently heated and cooled with a mini split heat pump. The kitchen has refinished cabinetry with ample storage. The upstairs boasts 3 bedrooms, second floor laundry and large 4 piece bathroom. The basement is partially finished with a low ceiling, but a perfect additional storage area. The backyard is fenced and has a ground level deck. This home is conveniently located near shopping, grocery stores, MUN, and downtown amenities. Reach out today for your viewing opportunity! (id:56688)
Property Details
Listing ID: 27958516
Address: 71 Mayor Avenue, St. John's, Newfoundland & Labrador, Canada A1C0A3
Status: Active
Last updated: 24 days ago ( Feb 27, 2025 )
Year Built: 1950
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 3
Baths: 1
1/2 Baths: 0
Heating: Baseboard heaters
Sewer: Municipal sewage system
Flooring: Laminate, Ceramic Tile, Mixed Flooring
Fencing: Partially fenced
Living Area Total: 1,236 square feet
Price per sq ft: $170
Tax Annual Amount: $1,744
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters
Flooring: Laminate, Ceramic Tile, Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 15
Rurl
Coordinates: [47.566512, -52.72096]
Rooms
| Second level | Bath (# pieces 1-6) Bedroom Bedroom Bedroom | 7x7 null 15x7 null 10.6x10.6 null 12x12 null |
| Main level | Living room Dining room Kitchen | 12.5x12 null 12x12 null 10x7 null |
Basic Calculator
First Mortgage: $167,920
Mortgage insurance premium: $0
Total Financing: $167,920
Rough closing fee (1.5%): ~ $3,149
Total downpayment with estimated closing fee: $45,129
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,360 | $16,320 |
| Gross rental income (income/principal ratio) | 0.648% | 7.775% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $263 | $3,156 |
| Vacancy | $68 | $816 |
| Management Fee | $109 | $1,306 |
| Expense / Income Ratio | 19.34% | 19.34% |
| Cash Flow | $921 | $11,052 |
| Net Operating Income (NOI) | $921 | $11,052 |
| Capitalization Rate | 0.44% | 5.27% |
