39 Queens Road Unit#9
St. John's, NL, A1C2A6
2 Beds | 2 Baths
$300,000
About the property (MLS: 1282089):
Available immediately this 2 bedroom 2 bath condo is located in the heart of downtown within walking distance to work, nightlife, shopping etc. The condo itself is very functional with an open concept living room that leads to a wonderful working kitchen and dining room. The bonus of a den makes this amazing condo living especially with the convenience of a 2 pc bath plus your own laundry facilities. Upstairs has 2 well appointed bedrooms plus full bath. (id:56688)
Property Details
MLS: 1282089
Listing ID: 27959395
Address: 39 Queens Road Unit#9, St. John's, Newfoundland & Labrador, Canada A1C2A6
Status: Active
Last updated: 6 days ago ( Mar 17, 2025 )
Year Built: 1987
Property Type: Single Family
Ownership Type: Condominium
Beds: 2
Baths: 2
1/2 Baths: 1
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,368 square feet
Price per sq ft: $220
Tax Annual Amount: $2,300
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator, Dishwasher, Stove
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Other
Common Interest: Condo/Strata
Association Fee: 569
Number of photos available: 19
Rurl
Coordinates: [47.566581, -52.709268]
Listing ID: 27959395
Address: 39 Queens Road Unit#9, St. John's, Newfoundland & Labrador, Canada A1C2A6
Status: Active
Last updated: 6 days ago ( Mar 17, 2025 )
Year Built: 1987
Property Type: Single Family
Ownership Type: Condominium
Beds: 2
Baths: 2
1/2 Baths: 1
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,368 square feet
Price per sq ft: $220
Tax Annual Amount: $2,300
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator, Dishwasher, Stove
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Other
Common Interest: Condo/Strata
Association Fee: 569
Number of photos available: 19
Rurl
Coordinates: [47.566581, -52.709268]
Rooms
| Second level | Bedroom Primary Bedroom | 10x13 null 12x13 null |
| Main level | Den Kitchen Dining room Living room | 10x12 null 9x13 null 12x17 null 12x19 null |
Basic Calculator
First Mortgage: $240,000
Mortgage insurance premium: $0
Total Financing: $240,000
Rough closing fee (1.5%): ~ $4,500
Total downpayment with estimated closing fee: $64,500
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,505 | $18,060 |
| Gross rental income (income/principal ratio) | 0.502% | 6.020% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $375 | $4,500 |
| Vacancy | $76 | $903 |
| Management Fee | $121 | $1,445 |
| Expense / Income Ratio | 24.92% | 24.92% |
| Cash Flow | $935 | $11,220 |
| Net Operating Income (NOI) | $935 | $11,220 |
| Capitalization Rate | 0.31% | 3.74% |
Capitalization Rate: 3.74%
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).): $428,572
