34 Quidi Vidi Road
St. John's, NL, A1A1C1
3 Beds | 2 Baths
$275,000
About the property (MLS: 1282353):
This one is a WOW. Finally an affordable downtown home that is ideal for an owner occupied and is also a renovators dream. Perfectly located at the foot of Signal Hill, next to the Battery, mere footsteps from Downtown, Quidi Vidi Lake and Belbin's Grocery you could not be better located. On top of that the home is detached and has a sizable off street parking space. Step inside, the main floor offers a separate foyer, huge living room, eat in kitchen, laundry and storage. The second floor has a massive primary bedroom with full ensuite and the 3rd floor has 2 spacious bedrooms and 3 piece bath. The home has undergone a series of upgrades over the years by previous owners with vinyl windows, 100AMP electrical breakers, kitchen and more. The potential to make this a real gem is massive with the highly desirable Howe Place, St. Joseph's Lane and Forest Road neighborhood values right next door. Information about the redevelopment next door at 40 Quidi Vidi Road can be found at https://woodfordarchitecture.ca/project/first-light-headquarters/ (id:56688)
Property Details
Listing ID: 28001632
Address: 34 Quidi Vidi Road, St. John's, Newfoundland & Labrador, Canada A1A1C1
Status: Active
Last updated: 3 days ago ( Mar 14, 2025 )
Year Built: 1925
Property Type: Single Family
Architectural Style: 3 Level
Structure Type: House
Ownership Type: Freehold
Number of stories: 3
Number of Levels: 3
Beds: 3
Baths: 2
1/2 Baths: 0
Heating: Hot water radiator heat, Oil
Sewer: Municipal sewage system
Flooring: Laminate, Ceramic Tile
Living Area Total: 1,480 square feet
Price per sq ft: $186
Tax Annual Amount: $1,990
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Stove, Dryer
Water Source: Municipal water
Foundation Details: Concrete
Heating: Hot water radiator heat, Oil
Flooring: Laminate, Ceramic Tile
Exterior Features: Aluminum siding, Vinyl siding
Common Interest: Freehold
Number of photos available: 27
Rurl
Coordinates: [47.572654, -52.697575]
Rooms
| Third level | Bath (# pieces 1-6) Bedroom Bedroom | 3pc 10.0x12.6 null 10.6x12.6 null |
| Second level | Ensuite Primary Bedroom | 4pc 12.8x21.0 null |
| Main level | Storage Laundry room Not known Living room Foyer | 7.10x7.0 null 6.11x5.11 null 9.9x22.10 null 12.8x20.1 null 3.2x3.6 null |
Basic Calculator
First Mortgage: $220,000
Mortgage insurance premium: $0
Total Financing: $220,000
Rough closing fee (1.5%): ~ $4,125
Total downpayment with estimated closing fee: $59,125
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,629 | $19,548 |
| Gross rental income (income/principal ratio) | 0.592% | 7.108% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $344 | $4,128 |
| Vacancy | $82 | $978 |
| Management Fee | $131 | $1,564 |
| Expense / Income Ratio | 21.12% | 21.12% |
| Cash Flow | $1,074 | $12,888 |
| Net Operating Income (NOI) | $1,074 | $12,888 |
| Capitalization Rate | 0.39% | 4.69% |
