7 Logy Bay Road
St. John's, NL, A1A1J2
4 Beds | 2 Baths
$399,900
About the property (MLS: 1282399):
Located in the highly sought-after east end of St. John’s, 7 Logy Bay Road offers an excellent opportunity for homeowners and investors alike. This well-maintained two-apartment home has seen numerous upgrades in recent years, ensuring modern comfort and appeal. The main unit features a spacious three-bedroom, one-bathroom layout, while the apartment includes one bedroom, one bathroom, and an additional office space—perfect for rental income or multigenerational living. Outside, the fully fenced yard provides privacy and includes a detached shed, a charming gazebo, and a relaxing hot tub. With its prime location and desirable features, this property is a fantastic investment or place to call home. No conveyance of any written offers until 8 PM on Sunday March 16, 2025. All offers are to remain open for acceptance until 11:59 PM on Sunday March 16, 2025, as per sellers direction. (id:56688)
Property Details
Listing ID: 28012406
Address: 7 Logy Bay Road, St. John's, Newfoundland & Labrador, Canada A1A1J2
Status: Active
Last updated: 11 days ago ( Mar 12, 2025 )
Year Built: 1965
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: Two Apartment House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 4
Baths: 2
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Laminate, Other
Living Area Total: 2,064 square feet
Price per sq ft: $194
Tax Annual Amount: $2,543
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Dishwasher, Microwave
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Hardwood, Laminate, Other
Fireplace Features: Insert, Propane
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 33
Rurl
Coordinates: [47.582522, -52.703576]
Rooms
| Basement | Bath (# pieces 1-6) Not known Not known Not known Not known | 9 x 5.8 null 11 x 19 null 11.2 x 11.1 null 6.9 x 11 null 8.9 x 11 null |
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom Kitchen Dining room Living room | 8.1 x 5 null 11.8 x 9.4 null 8 x 11 null 11.9 x 10.9 null 14.1 x 9.6 null 9.3 x 12.4 null 11.8 x 19.7 null |
Basic Calculator
First Mortgage: $319,920
Mortgage insurance premium: $0
Total Financing: $319,920
Rough closing fee (1.5%): ~ $5,999
Total downpayment with estimated closing fee: $85,979
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,271 | $27,252 |
| Gross rental income (income/principal ratio) | 0.568% | 6.815% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $500 | $6,000 |
| Vacancy | $114 | $1,363 |
| Management Fee | $182 | $2,181 |
| Expense / Income Ratio | 22.02% | 22.02% |
| Cash Flow | $1,476 | $17,712 |
| Net Operating Income (NOI) | $1,476 | $17,712 |
| Capitalization Rate | 0.37% | 4.43% |
