97 Mayor Avenue
St.John's, NL, A1C4P3
6 Beds | 3 Baths
$299,900
About the property (MLS: 1282453):
2 apartment home with 6 bedrooms and 3 bathrooms. Excellent investment or mortgage helper. Walk to Memorial University, downtown and Churchill Square. 4 good sized bedrooms and 2 bathrooms on the main floor with the primary bedroom having its own bathroom and shower. The large basement apartment has 2 bedrooms and a den. Spacious open concept living room and kitchen. Many recent upgrades including a new Electric furnace, new 200 amp panel on the main floor. New light fixtures, painted, new furniture. Selling fully furnished. As per the Seller's Direction, no offers will be presented before 3:00 P.M. on March 17 2025 and all offers to be left open until 8:00 P.m. on March 17 2025. (id:56688)
Property Details
Listing ID: 28012421
Address: 97 Mayor Avenue, St.John's, Newfoundland & Labrador, Canada A1C4P3
Status: Active
Last updated: 4 days ago ( Mar 12, 2025 )
Year Built: 1963
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 6
Baths: 3
1/2 Baths: 0
Heating: Hot water radiator heat, Radiant heat, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Mixed Flooring
Living Area Total: 1,839 square feet
Price per sq ft: $164
Tax Annual Amount: $1,884
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Dryer
Water Source: Municipal water
Heating: Hot water radiator heat, Radiant heat, Electric
Flooring: Laminate, Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 33
Rurl
Coordinates: [47.567322, -52.721663]
Rooms
| Basement | Utility room Den Bedroom Bedroom Not known Not known | 10.11x7.8 null 7.1x5.8 null 11.11x7.7 null 11.11x9.6 null 12.3x13.5 null 10.10x13.5 null |
| Main level | Laundry room Bedroom Bedroom Bedroom Primary Bedroom Kitchen Living room | 13.1x5.1 null 9.8x8.6 null 9.11x10.11 null 9.11x13.11 null 9.8x13.7 null 9.8x10.1 null 14.3x10.7 null |
Basic Calculator
First Mortgage: $239,920
Mortgage insurance premium: $0
Total Financing: $239,920
Rough closing fee (1.5%): ~ $4,499
Total downpayment with estimated closing fee: $64,479
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,023 | $24,276 |
| Gross rental income (income/principal ratio) | 0.675% | 8.095% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $375 | $4,500 |
| Vacancy | $102 | $1,214 |
| Management Fee | $162 | $1,943 |
| Expense / Income Ratio | 18.54% | 18.54% |
| Cash Flow | $1,386 | $16,632 |
| Net Operating Income (NOI) | $1,386 | $16,632 |
| Capitalization Rate | 0.46% | 5.55% |
