49 Lemarchant Road Unit#203
St. John's, NL, A1C2G9
3 Beds | 3 Baths
$449,000
About the property (MLS: 1282520):
Panoramic views of St. John's Harbour and The Narrows from wrap around deck of this corner unit at McKinley Place Condominium. This three bedroom, three bath home includes a private parking space in the building's underground parking garage. Open concept living/dining area, hardwood/ceramic flooring, nine foot ceilings, large windows allowing an abundance of natural light. Monthly condo fees are $460 (id:56688)
Property Details
MLS: 1282520
Listing ID: 28020615
Address: 49 Lemarchant Road Unit#203, St. John's, Newfoundland & Labrador, Canada A1C2G9
Status: Active
Last updated: 6 days ago ( Mar 18, 2025 )
Year Built: 1990
Property Type: Single Family
Ownership Type: Condominium
Beds: 3
Baths: 3
1/2 Baths: 1
Heating: Electric
Sewer: Municipal sewage system
Flooring: Ceramic Tile
Living Area Total: 1,563 square feet
Price per sq ft: $288
Tax Annual Amount: $3,000
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Ceramic Tile
Exterior Features: Brick
Common Interest: Condo/Strata
Association Fee: 460
Number of photos available: 11
Rurl
Coordinates: [47.562575, -52.715903]
Listing ID: 28020615
Address: 49 Lemarchant Road Unit#203, St. John's, Newfoundland & Labrador, Canada A1C2G9
Status: Active
Last updated: 6 days ago ( Mar 18, 2025 )
Year Built: 1990
Property Type: Single Family
Ownership Type: Condominium
Beds: 3
Baths: 3
1/2 Baths: 1
Heating: Electric
Sewer: Municipal sewage system
Flooring: Ceramic Tile
Living Area Total: 1,563 square feet
Price per sq ft: $288
Tax Annual Amount: $3,000
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Ceramic Tile
Exterior Features: Brick
Common Interest: Condo/Strata
Association Fee: 460
Number of photos available: 11
Rurl
Coordinates: [47.562575, -52.715903]
Rooms
| Main level | Bath (# pieces 1-6) Bath (# pieces 1-6) Ensuite Laundry room Dining room Bedroom Bedroom Primary Bedroom Kitchen Living room | B2 null B4 null E4 null 5 x 12 null 13 x 14 null 11.6 x 13.8 null 12 x 14 null 15 x 14 null 13 x 12 null 14 x 14 null |
Basic Calculator
First Mortgage: $359,200
Mortgage insurance premium: $0
Total Financing: $359,200
Rough closing fee (1.5%): ~ $6,735
Total downpayment with estimated closing fee: $96,535
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,720 | $20,640 |
| Gross rental income (income/principal ratio) | 0.383% | 4.597% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $562 | $6,744 |
| Vacancy | $86 | $1,032 |
| Management Fee | $138 | $1,652 |
| Expense / Income Ratio | 32.67% | 32.67% |
| Cash Flow | $935 | $11,220 |
| Net Operating Income (NOI) | $935 | $11,220 |
| Capitalization Rate | 0.21% | 2.50% |
Capitalization Rate: 2.50%
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).): $641,429
