44 Alice Drive
St. John's, NL, A1B4N9
5 Beds | 2 Baths
$399,900
About the property (MLS: 1282330):
2 Apartment home located at 44 Alice Drive walking distance to CONA & Marine Institute & close to MUN. This home has a new roof 2021, the basement apartment was renovated completely in 2020 & just been repainted. The main unit has newer flooring as well plus 3 bedrooms on the main, living room, dining room & kitchen. Also has a ground level patio. The basement apartment shows like new & has a very nice open concept layout plus 2 bedrooms & bath. When you hear the words, location, location, location... This is it! Great investment opportunity awaits... (id:56688)
Property Details
Listing ID: 28076905
Address: 44 Alice Drive, St. John's, Newfoundland & Labrador, Canada A1B4N9
Status: Active
Last updated: 2 months ago ( Mar 26, 2025 )
Year Built: 1993
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: Two Apartment House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 5
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Other, Mixed Flooring
Living Area Total: 2,300 square feet
Price per sq ft: $174
Tax Annual Amount: $2,375
Tax Year: 2025
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: Baseboard heaters, Electric
Flooring: Laminate, Other, Mixed Flooring
Exterior Features: Wood shingles, Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 15
Rurl
Coordinates: [47.593681, -52.732496]
Rooms
| Basement | Bath (# pieces 1-6) Bedroom Bedroom Living room Kitchen Family room | 4PC null 14.6x10 null 10x8 null 17x13.6 null 13.6x13.6 null 18.6x14.6 null |
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom Kitchen Dining room Living room | 4PC null 15x7.6 null 15x9.6 null 14x12.6 null 14x12 null 14x10 null 19x15 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 | $2,530 | $30,360 |
| Gross rental income (income/principal ratio) | 0.633% | 7.592% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $500 | $6,000 |
| Vacancy | $127 | $1,518 |
| Management Fee | $203 | $2,429 |
| Expense / Income Ratio | 19.76% | 19.76% |
| Cash Flow | $1,702 | $20,424 |
| Net Operating Income (NOI) | $1,702 | $20,424 |
| Capitalization Rate | 0.43% | 5.11% |
