205 Cheeseman Drive
St John's, NL, A1H0G8
4 Beds | 3 Baths
$619,900
About the property (MLS: 1283404):
Welcome 205 Cheeseman Drive! This fully developed - registered 2 apartment home is situation on a fully fenced oversized lot with rear yard access backing onto Glendenning Golf Course. Enjoy the privacy & sun all day in your backyard. The main level features 9ft ceilings with mini split and a open concept design ( kitchen , living room complete with new custom wall propane fireplace & dining area ), primary bedroom, full ensuite with custom shower & walk in closet , 2 additional bedrooms, main bath & main floor laundry. The basement features an above ground large rec room and access to the attached 19.8x14.8 attached garage. The home is fully equipped with surround sound. The ceramic tile in the foyer & bathrooms include in floor heating. The ground level walk in apartment features an open concept design ( kitchen , dining, living room) , one spacious bedroom , bath & laundry. The large windows brings in loads of natural light. The apt is rented for $1250 mth POU and the main level currently has a tenant. Note: ( New front step railing has been installed since the outside photo was taken, it has to dry before staining) As per sellers direction no conveyance of written offers prior to 6pm on April 10th, offers are to remain open until 10pm on April 10th. (id:56688)
Property Details
Listing ID: 28131296
Address: 205 Cheeseman Drive, St John's, Newfoundland & Labrador, Canada A1H0G8
Status: Active
Last updated: 15 days ago ( Apr 29, 2025 )
Year Built: 2016
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 4
Baths: 3
1/2 Baths: 0
Heating: Electric, Propane
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Fencing: Fence
Living Area Total: 2,630 square feet
Price per sq ft: $236
Tax Annual Amount: $4,778
Garage? Yes
Attached Garage? Yes
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, Propane
Flooring: Mixed Flooring
Fireplace Features: Insert, Propane
Exterior Features: Wood shingles, Vinyl siding
Common Interest: Freehold
Number of photos available: 27
Rurl
Coordinates: [47.492149, -52.82764]
Rooms
| Other | Living room Bath (# pieces 1-6) Bedroom Kitchen Foyer | 15 x 13 null 7.6 x 6.7 null 11 x 11.8 null 20 x 9.7 null 6.2 x 4.9 null |
| Basement | Recreation room | 14.8 x 14 null |
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Ensuite Primary Bedroom Dining room Living room Kitchen | 7.6 x 6.7 null 13.8 x 10 null 13.8 x 10 null 8.3 x 6 null 14.9 x 12.9 null 8.8 x 12.6 null 15.8 x 17.3 null 13.7 x 9.3 null |
Basic Calculator
First Mortgage: $495,920
Mortgage insurance premium: $0
Total Financing: $495,920
Rough closing fee (1.5%): ~ $9,299
Total downpayment with estimated closing fee: $133,279
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,894 | $34,728 |
| Gross rental income (income/principal ratio) | 0.467% | 5.602% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $775 | $9,300 |
| Vacancy | $145 | $1,737 |
| Management Fee | $232 | $2,779 |
| Expense / Income Ratio | 26.78% | 26.78% |
| Cash Flow | $1,743 | $20,916 |
| Net Operating Income (NOI) | $1,743 | $20,916 |
| Capitalization Rate | 0.28% | 3.37% |
