650 Southside Road
St. John's, NL, A1E1A5
5 Beds | 2 Baths
$420,000
About the property (MLS: 1283397):
Unique Opportunity! Tucked away in the Waterford Valley & on the Waterford River Trail on one of the oldest, historic streets of St. John’s, on the upper portion of Southside Road, this charming bungalow offers timeless appeal w/ modern potential! Step inside to discover gleaming hardwood flooring throughout the 1,560 sqft main floor, warm inviting living room adorned w/ a large bay window that fills w/ natural light, livingroom flows into an open dining room & galley style kitchen w/ built-in appliances, ideal for entertaining! Other features include 4 large bedrooms, main floor laundry, 4-piece bath, connecting hallway suitable for an in-home office or craft room & primary bedroom w/ access to the large patio deck! Downstairs features a blue print & fantastic opportunity for multi generational living w/ it’s near completion thoughtfully designed in-law apartment! With it’s own private entrance the space provides both comfort & independence, ideal for extended family, guests or potential rental income, all designed with practicality & ease of living! The basement is accessible from the outside & out back, the property boasts a generous, tree-lined lot w/ a serene & semi-private setting offering plenty of space for gardening, outdoor entertaining or simply enjoying the peaceful Waterford river! Complemented by a private driveway w/ rear yard access & a detached storage shed, perfect for seasonal gear or a workshop! Home features a classic front façade w/ a welcoming covered porch, very well cared for & maintained, move-in ready, new electrical furnace, new roof w/ ice & water shield, wether you’re a first time home buyer or a growing family, within walking distance to the Waterford trail, schools, daycares, parks, shopping, cafes, restaurants, bakeries makes this property ideal for a buyer looking to be near downtown but away from the hustle. Just down the road is the start of the Trans Canada Travel Trail leading to Bowring Park, don’t miss out, a Pleasure to View! (id:56688)
Property Details
Listing ID: 28148287
Address: 650 Southside Road, St. John's, Newfoundland & Labrador, Canada A1E1A5
Status: Active
Last updated: 22 days ago ( Apr 28, 2025 )
Year Built: 1956
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 5
Baths: 2
1/2 Baths: 0
Heating: Hot water radiator heat, Radiant heat, Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Carpeted, Other
Fencing: Fence
Living Area Total: 3,120 square feet
Price per sq ft: $135
Tax Annual Amount: $2,823
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Dryer, Cooktop, Oven - Built-In, See remarks
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Hot water radiator heat, Radiant heat, Electric
Flooring: Hardwood, Carpeted, Other
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 46
Rurl
Coordinates: [47.53777, -52.731459]
Rooms
| Basement | Not known Not known Bath (# pieces 1-6) Not known Not known Recreation room Bedroom | 9.8x12.3 null 6.3x10.5 null 8.2x10.4 null 15.3x18.8 null 11.4x18.4 null 13.5x28.8 null 12.8x17.3 null |
| Main level | Other Bath (# pieces 1-6) Primary Bedroom Bedroom Bedroom Bedroom Kitchen Laundry room Dining room Living room | 7.2x11.7 null 7.7x13.4 null 13.7x16.7 null 9.4x12.2 null 13.7x16 null 11x12.4 null 9.6x24.2 null x0 null 10.x11.9 null 13.7x20 null |
Basic Calculator
First Mortgage: $336,000
Mortgage insurance premium: $0
Total Financing: $336,000
Rough closing fee (1.5%): ~ $6,300
Total downpayment with estimated closing fee: $90,300
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,433 | $41,196 |
| Gross rental income (income/principal ratio) | 0.817% | 9.809% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $525 | $6,300 |
| Vacancy | $172 | $2,060 |
| Management Fee | $275 | $3,296 |
| Expense / Income Ratio | 15.29% | 15.29% |
| Cash Flow | $2,462 | $29,544 |
| Net Operating Income (NOI) | $2,462 | $29,544 |
| Capitalization Rate | 0.59% | 7.03% |
