162 Great Eastern Avenue
St. John's, NL, A1B0J7
5 Beds | 3 Baths
$499,900
About the property (MLS: 1283572):
An excellent opportunity for both investors and owner-occupiers alike, this immaculate two-apartment home offers versatility, comfort, and income potential. Located in a sought-after area, the property boasts the added bonus of an attached garage for the main unit—perfect for storage or secure parking. The main floor features a spacious and functional layout with three generously sized bedrooms, including a primary suite complete with a full ensuite and walk-in closet. The large kitchen is ideal for entertaining, showcasing a peninsula with a built-in eating area, ample cabinet space, and modern finishes. A bright living room and dedicated dining space make this unit feel warm and inviting. The well-designed lower-level apartment has its own covered entrance, providing privacy for tenants or guests. This unit includes two large bedrooms, a spacious open-concept kitchen, dining, and living area with abundant cabinetry, separate laundry, and ample storage. There's also dedicated parking for the apartment, making it convenient and attractive for renters. This well-maintained home presents a fantastic opportunity to generate rental income while enjoying comfortable living in a modern, move-in-ready space. As per seller direction no conveyance of any offers until 4pm Tuesday April 15th. (id:56688)
Property Details
Listing ID: 28154472
Address: 162 Great Eastern Avenue, St. John's, Newfoundland & Labrador, Canada A1B0J7
Status: Active
Last updated: 10 days ago ( Apr 15, 2025 )
Year Built: 2012
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 3
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Carpeted, Other, Mixed Flooring
Living Area Total: 2,400 square feet
Price per sq ft: $209
Tax Annual Amount: $3,375
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator, Stove
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Laminate, Carpeted, Other, Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 33
Rurl
Coordinates: [47.544178, -52.801021]
Rooms
| Basement | Bath (# pieces 1-6) Bedroom Bedroom Living room Not known Porch Laundry room | 4PC null 9.7 X 12.4 null 13.6 X 11 null 15 X 11 null 19 X 13.3 null 11.2 X 4 null 14 X 9 null |
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Ensuite Primary Bedroom Eating area Kitchen Living room | 4PC null 10.4 X 10.3 null 10.4 X 10.8 null 4PC null 13.5 X 12.2 null 11.3 X 10 null 11 X 11.3 null 15 X 13 null |
Basic Calculator
First Mortgage: $399,920
Mortgage insurance premium: $0
Total Financing: $399,920
Rough closing fee (1.5%): ~ $7,499
Total downpayment with estimated closing fee: $107,479
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,640 | $31,680 |
| Gross rental income (income/principal ratio) | 0.528% | 6.337% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $625 | $7,500 |
| Vacancy | $132 | $1,584 |
| Management Fee | $212 | $2,535 |
| Expense / Income Ratio | 23.67% | 23.67% |
| Cash Flow | $1,672 | $20,064 |
| Net Operating Income (NOI) | $1,672 | $20,064 |
| Capitalization Rate | 0.33% | 4.01% |
