32 Adventure Avenue
St. John's, NL, A1B0K7
5 Beds | 3 Baths
$479,900
About the property (MLS: 1283603):
This immaculate two apartment home is a perfect investment or starter home. The main floor offers three bedrooms, two full baths, plus a family room for main floor unit in the lower level. The primary bedroom features a three piece ensuite plus a walk-in closet. The large open concept kitchen/living area offers stainless steel appliances plus a center island with eating bar overlooking the living area. The two bedroom apartment can help with the mortgage and offers seperate driveway, covered entrance and laundry. This property is situated on a corner lot and is only seconds from Kelsey Drive Shopping Area and is on a bus route. As per Sellers Directive, no offers will be presented until after 6 pm on Saturday April 19th, 2024 (id:56688)
Property Details
Listing ID: 28169203
Address: 32 Adventure Avenue, St. John's, Newfoundland & Labrador, Canada A1B0K7
Status: Active
Last updated: 10 days ago ( Apr 15, 2025 )
Year Built: 2014
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: 3
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 2,490 square feet
Price per sq ft: $193
Tax Annual Amount: $3,370
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 45
Rurl
Coordinates: [47.550954, -52.784029]
Rooms
| Basement | Bath (# pieces 1-6) Bedroom Bedroom Dining room Kitchen Living room Recreation room | B4 null 9.3x9.3 null 12.8x10.11 null 8.8x10.11 null 11.0x10.11 null 12.0x10.11 null 17.5x10.11 null |
| Main level | Bath (# pieces 1-6) Ensuite Bedroom Bedroom Primary Bedroom Not known Living room | B4 null E3 null 11.9x6 null 10.5x10.8 null 13.3x11.5 null 12.8x16 null 13.9x17.4 null |
Basic Calculator
First Mortgage: $383,920
Mortgage insurance premium: $0
Total Financing: $383,920
Rough closing fee (1.5%): ~ $7,199
Total downpayment with estimated closing fee: $103,179
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,739 | $32,868 |
| Gross rental income (income/principal ratio) | 0.571% | 6.849% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $600 | $7,200 |
| Vacancy | $137 | $1,644 |
| Management Fee | $220 | $2,630 |
| Expense / Income Ratio | 21.91% | 21.91% |
| Cash Flow | $1,783 | $21,396 |
| Net Operating Income (NOI) | $1,783 | $21,396 |
| Capitalization Rate | 0.37% | 4.46% |
