43 Brine Street
St. John's, NL, A1E2T3
2 Beds | 3 Baths
$319,900
About the property (MLS: 1284264):
Nestled on a spacious double lot with a fenced in yard, this updated three-story home offers both comfort and potential. The paved driveway provides convenient rear yard access and also sits on a lot with future development possibilities. The in-house garage provides protection from the elements and ample storage. On the ground floor, you’ll find ceramic tile throughout, the attached garage, a half bath, and a laundry area that opens directly to the backyard and patio. The second level showcases hardwood floors and a bright, open-concept layout connecting the kitchen, dining, and living areas, along with an additional half bath. Upstairs, the third floor features a full bath, a spacious primary bedroom, and a second bedroom. The home has seen several recent upgrades, including a new roof, vinyl windows, a new garage door and back door, a stylish kitchen backsplash, a hot water boiler, fresh paint throughout, and new carpet on the stairs. Great potential here with the adjacent building lot and the location is great for an air bnb. Will be vacant upon closing. (id:56688)
Property Details
Listing ID: 28227705
Address: 43 Brine Street, St. John's, Newfoundland & Labrador, Canada A1E2T3
Status: Active
Last updated: 8 days ago ( May 13, 2025 )
Year Built: 1993
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 2
Baths: 3
1/2 Baths: 2
Heating: Electric
Sewer: Municipal sewage system
Flooring: Laminate, Mixed Flooring
Living Area Total: 1,392 square feet
Price per sq ft: $230
Tax Annual Amount: $1,700
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Dishwasher, Stove, Dryer
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Laminate, Mixed Flooring
Exterior Features: Stone, Vinyl siding
Common Interest: Freehold
Number of photos available: 19
Rurl
Coordinates: [47.554809, -52.716936]
Rooms
| Third level | Bath (# pieces 1-6) Bedroom Bedroom | full null 12 x 10 null 11 x 15 null |
| Second level | Bath (# pieces 1-6) Living room/Dining room | 1/2 null 12 x 25.1 null |
| Lower level | Laundry room Not known Bath (# pieces 1-6) | 10.8 x 7.2 null 18 x 10 null 1/2 null |
Basic Calculator
First Mortgage: $255,920
Mortgage insurance premium: $0
Total Financing: $255,920
Rough closing fee (1.5%): ~ $4,799
Total downpayment with estimated closing fee: $68,779
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,532 | $18,384 |
| Gross rental income (income/principal ratio) | 0.479% | 5.747% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $400 | $4,800 |
| Vacancy | $77 | $920 |
| Management Fee | $123 | $1,471 |
| Expense / Income Ratio | 26.11% | 26.11% |
| Cash Flow | $933 | $11,196 |
| Net Operating Income (NOI) | $933 | $11,196 |
| Capitalization Rate | 0.29% | 3.50% |
