76 Patrick Street
St. John's, NL, A1E3B7
2 Beds | 2 Baths
$209,000
About the property (MLS: 1284286):
This is an approved two unit property. With some minor work the open concept main floor could take on your preference for a configurartion. Both units have electric heat and each unit has its own electrical panel, its own laundry room, its own bathroom. and its own entrance. The other unit utilizes both the second floor and third floor. This downtown property is ideally located just minutes walking distance to City Hall, hotels, Water Street, and many amenities. The plumbing has been upgraded to pex piping, vinyl windows have repalced the original windows , the main sewer pipr has been replaced and the roof is about 14 years old. There is a large backyard and it has a lovely new deck on the front. This proeprty lends itself to many possibilities such as live in one unit and rent the other, rent both units, or it could make a fabulous Air B&B. (id:56688)
Property Details
Listing ID: 28233215
Address: 76 Patrick Street, St. John's, Newfoundland & Labrador, Canada A1E3B7
Status: Active
Last updated: 6 days ago ( May 7, 2025 )
Year Built: 1924
Property Type: Single Family
Architectural Style: 3 Level
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 2
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 2,200 square feet
Price per sq ft: $95
Tax Annual Amount: $2,200
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Stove, Dryer
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 11
Rurl
Coordinates: [47.553873, -52.717831]
Rooms
| Basement | Storage | 24 x 23 null |
| Main level | Laundry room Other Bath (# pieces 1-6) | 8 x6 null 20 x20 null 2 pc |
| Third level | Laundry room Bedroom Bedroom | 6 x 6 null 20 x 12 null 10 x 10 null |
| Second level | Bath (# pieces 1-6) Kitchen Living room | 4 pc 14 x 12 null 20 x 12 null |
Basic Calculator
First Mortgage: $167,200
Mortgage insurance premium: $0
Total Financing: $167,200
Rough closing fee (1.5%): ~ $3,135
Total downpayment with estimated closing fee: $44,935
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,420 | $29,040 |
| Gross rental income (income/principal ratio) | 1.158% | 13.895% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $262 | $3,144 |
| Vacancy | $121 | $1,452 |
| Management Fee | $194 | $2,324 |
| Expense / Income Ratio | 10.83% | 10.83% |
| Cash Flow | $1,844 | $22,128 |
| Net Operating Income (NOI) | $1,844 | $22,128 |
| Capitalization Rate | 0.88% | 10.59% |
