119-121 Long's Hill
St. John's, NL, A1B4L3
2 Beds | 1 Bath
$392,400
About the property (MLS: 1284250):
EXCEPTIONAL INVESTMENT OPPORTUNITY (34% annualized Return On Investment) This exceptionally well maintained property on Longs Hill offers one of the best locations in the city for high visibility and excellent traffic exposure. Ideal for professional offices, retail, or any business looking to benefit from prominent exposure, this three-story refurbished building provides versatility and value. MAIN FLOOR COMMERCIAL OFFICE:(2 YEAR LEASE IN PLACE) •Spacious, open-plan office at street level •Wheelchair accessible •Partially furnished reception/office area with desks, credenzas, and chairs •Large boardroom equipped with a table, six chairs, and a credenza •Convenient ½ bath •Kitchenette with table, stools, microwave, and more •Expansive basement, perfect for dry storage, with insulated walls and strapped ceiling TOP FLOOR EXECUTIVE APARTMENT:( currently rented at $2,600/mo until July 31,2025) •Generous 1,360 SF, two-story, fully furnished executive apartment •Newly painted throughout with IKEA kitchen •Two large bedrooms, each featuring walk-in closets •Newly updated 3-piece bathroom •New laminate and hardwood flooring, plus new quality carpeting on the stairs •New window blinds •Fully equipped with six appliances: fridge, stove, microwave, dishwasher, washer, and dryer •Stunning harbour views from the upper level •Parking permit available for side street parking Whether you’re looking for a prime commercial space or a live-in investment opportunity, this property offers both in a highly sought-after location. Don’t miss out on this unique chance to own a versatile, exceptionally maintained, fully leased income-generating property! Be sure to check out the 3D Virtual Tour. HST if applicable is the responsibility of the purchaser. (id:56688)
Property Details
Listing ID: 28239317
Address: 119-121 Long's Hill, St. John's, Newfoundland & Labrador, Canada A1B4L3
Status: Active
Last updated: 10 hours ago ( May 20, 2025 )
Year Built: 1925
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: Two Apartment House
Ownership Type: Freehold
View: Ocean view, View
Beds: 2
Baths: 1
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Laminate, Ceramic Tile
Living Area Total: 3,340 square feet
Price per sq ft: $118
Tax Annual Amount: $5,331
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Baseboard heaters, Electric
Flooring: Hardwood, Laminate, Ceramic Tile
Exterior Features: Brick, Vinyl siding
Common Interest: Freehold
Number of photos available: 41
Rurl
Coordinates: [47.564249, -52.713434]
Rooms
| Basement | Storage Storage | 22'8"" X 22' null 23' X 21' null |
| Third level | Foyer Bedroom Primary Bedroom | 8'9"" X 12'8"" null 13 X 10'9"" null 15'10"" X 12 null |
| Main level | Bath (# pieces 1-6) Kitchen Office Office | 7'10"" X 5'7"" null 7'3"" X 12'8"" null 11'2"" X 16'10"" null 22'8"" X 20'8"" null |
| Second level | Bath (# pieces 1-6) Living room Kitchen | 8'9"" X 5 null 16'2"" X 13 null 14'3"" X X 9'8"" null |
Basic Calculator
First Mortgage: $313,920
Mortgage insurance premium: $0
Total Financing: $313,920
Rough closing fee (1.5%): ~ $5,886
Total downpayment with estimated closing fee: $84,366
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,675 | $44,100 |
| Gross rental income (income/principal ratio) | 0.937% | 11.239% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $491 | $5,892 |
| Vacancy | $184 | $2,205 |
| Management Fee | $294 | $3,528 |
| Expense / Income Ratio | 13.36% | 13.36% |
| Cash Flow | $2,707 | $32,484 |
| Net Operating Income (NOI) | $2,707 | $32,484 |
| Capitalization Rate | 0.69% | 8.28% |
