78 Thorburn Road Unit#203
St. John's, NL, A1B3M3
2 Beds | 1 Bath
$229,900
About the property (MLS: 1284758):
Discover the perfect blend of comfort and convenience with this charming 2-bedroom, 1-bathroom condo located at 78 Thorburn Road in St. John's. Ideally situated near the University and Hospital, this property offers an unbeatable location for students, professionals, and families alike. Enjoy the benefits of low-maintenance living, allowing you to focus on what truly matters while still being close to essential amenities. Don't miss out on this opportunity to own a piece of prime real estate in a vibrant community. (id:56688)
Property Details
MLS: 1284758
Listing ID: 28278853
Address: 78 Thorburn Road Unit#203, St. John's, Newfoundland & Labrador, Canada A1B3M3
Status: Active
Last updated: 13 days ago ( May 8, 2025 )
Year Built: 2008
Property Type: Single Family
Ownership Type: Condominium
Beds: 2
Baths: 1
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Laminate, Mixed Flooring
Living Area Total: 670 square feet
Price per sq ft: $344
Tax Annual Amount: $1,160
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator, Dishwasher, Stove
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Laminate, Mixed Flooring
Common Interest: Condo/Strata
Association Fee: 350
Number of photos available: 18
Rurl
Coordinates: [47.563701, -52.758787]
Listing ID: 28278853
Address: 78 Thorburn Road Unit#203, St. John's, Newfoundland & Labrador, Canada A1B3M3
Status: Active
Last updated: 13 days ago ( May 8, 2025 )
Year Built: 2008
Property Type: Single Family
Ownership Type: Condominium
Beds: 2
Baths: 1
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Laminate, Mixed Flooring
Living Area Total: 670 square feet
Price per sq ft: $344
Tax Annual Amount: $1,160
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator, Dishwasher, Stove
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Laminate, Mixed Flooring
Common Interest: Condo/Strata
Association Fee: 350
Number of photos available: 18
Rurl
Coordinates: [47.563701, -52.758787]
Rooms
| Main level | Bedroom Bedroom Dining nook Living room Kitchen | 11.8 x 9.10 null 11.8 x 7.2 null 13.6 x 10.10 null 13.7 x 10.6 null 7.6 x 6.10 null |
Basic Calculator
First Mortgage: $183,920
Mortgage insurance premium: $0
Total Financing: $183,920
Rough closing fee (1.5%): ~ $3,449
Total downpayment with estimated closing fee: $49,429
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $738 | $8,856 |
| Gross rental income (income/principal ratio) | 0.321% | 3.852% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $288 | $3,456 |
| Vacancy | $37 | $443 |
| Management Fee | $60 | $709 |
| Expense / Income Ratio | 39.02% | 39.02% |
| Cash Flow | $355 | $4,260 |
| Net Operating Income (NOI) | $355 | $4,260 |
| Capitalization Rate | 0.15% | 1.85% |
Capitalization Rate: 1.85%
After-repair value (ARV) (This is a rule for purchasing and flipping distressed real estate for a profit, which states that the purchase price should be less than 70% of after-repair value (ARV) minus repair costs (rehab).): $328,429
