7 Geoffrey Place
St John's, NL, A1B4P4
5 Beds | 2 Baths
$389,900
About the property (MLS: 1284681):
Tucked away on a quiet cul-de-sac in the East End of St. John's, 7 Geoffrey Place is a solid, well-kept home with plenty of space and versatility. With a total of 5 bedrooms and two separate apartments, it’s a great option whether you're looking for a family home with room to grow, an investment property with rental income, or a starter home with rental offset. The vacant main floor offers a bright, comfortable layout with three bedrooms, a spacious living area, and a kitchen that’s ready for everyday use or entertaining along with a recreation room for an office or play area. Downstairs, you’ll find a two bedroom apartment— with its own entrance—making this an ideal setup for extended family, tenants, or both. In addition, this home is situated on an oversized lot, with trees at the rear, large backyard and views of the ocean from the patio. Close to schools, walking trails, and all the East End amenities, this home offers the best of both convenience and privacy, being minutes away from bus routes, the Marine Institute and YMCA recreational facilities. This home is a fit for all walks of life. If you're looking for a home that offers flexibility, rental income, and a great location, 7 Geoffrey Place is worth a look. Subject to a Seller's Directive. No offers to be presented prior to 5pm on Monday the 12th of May 2025. (id:56688)
Property Details
Listing ID: 28279581
Address: 7 Geoffrey Place, St John's, Newfoundland & Labrador, Canada A1B4P4
Status: Active
Last updated: 9 days ago ( May 11, 2025 )
Year Built: 1994
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: Two Apartment House
Ownership Type: Freehold
View: Ocean view, View
Number of stories: 1
Number of Levels: 1
Beds: 5
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Laminate, Other, Ceramic Tile
Living Area Total: 1,832 square feet
Price per sq ft: $213
Tax Annual Amount: $2,394
Tax Year: 2025
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, Other, Ceramic Tile
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 30
Rurl
Coordinates: [47.592379, -52.737425]
Rooms
| Basement | Bath (# pieces 1-6) Bedroom Bedroom Living room/Dining room Kitchen Not known | 8.83 x 4.17 null 8.33 x 12.66 null 13.75 x 9.42 null 16.58 x 13.75 null 7.42 x 5.83 null 14.08 x 13.67 null |
| Main level | Bath (# pieces 1-6) Primary Bedroom Bedroom Bedroom Not known Living room Dining room | 9.42 x 7.17 null 13.75 x 11.75 null 10.92 x 9 null 11.75 x 8.83 null 9.58 x 12.25 null 11.75 x 10.58 null 8.42 x 9.75 null |
Basic Calculator
First Mortgage: $311,920
Mortgage insurance premium: $0
Total Financing: $311,920
Rough closing fee (1.5%): ~ $5,849
Total downpayment with estimated closing fee: $83,829
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,016 | $24,192 |
| Gross rental income (income/principal ratio) | 0.517% | 6.205% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $488 | $5,856 |
| Vacancy | $101 | $1,210 |
| Management Fee | $162 | $1,936 |
| Expense / Income Ratio | 24.21% | 24.21% |
| Cash Flow | $1,266 | $15,192 |
| Net Operating Income (NOI) | $1,266 | $15,192 |
| Capitalization Rate | 0.32% | 3.90% |
