About the property (MLS: 1283337):
Located within walking distance of the university, this home is the perfect investment opportunity for buyers looking to capitalize on the strong demand for student housing! With a consistent rental income history, this property offers both stability and the potential for even greater returns…Rent out the whole house or lease individual rooms to maximize monthly cash flow! Inside this 4-bedroom, 2.5 bath home, you'll find a bright and spacious open concept living and dining area that flows seamlessly into the kitchen. A large family room with built-in storage opens to a deck overlooking a large backyard. Downstairs features a spacious rec room which can be used as an additional 5th bedroom, a separate laundry area, and a large basement perfect for storage. Could also easily be converted into a two-apt home with rear basement access, existing laundry room plumbing, a sink area for a kitchen, and a half bath already in place! Other features include off-street parking for several vehicles, a rare find this close to campus! Whether you want to expand your investment portfolio or break into the market with a high-performing property, this home checks all the boxes! Don’t miss out on this high-demand rental in a PRIME location! As per the Sellers Directive, there will be no conveyance of any written offers before 7pm on May 13, 2025 and all offers are to remain open for consideration until 10pm on May 13, 2025. (id:56688)
Property Details
Listing ID: 28286525
Address: 150 University Avenue, St. John's, Newfoundland & Labrador, Canada A1B1Z5
Status: Active
Last updated: 11 days ago ( May 10, 2025 )
Year Built: 1960
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 4
Baths: 2
1/2 Baths: 1
Heating: Baseboard heaters, Forced air, Oil
Sewer: Municipal sewage system
Flooring: Hardwood, Laminate, Carpeted, Mixed Flooring
Living Area Total: 1,800 square feet
Price per sq ft: $178
Tax Annual Amount: $2,819
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, Forced air, Oil
Flooring: Hardwood, Laminate, Carpeted, Mixed Flooring
Exterior Features: Wood shingles, Other
Common Interest: Freehold
Number of photos available: 17
Rurl
Coordinates: [47.568236, -52.7436]
Rooms
Basement | Recreation room Bedroom Bath (# pieces 1-6) Laundry room | 16x8 null 11x8 null 6x4 null 12x10 null |
Main level | Bedroom Bedroom Primary Bedroom Bath (# pieces 1-6) Living room Dining room Family room Kitchen | 9x7 null 7x10 null 11x11 null 8x4 null 13x13 null 7x12 null 13x13 null 9x11 null |
Basic Calculator
First Mortgage: $255,200
Mortgage insurance premium: $0
Total Financing: $255,200
Rough closing fee (1.5%): ~ $4,785
Total downpayment with estimated closing fee: $68,585
Investment Calculator:
Monthly | Yearly | |
---|---|---|
Gross Revenue | $1,981 | $23,772 |
Gross rental income (income/principal ratio) | 0.621% | 7.452% |
Mortgage | $0 | $0 |
Monthly Expenses | $399 | $4,788 |
Vacancy | $100 | $1,189 |
Management Fee | $159 | $1,902 |
Expense / Income Ratio | 20.14% | 20.14% |
Cash Flow | $1,325 | $15,900 |
Net Operating Income (NOI) | $1,325 | $15,900 |
Capitalization Rate | 0.42% | 4.98% |