386 Empire Avenue
St. John's, NL, A1E1W4
3 Beds | 1 Bath
$139,900
About the property (MLS: 1284981):
Attention first time buyers or investors! Centrally located, 386 Empire Avenue is the perfect flip opportunity! The main floor includes a spacious porch leading into a nicely sized living room with large window. The cozy, eat-in kitchen offers plenty of space to create a fabulous kitchen area! Downstairs, the basement is developed to include a bedroom, the main bathroom, utility area, and a mudroom area. The backyard has enough room to fence a great area for play or entertainment. Situated on bus routes, near MUN, HSC, and the Avalon Mall, this home would be perfect as an investment property or for the person who wants to have the city at their fingertips. Arrange your viewing today! As per attached Seller's Direction, there will be no conveyance of offers prior to 2pm on Tuesday, May 20th with offers to remain open until 7pm. (id:56688)
Property Details
Listing ID: 28311503
Address: 386 Empire Avenue, St. John's, Newfoundland & Labrador, Canada A1E1W4
Status: Active
Last updated: 15 days ago ( May 29, 2025 )
Year Built: 1950
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 3
Baths: 1
1/2 Baths: 0
Heating: Oil
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 959 square feet
Price per sq ft: $146
Tax Annual Amount: $1,467
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: See remarks
Water Source: Municipal water
Foundation Details: Concrete
Heating: Oil
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 21
Rurl
Coordinates: [47.556292, -52.741205]
Rooms
| Basement | Bath (# pieces 1-6) Foyer Laundry room Utility room Bedroom | 4.6x10.0 null 4.6x7.4 null 7.11x11.3 null 13.6x12.4 null 8.11x11.1 null |
| Main level | Bedroom Primary Bedroom Not known Living room Foyer | 8.11x9.8 null 8.11x11.7 null 13.4x10.4 null 8.10x13.0 null 4.2x4.0 null |
Basic Calculator
First Mortgage: $111,920
Mortgage insurance premium: $0
Total Financing: $111,920
Rough closing fee (1.5%): ~ $2,099
Total downpayment with estimated closing fee: $30,079
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,055 | $12,660 |
| Gross rental income (income/principal ratio) | 0.754% | 9.049% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $175 | $2,100 |
| Vacancy | $53 | $633 |
| Management Fee | $85 | $1,013 |
| Expense / Income Ratio | 16.59% | 16.59% |
| Cash Flow | $743 | $8,916 |
| Net Operating Income (NOI) | $743 | $8,916 |
| Capitalization Rate | 0.53% | 6.37% |
