St. John's, NL, A1H0P2

3 Beds | 3 Baths

$699,900

6 Terry Lane St. John's Newfoundland & Labrador Canada A1H0P2, for Sale, residential, Haris Barki, Keller Williams Platinum Realty

Presented By

Haris Barki

416-873-4676

haris@barki.co

REALTOR ®

Keller Williams Platinum Realty

About the property (MLS: 1285411):

Welcome home! 6 Terry Lane is a nearly new, 2-storey property in the sought after Galway subdivision, and it is ready for new owners to call it home. Backing onto a greenbelt, this move-in ready home is situated in a family friendly subdivision with countless city amenities at your doorstep. The open concept main floor boasts a modern design with the kitchen featuring a spacious centre island & walk-in pantry, separate dining area accessing the covered deck, and living room with cozy fireplace. The mudroom and half bathroom complete the main floor with comfort & convenience. The second level locates 3 well appointed bedrooms and main bathroom. The primary bedroom includes both a walk-in closet and beautiful ensuite. The second floor also has a bonus room offering the ideal space for a home office, playroom, or a dream closet! The basement is ready for future development & awaits your personal touch. Meticulously maintained and in pristine condition, this home shows like new! Just around the corner from all the shopping Galway has to offer and a stone's throw from schools, walking trails, and highway, this one has it all. Arrange your viewing today! (id:56688)

Property Details

MLS: 1285411
Listing ID: 28373157
Address: 6 Terry Lane, St. John's, Newfoundland & Labrador, Canada A1H0P2
Status: Active
Last updated: 15 days ago ( May 28, 2025 )
Year Built: 2023
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: House
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Beds: 3
Baths: 3
1/2 Baths: 1
Heating: Electric
Sewer: Municipal sewage system
Flooring: Laminate, Ceramic Tile, Mixed Flooring
Living Area Total: 3,290 square feet
Price per sq ft: $213
Tax Annual Amount: $5,581
Tax Year: 2025
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Laminate, Ceramic Tile, Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 49
Rurl
Coordinates: [47.50288, -52.832468]

Rooms

Second level	Not known Bedroom Bedroom Primary Bedroom	15x12.11 null 11.0x13.0 null 13.7x10.8 null 14.30x14.10 null
Main level	Mud room Not known Kitchen Dining room Living room Foyer	5.10x5.10 null 10.4x6.0 null 13.10x13.0 null 10.8x14.6 null 14x15.7 null 6.10x7.8 null

Basic Calculator

Principal Amount ($):

Annual Interest Rate (%):

Loan Term (Years):

Down Payment ($):

Percent Down (%):

First Mortgage: $559,920

Mortgage insurance premium: $0

Total Financing: $559,920

Rough closing fee (1.5%): ~ $10,499

Total downpayment with estimated closing fee: $150,479

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Investment Calculator:

Monthly Income (Initially estimated at $1.1 per sqft):

Monthly Expense (includes taxes, insurance, utilities, maintenance etc, excluding mortgage payment) (initally estimated at 1.5% per year of principal):

Vacancy Rate (%):

Management Fee (%):

Total cost of initial renovation ($):

	Monthly	Yearly
Gross Revenue	$3,620	$43,440
Gross rental income (income/principal ratio)	0.517%	6.207%
Mortgage	$0	$0
Monthly Expenses	$875	$10,500
Vacancy	$181	$2,172
Management Fee	$290	$3,476
Expense / Income Ratio	24.17%	24.17%
Cash Flow	$2,275	$27,300
Net Operating Income (NOI)	$2,275	$27,300
Capitalization Rate	0.33%	3.90%

Capitalization Rate: 3.90%

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).): $999,858

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