60 Margarets Place Unit#302
St. John's, NL, A1C0B3
2 Beds | 2 Baths
$439,000
About the property (MLS: 1285808):
An exceptional opportunity awaits at Unit 302 Kings Gate, 60 Margarets Place. Enjoy the convenience and refinement of a modern, well-appointed condominium building in an incredibly convenient and central location in the heart of St. John's, walking distance to countless amenities. Experience the quality and attention to detail in the common areas of the building and surrounding green spaces and gardens. Once inside you will immediately notice the 9 foot ceilings, custom height interior door slabs and tall windows overlooking Georgetown and with an unimpeded birds eye view of Quidi Vidi. Have your morning coffee on your private balcony, enjoy the luxury of your large walk-through closet and full ensuite bath. Take advantage of the underground parking facilities, gym and common room in this fully accessible building. Experience the true meaning of worry-free condominium living in this unique and hard-to-find property that is ideally suited for anyone from young professionals to retirees. With units in this exclusive building rarely coming to market, this pristinely kept condominium may be the opportunity you've been waiting for. As per sellers directive there shall be no conveyance of offers until 5:00PM Friday June 6 2025. (id:56688)
Property Details
Listing ID: 28399956
Address: 60 Margarets Place Unit#302, St. John's, Newfoundland & Labrador, Canada A1C0B3
Status: Active
Last updated: 18 days ago ( Jun 2, 2025 )
Year Built: 2010
Property Type: Single Family
Ownership Type: Condominium
Beds: 2
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Ceramic Tile
Living Area Total: 1,087 square feet
Price per sq ft: $404
Tax Annual Amount: $3,700
Tax Year: 2025
Garage? Yes
Attached Garage? No
Carport? Yes
Open Parking? No
Garage Spaces: 1
Waterfront? No
Pool? No
Appliances: Dishwasher
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Laminate, Ceramic Tile
Exterior Features: Brick, Vinyl siding, Other
Cooling: Air exchanger
Common Interest: Condo/Strata
Association Fee: 444
Number of photos available: 24
Rurl
Coordinates: [47.569299, -52.7175]
Rooms
| Main level | Laundry room Primary Bedroom Bedroom Ensuite Bath (# pieces 1-6) Kitchen Living room/Dining room | 8.9x6.4 null 12.6x12.5 null 14.3x9.5 null 9.5x9 null 8.5x6 null 95.x11 null 18x19.6 null |
Basic Calculator
First Mortgage: $351,200
Mortgage insurance premium: $0
Total Financing: $351,200
Rough closing fee (1.5%): ~ $6,585
Total downpayment with estimated closing fee: $94,385
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,196 | $14,352 |
| Gross rental income (income/principal ratio) | 0.272% | 3.269% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $549 | $6,588 |
| Vacancy | $60 | $718 |
| Management Fee | $96 | $1,149 |
| Expense / Income Ratio | 45.90% | 45.90% |
| Cash Flow | $492 | $5,904 |
| Net Operating Income (NOI) | $492 | $5,904 |
| Capitalization Rate | 0.11% | 1.34% |
