37 McKay Street
St. John's, NL, A1E1P3
3 Beds | 2 Baths
$244,900
About the property (MLS: 1285904):
Charming 2 storey with apartment located in a downtown west neighbourhood. The upper unit has 2 bedrooms, primary with its own private 8x9 deck, a lovely living room and upgraded kitchen. The lower unit has a one bedroom apartment with a cozy living room and walkout to its own 8x9 deck. Both units are on its own electrical meters and have baseboard electric heaters. Just a short distance from downtown and all the amenities that the city has to offer. (id:56688)
Property Details
MLS: 1285904
Listing ID: 28407407
Address: 37 McKay Street, St. John's, Newfoundland & Labrador, Canada A1E1P3
Status: Active
Last updated: a day ago ( Jun 11, 2025 )
Year Built: 1927
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 3
Baths: 2
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,400 square feet
Price per sq ft: $175
Tax Annual Amount: $1,370
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 15
Rurl
Coordinates: [47.548366, -52.725176]
Listing ID: 28407407
Address: 37 McKay Street, St. John's, Newfoundland & Labrador, Canada A1E1P3
Status: Active
Last updated: a day ago ( Jun 11, 2025 )
Year Built: 1927
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 3
Baths: 2
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,400 square feet
Price per sq ft: $175
Tax Annual Amount: $1,370
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 15
Rurl
Coordinates: [47.548366, -52.725176]
Rooms
| Second level | Bath (# pieces 1-6) Bedroom Bedroom Living room Kitchen | 6.1x5.4 null 6.10x11.3 null 10.4x11.5 null 10.1x13.6 null 6x9 null |
| Main level | Not known Bath (# pieces 1-6) Not known Not known | 10x12.5 null 6.11x7.2 null 9.7x13.9 null 9.10x10.3 null |
Basic Calculator
First Mortgage: $195,920
Mortgage insurance premium: $0
Total Financing: $195,920
Rough closing fee (1.5%): ~ $3,674
Total downpayment with estimated closing fee: $52,654
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,541 | $18,492 |
| Gross rental income (income/principal ratio) | 0.629% | 7.551% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $307 | $3,684 |
| Vacancy | $78 | $925 |
| Management Fee | $124 | $1,480 |
| Expense / Income Ratio | 19.92% | 19.92% |
| Cash Flow | $1,034 | $12,408 |
| Net Operating Income (NOI) | $1,034 | $12,408 |
| Capitalization Rate | 0.42% | 5.07% |
Capitalization Rate: 5.07%
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).): $349,858
