About the property (MLS: 1286134):
10 Wadland Terrace presents a rare and compelling opportunity to acquire a property with significant renovation potential in the highly desirable East End. This 3-bedroom, 1-bathroom residence, while requiring substantial work, is strategically positioned for maximum appeal and future value. Boasting an unbeatable location, this home offers immediate access to an array of conveniences: residents will appreciate being mere steps from a public park and playground, fostering an active and family-friendly lifestyle. Major public transit bus routes are directly accessible, providing seamless connectivity throughout the city. The property is also within close walking distance to elementary and junior high schools, making it an excellent choice for families. Essential amenities—including shopping, services, and recreational facilities—are just moments away, offering unmatched convenience. This property is an ideal prospect for first-time buyers with a creative vision to customize and modernize, as well as seasoned investors and property flippers seeking a high-potential project in a thriving market. Don’t miss your chance to transform this property into a contemporary masterpiece or a lucrative investment. Inquire today to explore the possibilities at 10 Wadland Terrace. Home is tenant occupied but will be vacant for closing. The home is being sold strictly as is, where is, and any home inspections are for the buyer's informational purposes only. (id:56688)
Property Details
Listing ID: 28449844
Address: 10 Wadland Terrace, St. John's, Newfoundland & Labrador, Canada A1A5Y7
Status: Active
Last updated: a month ago ( Jun 11, 2025 )
Year Built: 2004
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: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Other, Mixed Flooring
Living Area Total: 2,100 square feet
Price per sq ft: $129
Tax Annual Amount: $2,978
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Laminate, Other, Mixed Flooring
Exterior Features: Wood shingles, Vinyl siding
Common Interest: Freehold
Number of photos available: 24
Rurl
Coordinates: [47.591057, -52.708292]
Rooms
Basement | Hobby room Recreation room Not known Laundry room | To Follow null To Follow null To Follow null To Follow null |
Main level | Dining room Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom Kitchen Living room | To Follow null To Follow null To Follow null To Follow null To Follow null To Follow null To Follow null |
Basic Calculator
First Mortgage: $215,920
Mortgage insurance premium: $0
Total Financing: $215,920
Rough closing fee (1.5%): ~ $4,049
Total downpayment with estimated closing fee: $58,029
Investment Calculator:
Monthly | Yearly | |
---|---|---|
Gross Revenue | $2,310 | $27,720 |
Gross rental income (income/principal ratio) | 0.856% | 10.270% |
Mortgage | $0 | $0 |
Monthly Expenses | $338 | $4,056 |
Vacancy | $116 | $1,386 |
Management Fee | $185 | $2,218 |
Expense / Income Ratio | 14.63% | 14.63% |
Cash Flow | $1,672 | $20,064 |
Net Operating Income (NOI) | $1,672 | $20,064 |
Capitalization Rate | 0.62% | 7.43% |