599 Southside Road
St. John’s, NL, A1E1A4
2 Beds | 1 Bath
$199,000
About the property (MLS: 1287018):
Above the Rest! Looking for peace, potential, and a place with a view? This half-acre lot on Southside Road might be exactly what you’ve been waiting for. Whether you're dreaming of restoring the charm of an older home or starting fresh with your own custom build, this property offers a rare opportunity in a quiet and scenic setting. The existing structure is an old family home and will require extensive work — it’s being sold “as is, where is.” Bring your vision and imagine the possibilities. (id:56688)
Property Details
MLS: 1287018
Listing ID: 28523390
Address: 599 Southside Road, St. John’s, Newfoundland & Labrador, Canada A1E1A4
Status: Active
Last updated: 12 days ago ( Jun 30, 2025 )
Year Built: 1925
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 2
Baths: 1
1/2 Baths: 0
Heating: Forced air, Oil
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,195 square feet
Price per sq ft: $167
Tax Annual Amount: $1,117
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Forced air, Oil
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 20
Rurl
Coordinates: [47.540291, -52.726549]
Listing ID: 28523390
Address: 599 Southside Road, St. John’s, Newfoundland & Labrador, Canada A1E1A4
Status: Active
Last updated: 12 days ago ( Jun 30, 2025 )
Year Built: 1925
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 2
Baths: 1
1/2 Baths: 0
Heating: Forced air, Oil
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,195 square feet
Price per sq ft: $167
Tax Annual Amount: $1,117
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Forced air, Oil
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 20
Rurl
Coordinates: [47.540291, -52.726549]
Rooms
| Second level | Other | 11.8 x 24.6 null |
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Dining room Kitchen Living room | B4 null 8 x 6.7 null 9 x 11.9 null 11.4 x 9.6 null 13 x 11 null 14.9 x 11.9 null |
Basic Calculator
First Mortgage: $159,200
Mortgage insurance premium: $0
Total Financing: $159,200
Rough closing fee (1.5%): ~ $2,985
Total downpayment with estimated closing fee: $42,785
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,315 | $15,780 |
| Gross rental income (income/principal ratio) | 0.661% | 7.930% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $249 | $2,988 |
| Vacancy | $66 | $789 |
| Management Fee | $106 | $1,263 |
| Expense / Income Ratio | 18.94% | 18.94% |
| Cash Flow | $896 | $10,752 |
| Net Operating Income (NOI) | $896 | $10,752 |
| Capitalization Rate | 0.45% | 5.40% |
Capitalization Rate: 5.40%
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).): $284,286
