60 Margarets Place Unit#111
St. John's, NL, A1C0B3
2 Beds | 2 Baths
$550,000
About the property (MLS: 1287038):
Welcome to Kings Gate – where elegance, comfort, and convenience meet. This absolutely stunning and spacious 2-bedroom, 2-bathroom condo offers 1,545 sq. ft. of beautifully designed, fully furnished living space in one of St. John’s most sought-after locations. Step into a bright, open-concept layout that's ideal for both everyday living and entertaining. The immaculate kitchen features a walk-in pantry and flows seamlessly into the main living and dining areas. The private balcony is perfect for enjoying your morning coffee or evening sunsets. The primary bedroom is a true retreat, complete with a full ensuite and a generous walk-in closet. A large second bedroom and an additional full bathroom offer plenty of space for guests or a home office. Additional building features include underground parking, in-suite laundry, separate storage area on the same floor, plus a private gym and common room all in a secure, fully accessible building Located just steps from shopping, dining, and recreation, this condo is ideal for professionals, retirees, or anyone looking to enjoy a low-maintenance lifestyle in a prime urban location. Don’t miss this rare opportunity to own at Kings Gate – schedule your private viewing today! (id:56688)
Property Details
Listing ID: 28523924
Address: 60 Margarets Place Unit#111, St. John's, Newfoundland & Labrador, Canada A1C0B3
Status: Active
Last updated: 14 days ago ( Jun 26, 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: Mixed Flooring
Living Area Total: 1,545 square feet
Price per sq ft: $356
Tax Annual Amount: $3,438
Garage? Yes
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator, Dishwasher, Stove
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring
Exterior Features: Brick, Vinyl siding, Other
Cooling: Air exchanger
Common Interest: Condo/Strata
Association Fee: 581
Number of photos available: 29
Rurl
Coordinates: [47.569201, -52.716966]
Rooms
| Main level | Laundry room Bath (# pieces 1-6) Foyer Bedroom Ensuite Primary Bedroom Kitchen Dining nook Living room | 8'11 x 8'7 null 8'11 x 6 null 8'7 x 7'2 null 11'6 x 14'11 null 8'8 x 6'3 null 14'5 x 11'11 null 14'5 x 22'5 null 15 x 16'8 null 15 x 18'6 null |
Basic Calculator
First Mortgage: $440,000
Mortgage insurance premium: $0
Total Financing: $440,000
Rough closing fee (1.5%): ~ $8,250
Total downpayment with estimated closing fee: $118,250
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,700 | $20,400 |
| Gross rental income (income/principal ratio) | 0.309% | 3.709% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $688 | $8,256 |
| Vacancy | $85 | $1,020 |
| Management Fee | $136 | $1,632 |
| Expense / Income Ratio | 40.47% | 40.47% |
| Cash Flow | $791 | $9,492 |
| Net Operating Income (NOI) | $791 | $9,492 |
| Capitalization Rate | 0.14% | 1.73% |
