486 Empire Avenue
St. John's, NL, A1E5N9
4 Beds | 3 Baths
$249,900
About the property (MLS: 1287051):
Prime location for an investment property. This property is operating as a 3 unit with potential to finish off the 4th unit .Property is in need of some TLC but has tenants in place.Ground level apartment is a one bedroom, bath. Apartment 2 is a 2 bedroom and apartment 3 is al a one bedroom.# units have its own panel. This is an Estate sale and information was limited. Being sols as is where is. Agents book through Broker Bay please. Sellers directive. No conveyance of offers until 3 pm July 2nd, all offers to be open until 8 pm the same day. (id:56688)
Property Details
Listing ID: 28525518
Address: 486 Empire Avenue, St. John's, Newfoundland & Labrador, Canada A1E5N9
Status: Active
Last updated: 14 days ago ( Jun 26, 2025 )
Year Built: 1962
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 4
Baths: 3
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Laminate
Living Area Total: 2,296 square feet
Price per sq ft: $109
Tax Annual Amount: $1,928
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: See remarks
Water Source: Municipal water
Heating: Electric
Flooring: Laminate
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 2
Rurl
Coordinates: [47.551178, -52.747718]
Rooms
| Second level | Bath (# pieces 1-6) Not known Not known Not known Bath (# pieces 1-6) Not known Kitchen Not known Not known | B4 null 12 x 9.11 null 10 x 8 null 8 x 11.11 null B4 null 12 x 13 null 9 x 9 null 10 x 7.11 null 9 x 12 null |
| Main level | Bath (# pieces 1-6) Living room Not known Not known | B4 null 9 x 9 null 9 x 9 null 7.11 x 12 null |
Basic Calculator
First Mortgage: $199,920
Mortgage insurance premium: $0
Total Financing: $199,920
Rough closing fee (1.5%): ~ $3,749
Total downpayment with estimated closing fee: $53,729
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,526 | $30,312 |
| Gross rental income (income/principal ratio) | 1.011% | 12.130% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $313 | $3,756 |
| Vacancy | $127 | $1,516 |
| Management Fee | $203 | $2,425 |
| Expense / Income Ratio | 12.39% | 12.39% |
| Cash Flow | $1,885 | $22,620 |
| Net Operating Income (NOI) | $1,885 | $22,620 |
| Capitalization Rate | 0.75% | 9.05% |
