569 Empire Avenue
St. John's, NL, A1E1W6
5 Beds | 4 Baths
$499,900
About the property (MLS: 1287041):
This brand new, uniquely designed three-bedroom split entry two story with a two-bedroom apartment is presently under construction. There is an open living room, dining room and kitchen on the main floor as well as laundry and half bath. The second level has three bedrooms, including primary with ensuite and walk-in closet and another full bathroom. The spacious apartment has two bedrooms with an open living room, dining room and kitchen. There is also laundry and storage space. Close to many amenities. (id:56688)
Property Details
MLS: 1287041
Listing ID: 28530050
Address: 569 Empire Avenue, St. John's, Newfoundland & Labrador, Canada A1E1W6
Status: Active
Last updated: 14 days ago ( Jun 27, 2025 )
Year Built: 2025
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 4
1/2 Baths: 1
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,980 square feet
Price per sq ft: $253
Tax Annual Amount: $0
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: 1
Rurl
Coordinates: [47.54781, -52.75201]
Listing ID: 28530050
Address: 569 Empire Avenue, St. John's, Newfoundland & Labrador, Canada A1E1W6
Status: Active
Last updated: 14 days ago ( Jun 27, 2025 )
Year Built: 2025
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 4
1/2 Baths: 1
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,980 square feet
Price per sq ft: $253
Tax Annual Amount: $0
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: 1
Rurl
Coordinates: [47.54781, -52.75201]
Rooms
| Basement | Bath (# pieces 1-6) Not known Not known Not known Not known | 4pc 8.8 x 11.4 null 7.9 x 11.4 null 14.5 x 11 null 10 x 9.6 null |
| Second level | Ensuite Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom | 4pc 4pc 9.2 x 9.8 null 9 x 10 null 12 x 13.8 null |
| Main level | Bath (# pieces 1-6) Dining room Living room Kitchen | 2pc 11 x 7.8 null 11 x 15 null 13.6 x 11.8 null |
Basic Calculator
First Mortgage: $399,920
Mortgage insurance premium: $0
Total Financing: $399,920
Rough closing fee (1.5%): ~ $7,499
Total downpayment with estimated closing fee: $107,479
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,178 | $26,136 |
| Gross rental income (income/principal ratio) | 0.436% | 5.228% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $625 | $7,500 |
| Vacancy | $109 | $1,307 |
| Management Fee | $175 | $2,091 |
| Expense / Income Ratio | 28.70% | 28.70% |
| Cash Flow | $1,270 | $15,240 |
| Net Operating Income (NOI) | $1,270 | $15,240 |
| Capitalization Rate | 0.25% | 3.05% |
Capitalization Rate: 3.05%
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).): $714,143
