16 Palm Drive
St. John's, NL, A1H1C6
4 Beds | 4 Baths
$649,900
About the property (MLS: 1292993):
Meticulously maintained, pre inspected and truly move in ready Southlands home, proudly offered to the market for the first time by the original owners! Freshly painted in most areas with refinished hardwood floor on the main. Features an attached garage, bright main floor family room with propane fireplace and a functional layout ideal for family living. The kitchen is well laid out with an island and appliances updated just two years ago. Upstairs offers 3 spacious bedrooms, including a primary bedroom with walk in closet and ensuite. The fully developed basement includes a well appointed rec room with built in sound system, extra insulation and soundproofing, plus a fourth bedroom and an additional full bathroom. Basement was finished with water resistant gyp rock and R22 insulation for added durability and efficiency. A solid well cared for home in a sought after neighbourhood. (id:56688)
Property Details
Listing ID: 29150486
Address: 16 Palm Drive, St. John's, Newfoundland & Labrador, Canada A1H1C6
Status: Active
Last updated: 2 months ago ( Dec 1, 2025 )
Year Built: 2006
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: House
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Beds: 4
Baths: 4
1/2 Baths: 1
Heating: Electric, Propane
Sewer: Municipal sewage system
Flooring: Hardwood, Laminate, Marble, Ceramic
Fencing: Fence
Living Area Total: 3,148 square feet
Price per sq ft: $207
Tax Annual Amount: $4,066
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Electric, Propane
Flooring: Hardwood, Laminate, Marble, Ceramic
Fireplace Features: Insert, Propane
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 32
Rurl
Coordinates: [47.488676, -52.818497]
Rooms
| Basement | Bath (# pieces 1-6) Utility room Bedroom Recreation room | 3pc 11x8 null 11x15 null 35x14 null |
| Second level | Bath (# pieces 1-6) Bedroom Bedroom Ensuite Primary Bedroom | 4pc 10x14 null 10x13 null 4pc 15x15 null |
| Main level | Laundry room Bath (# pieces 1-6) Porch Kitchen Family room/Fireplace Living room | 6x5 null 2pc 5x9 null 15x21 null 17x15 null 12x17 null |
Basic Calculator
First Mortgage: $519,920
Mortgage insurance premium: $0
Total Financing: $519,920
Rough closing fee (1.5%): ~ $9,749
Total downpayment with estimated closing fee: $139,729
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,463 | $41,556 |
| Gross rental income (income/principal ratio) | 0.533% | 6.394% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $813 | $9,756 |
| Vacancy | $174 | $2,078 |
| Management Fee | $278 | $3,325 |
| Expense / Income Ratio | 23.48% | 23.48% |
| Cash Flow | $2,200 | $26,400 |
| Net Operating Income (NOI) | $2,200 | $26,400 |
| Capitalization Rate | 0.34% | 4.06% |
