For sale · MLS® 1296453
59 Gower Street
St. John's, NL, A1C1N3
List price
$385,000
About this propertyMLS® 1296453
Beautiful Victorian style home nestled in the heart of downtown St. John’s. This home is absolutely charming and has preserved its original character including its rich woodwork, timeless trim and architectural details with its quality wood finishes. This property is quite deceiving as it has an abundance of sq footage all encompassed on 2 storeys featuring 10ft ceiling height.The main floor of this characteristic home features a spacious refurbished kitchen, dining room ,living room, both with ornamental fireplaces positioned on a 45° angle with ceramic tiles as well as a bright cheerful family room leading to the fenced rear patio garden space with views of iconic signal hill. The original wood staircase takes you to the second level where you will find three generous size bedrooms, and a fully renovated family bath. Two of these bedrooms offer extra space that can be used as an office area or den. There is a spiral staircase leading from one of the bedrooms to the lower level, which is quite unique. Original plaster ceilings ,original rosettes ,hardwood floors , wood trims ,wood doors and lovely lighting fixtures throughout accentuate this timeless gem. Upgrades over the years include electrical, plumbing ,vinyl windows and torch on roof . This property is minutes walk to all the amenities in vibrant downtown St. John’s. This property is sure to please with a blend of historic charm and history being built in 1893. (id:56688)
Property details
Coordinates: [47.569411, -52.703666]
Rooms
| Second level | Bath (# pieces 1-6) Bedroom Not known Bedroom Den Primary Bedroom | 3 pc 11.2x9.3 null 10.9x9.5 null 10.9x13.8 null 8.1x8.5 null 11.2x12.3 null |
| Main level | Foyer Bath (# pieces 1-6) Family room Living room Dining room Dining nook Kitchen | 7.11x3.9 null 2pc 10.9x16.1 null 11.4x11.11 null 11.4x12.2 null 7x13.2 null 10.9x16.1 null |
Basic Calculator
First Mortgage: $308,000
Mortgage insurance premium: $0
Total Financing: $308,000
Rough closing fee (1.5%): ~ $5,775
Total downpayment with estimated closing fee: $82,775
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,030 | $24,360 |
| Gross rental income (income/principal ratio) | 0.527% | 6.327% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $482 | $5,784 |
| Vacancy | $102 | $1,218 |
| Management Fee | $163 | $1,949 |
| Expense / Income Ratio | 23.74% | 23.74% |
| Cash Flow | $1,285 | $15,420 |
| Net Operating Income (NOI) | $1,285 | $15,420 |
| Capitalization Rate | 0.33% | 4.01% |
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