About this propertyMLS® 1298177
Step into the charm and character of old St. John's with this beautiful historic property. Rich in architectural detail and timeless curb appeal, this iconic downtown home offers a rare opportunity to own a piece of the city's heritage. Currently leased commercially, the property also presents incredible potential to be transformed into a stunning residential home full of warmth, personality, and classic Newfoundland character. Featuring distinctive heritage trim, soaring ceilings, dormer windows and a striking facade, this property stands proudly among the colourful streetscapes that make St. John's so beloved. Inside, the possibilities are endless, whether you envision an elegant residence, live/work space, boutique style home or investment property. Located in the heart of downtown just steps from the vibrancy of the city core. A unique opportunity to restore, reimagine, and make your mark on one of St. John's most charming historic streets. (id:56688)
Property details
Coordinates: [47.569378, -52.702767]
Rooms
Basic Calculator
First Mortgage: $279,920
Mortgage insurance premium: $0
Total Financing: $279,920
Rough closing fee (1.5%): ~ $5,249
Total downpayment with estimated closing fee: $75,229
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,015 | $36,180 |
| Gross rental income (income/principal ratio) | 0.862% | 10.340% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $438 | $5,256 |
| Vacancy | $151 | $1,809 |
| Management Fee | $242 | $2,895 |
| Expense / Income Ratio | 14.53% | 14.53% |
| Cash Flow | $2,186 | $26,232 |
| Net Operating Income (NOI) | $2,186 | $26,232 |
| Capitalization Rate | 0.62% | 7.50% |
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