For sale · MLS® 1301121
285 Elizabeth Avenue
St. John's, NL, A1B1T8
List price
$539,900
About this propertyMLS® 1301121
Exceptional investment property ideally positioned directly across from the university. This expansive two-storey home offers a total of nine bedrooms, providing excellent rental potential and flexible living options. The main unit features a bright living room, dedicated dining area, kitchen, six bedrooms, two full bathrooms, and laundry. The upstairs apartment has been expanded to include the former in-law suite, now offering a spacious living area, kitchen, four bedrooms, a full bathroom, separate laundry, and its own electrical panel. Recent upgrades include new shingles (2024), a new hot water tank (2025), new flooring in the basement apartment, and partially upgraded plumbing to PEX. The property also offers ample on-site parking for approximately four to five vehicles, a valuable feature in this highly sought-after, high-demand location. (id:56688)
Property details
Coordinates: [47.567946, -52.734428]
Rooms
| Basement | Bath (# pieces 1-6) Not known Not known Not known | 5.8x8.8 null 7.9x9.10 null 10.0x8.3 null 13.2x13.5 null |
| Second level | Bath (# pieces 1-6) Bath (# pieces 1-6) Storage Not known Not known Not known | 4pc 4pc 26.0x23.0 null 8.0x9.0 null 12.0x9.0 null 7.0x8.0 null |
| Main level | Bedroom Bedroom Bedroom Primary Bedroom Mud room Family room Kitchen Dining room Living room Foyer | 11.0x8.0 null 11.0x13.0 null 8.0x8.0 null 12.0x13.0 null 8.0x12.0 null 12.0x13.0 null 10.0x12.0 null 14.0x12.0 null 8.0x6.5 null 4.0x8.0 null |
Basic Calculator
First Mortgage: $431,920
Mortgage insurance premium: $0
Total Financing: $431,920
Rough closing fee (1.5%): ~ $8,099
Total downpayment with estimated closing fee: $116,079
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,891 | $34,692 |
| Gross rental income (income/principal ratio) | 0.535% | 6.426% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $675 | $8,100 |
| Vacancy | $145 | $1,735 |
| Management Fee | $232 | $2,776 |
| Expense / Income Ratio | 23.35% | 23.35% |
| Cash Flow | $1,841 | $22,092 |
| Net Operating Income (NOI) | $1,841 | $22,092 |
| Capitalization Rate | 0.34% | 4.09% |
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