For sale · MLS® 1301197
76-78 Goodridge Street
St. John's, NL, A1C2Y9
List price
$299,000
About this propertyMLS® 1301197
Welcome to this spacious two-apartment home ideally located in the heart of St. John’s, just minutes from Memorial University and the Health Sciences Centre. This property offers exceptional space and versatility, making it a fantastic opportunity for homeowners and investors alike. The main unit boasts a generous and well-designed layout, featuring five bedrooms, including a large bedroom on the main floor. Enjoy an oversized family room perfect for entertaining, along with a bright eat-in kitchen. A convenient half bath with laundry completes the main level. Comfort is ensured year-round with the added efficiency of a heat pump. Upstairs, you’ll find four additional well-sized bedrooms and a large full bathroom, providing ample space for growing families or shared living arrangements. The above ground one-bedroom apartment offers excellent income potential, complete with its own private entrance and in-unit laundry, making it an attractive option for tenants. Situated in a highly sought-after central location, this home is close to schools, shopping, recreation, public transit, and major amenities. Whether you’re looking for a family home with income support or a smart investment property, this one checks all the boxes. (id:56688)
Property details
Coordinates: [47.565509, -52.725456]
Rooms
| Main level | Bath (# pieces 1-6) Not known Not known Not known Bedroom Bath (# pieces 1-6) Laundry room Kitchen Living room | 4 PC null 10 X 9 null 10 X 12 null 10 x 10 null 10.5 X 13.5 null 2 PC null 9.5 X 8.5 null 16 X 10.25 null 18.5 X 12.5 null |
| Second level | Bedroom Bedroom Bedroom Bedroom Bath (# pieces 1-6) | 10.5 X 10.5 null 9 X 9 null 9.5 X 9 null 10.5 X 13 null 4 PC null |
Basic Calculator
First Mortgage: $239,200
Mortgage insurance premium: $0
Total Financing: $239,200
Rough closing fee (1.5%): ~ $4,485
Total downpayment with estimated closing fee: $64,285
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,229 | $26,748 |
| Gross rental income (income/principal ratio) | 0.745% | 8.946% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $374 | $4,488 |
| Vacancy | $112 | $1,338 |
| Management Fee | $179 | $2,140 |
| Expense / Income Ratio | 16.78% | 16.78% |
| Cash Flow | $1,566 | $18,792 |
| Net Operating Income (NOI) | $1,566 | $18,792 |
| Capitalization Rate | 0.52% | 6.28% |
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