About this propertyMLS® 1302114
Ideally positioned at one of St. John’s most prominent central intersections, this classic heritage property offers a rare opportunity to own a landmark building in the heart of the downtown core. Offering over 5,000 sq. ft. of interior space, the property provides exceptional visibility, complete with driveway at rear and ample adjacent public parking. The property has been extremely well maintained and thoughtfully upgraded by the current owner, reflecting true pride of ownership throughout. This character home retains many original features, including high ceilings, custom plaster work, stunning trim and millwork, walk-in bay windows, fireplace mantels, and an outstanding staircase that highlights its craftsmanship and historic charm. Currently configured for professional office use, the interior includes multiple private and multi-purpose offices, a boardroom, cafe/lunchroom, top-floor kitchenette, and three bathrooms. Its flexible layout supports a wide range of potential uses such as boutique retail, studio space, gallery, professional offices, or spa services. The property also offers excellent potential for mixed-use conversion, with the ability to operate a business on the main and lower levels while residing on the second and third floors—an ideal live-work opportunity in a prime downtown setting. Located within the historic quarter, it is surrounded by cafés, coffee shops, restaurants, and local shopping, offering a vibrant and highly walkable environment. Positioned on the edge of Bannerman Park, a beautifully revitalized historic green space, this highly sought-after location provides outstanding exposure, convenience, and long-term investment appeal in downtown St. John’s. (id:56688)
Property details
Coordinates: [47.569179, -52.707859]
Rooms
Basic Calculator
First Mortgage: $719,920
Mortgage insurance premium: $0
Total Financing: $719,920
Rough closing fee (1.5%): ~ $13,499
Total downpayment with estimated closing fee: $193,479
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $4,888 | $58,656 |
| Gross rental income (income/principal ratio) | 0.543% | 6.518% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $1,125 | $13,500 |
| Vacancy | $245 | $2,933 |
| Management Fee | $392 | $4,693 |
| Expense / Income Ratio | 23.02% | 23.02% |
| Cash Flow | $3,128 | $37,536 |
| Net Operating Income (NOI) | $3,128 | $37,536 |
| Capitalization Rate | 0.35% | 4.17% |
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