About this propertyMLS® 1300786
Very few homes this close to downtown St. John's back directly onto Rennies River, and fewer still on a lot of this size. The grounds at 42 Empire Avenue run 80 by 240 feet, opening from the house into private, park-like lawn framed by mature trees and carrying down to the water's edge. The Rennies River Trail follows the riverbank at the foot of the property, connecting on foot to Quidi Vidi Lake in one direction and to Long Pond, Pippy Park, and Memorial University in the other. It is the kind of private, green setting that is genuinely hard to find this close to the city centre. Built circa 1940, the home carries the character of its era throughout: hardwood floors, crown mouldings, a decorative ceiling medallion, warm wood paneling, and French doors that carry light from room to room. The main floor balances everyday living and entertaining across a spacious living room, a separate dining room, a family room, and the kitchen. Over the kitchen sink, a wide window frames the back garden's trees and greenery - the setting, brought right to the heart of the home. Upstairs, the primary bedroom is joined by three further bedrooms and a home office, together with a full bath and a half bath. The lower level has its own separate entry, a bedroom, and a full bath, a layout well suited to in-law or extended family living. In all, the home offers more than 3,000 square feet across three levels, along with an attached garage and driveway parking. The setting is matched by real convenience. Bannerman Park, the shops and cafés of Churchill Square, downtown, Memorial University, and the Health Sciences Centre are all close at hand, as are several of the city's established schools. (id:56688)
Property details
Coordinates: [47.574821, -52.706148]
Rooms
| Basement | Kitchen Storage Laundry room Bedroom | 12 x 10.6 null 8.6 x 8.6 null 14 x 12 null 15 x 10 null |
| Second level | Bedroom Bedroom Bedroom Primary Bedroom Bath (# pieces 1-6) | 11 x 10 null 13 x 7.9 null 14 x 9.6 null 18 x 12 null 4 PC null |
| Main level | Family room Dining room Living room/Fireplace Kitchen | 13 x 10 null 14.3 x 12 null 29.6 x 12 null 13.3 x 10.9 null |
Basic Calculator
First Mortgage: $520,000
Mortgage insurance premium: $0
Total Financing: $520,000
Rough closing fee (1.5%): ~ $9,750
Total downpayment with estimated closing fee: $139,750
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,367 | $40,404 |
| Gross rental income (income/principal ratio) | 0.518% | 6.216% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $813 | $9,756 |
| Vacancy | $169 | $2,021 |
| Management Fee | $270 | $3,233 |
| Expense / Income Ratio | 24.15% | 24.15% |
| Cash Flow | $2,117 | $25,404 |
| Net Operating Income (NOI) | $2,117 | $25,404 |
| Capitalization Rate | 0.33% | 3.91% |
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