For sale · MLS® 1302801
223 Cheeseman Drive
St.John’s, NL, A1H0R2
List price
$899,999
About this propertyMLS® 1302801
Currently under construction. 223 Cheeseman Drive is a two story home situated on a large greenbelt lot in Southlands with southern exposure. This beautifully designed home boasts an open concept on the main level, allowing for a seamless flow between the living, dining, and kitchen areas. Large windows throughout flood the space with natural light, creating a bright and inviting atmosphere. A designated office or study room offers a quiet space for work or relaxation. The living room is a standout feature, with its stunning coffered ceiling, adding a touch of elegance to the space. The stairs leading to the second floor are complimented by an eye catching accent wall, enhancing the home’s style. For year-round comfort, mini-split systems are installed for efficient heating and cooling throughout. Upstairs, you’ll find four spacious bedrooms, including a luxurious primary suite. The primary bedroom is generously sized, offering ample space for relaxation, and it connects to an expansive ensuite bathroom, providing a spa-like experience with premium fixtures and finishes. Fully landscaped with nursery sods. Some of the standard features include Low E argon gas windows, R50 insulation in attic, R25 walls including a 1’’ SM under the siding and 35 year shingles, basement exterior walls insulated. kitchen will be complete with appliances. HST included in purchase price. (id:56688)
Property details
Coordinates: [47.493209, -52.828853]
Rooms
| Second level | Laundry room Bath (# pieces 1-6) Bedroom Bedroom Bedroom Ensuite Primary Bedroom | 7.6x5.4 null 4pc 14.8x13.8 null 15.9x10.6 null 17x10.10 null 5pc 17.6x12.6 null |
| Main level | Bath (# pieces 1-6) Not known Dining room Kitchen Den Foyer Family room | 2pc 6.8x7.6 null 10x20 null 15.10x13 null 13.6x13 null 8x9.2 null 19x14.2 null |
Basic Calculator
First Mortgage: $720,000
Mortgage insurance premium: $0
Total Financing: $720,000
Rough closing fee (1.5%): ~ $13,500
Total downpayment with estimated closing fee: $193,500
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $4,128 | $49,536 |
| Gross rental income (income/principal ratio) | 0.459% | 5.504% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $1,125 | $13,500 |
| Vacancy | $207 | $2,477 |
| Management Fee | $331 | $3,963 |
| Expense / Income Ratio | 27.25% | 27.25% |
| Cash Flow | $2,467 | $29,604 |
| Net Operating Income (NOI) | $2,467 | $29,604 |
| Capitalization Rate | 0.27% | 3.29% |
Get in touch
Have a question?
Send a message and Haris will get back to you — usually the same day.