For sale · MLS® 1302932
317 - 319 Lemarchant Road
St. John's, NL, A1E1R1
List price
$230,000
About this propertyMLS® 1302932
Welcome to this beautifully updated 3-bedroom, 1-bathroom home, where classic charm meets modern peace of mind. Situated in a rapidly developing neighborhood with a ton of local investment, including off street parking for two vehicles, this property sits on a rare and highly desirable oversized lot. Offering an abundance of outdoor space and incredible potential for future expansion with city approval, this home is a fantastic opportunity for growth. Stepping onto the main level, you will immediately notice the durable and stylish new Stonecore flooring, offering a sleek, contemporary look built to withstand everyday life. The main floor layout connects the living spaces seamlessly, bathed in natural light. Cozy up in the inviting living room, which features a warm and efficient propane fireplace—perfect for chilly evenings. Located just up the stairs, a true highlight of the home is the fully renovated bathroom (2018), designed as a spa-like oasis featuring a walk-in shower, a deep soaker tub, and stylish his-and-her sinkswith plenty of vanity storage. This property stands out for its extensive, high-quality structural and electrical updatescompleted in 2018. The exterior has been completely refreshed with brand-new siding, including all-new sheathing for maximum energy efficiency. Additionally, the electrical system has been fully upgraded to 200 Ampsthroughout the entire house, giving you more than enough power capacity for modern living and any future expansions including potential for an EV charging station. A standout feature of this property is the incredible exterior workshop located on the expansive grounds. The outdoor storage shed features its own dedicated electrical pony panel to easily handle all your heavy-duty power tools; this versatile space functions as the ultimate year-round workshop or enthusiast's retreat. Combining the peace of mind of a 2018 overhaul with a massive lot, prime location. (id:56688)
Property details
Coordinates: [47.550837, -52.726178]
Rooms
| Second level | Bedroom Bedroom Bedroom Primary Bedroom | 11 x 6 null 8.8 x 8.8 null 12 x 13 null 12 x 12.4 null |
| Main level | Living room Dining room Kitchen | 13 x 13 null 12.1 x 11.5 null 13 x 10.7 null |
Basic Calculator
First Mortgage: $184,000
Mortgage insurance premium: $0
Total Financing: $184,000
Rough closing fee (1.5%): ~ $3,450
Total downpayment with estimated closing fee: $49,450
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,541 | $18,492 |
| Gross rental income (income/principal ratio) | 0.670% | 8.040% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $288 | $3,456 |
| Vacancy | $78 | $925 |
| Management Fee | $124 | $1,480 |
| Expense / Income Ratio | 18.69% | 18.69% |
| Cash Flow | $1,053 | $12,636 |
| Net Operating Income (NOI) | $1,053 | $12,636 |
| Capitalization Rate | 0.46% | 5.49% |
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