For sale · MLS® 1303352
8 Walnut Street
St. John's, NL, A1H0P4
List price
$559,900
About this propertyMLS® 1303352
Welcome to 8 Walnut Street, brought to you by New Victoria Homes, an exciting new offering in the highly sought-after River’s Edge community in Southlands. This thoughtfully designed detached home combines modern finishes, functional design, & exceptional value, offering the perfect balance of comfort and contemporary living. Spanning ~1500 square feet, this well-appointed home features 3 bedrooms and 2-&-a-half bathrooms, making it an ideal choice for first-time buyers or growing families. The bright open-concept main floor is designed with both everyday living & entertaining in mind, showcasing a modern kitchen complete with an eat-in island, dining area, & sliding patio doors leading to the rear patio space. The adjoining living room creates a warm & inviting atmosphere with seamless flow throughout the main living area. Upstairs, the primary bedroom features a walk-in closet & ensuite, with 2 additional bedrooms, main bath & laundry. The undeveloped basement offers excellent future development potential, whether you envision a rec room, 4th bedroom, additional bathroom, or extra storage space. Constructed to New Victorian Homes’ premium standards, this property is built with comfort & energy efficiency in mind, featuring digital thermostats, R22 insulated walls, R50 attic insulation, a heat recovery ventilation system, & energy-efficient windows. Outside, the home will be fully landscaped with nursery sod, a paved driveway, & a pressure-treated patio deck, creating attractive curb appeal & enjoyable outdoor living space. The purchase price also includes all permits & fees, HST, a 10-year Atlantic Home Warranty, & a one-year builder’s wall-to-wall service warranty for added peace of mind. With its modern layout, quality craftsmanship, & prime location within the vibrant Southlands community, 8 Walnut Street presents an outstanding opportunity to own a brand-new detached home in one of the city’s fastest-growing & most family-friendly neighbourhoods. (id:56688)
Property details
Coordinates: [47.497333, -52.816554]
Rooms
| Second level | Laundry room Bath (# pieces 1-6) Bedroom Bedroom Ensuite Storage Primary Bedroom | 3.10x6.2 null 5.0x9.0 4pc 10.4x10.9 null 10.3x8.8 null 6.1x6.4 3pc 6.1x4.6 null 14.5x11.7 null |
| Main level | Not known Bath (# pieces 1-6) Dining room Kitchen Living room Porch | 7.3x4.8 null 3.2x6.7 2pc 13.3x10.2 null 13.3x9.4 null 13.3x13.6 null 5.0x5.1 null |
Basic Calculator
First Mortgage: $447,920
Mortgage insurance premium: $0
Total Financing: $447,920
Rough closing fee (1.5%): ~ $8,399
Total downpayment with estimated closing fee: $120,379
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,646 | $19,752 |
| Gross rental income (income/principal ratio) | 0.294% | 3.528% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $700 | $8,400 |
| Vacancy | $83 | $988 |
| Management Fee | $132 | $1,581 |
| Expense / Income Ratio | 42.53% | 42.53% |
| Cash Flow | $733 | $8,796 |
| Net Operating Income (NOI) | $733 | $8,796 |
| Capitalization Rate | 0.13% | 1.57% |
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