For sale · MLS® 1303362
6 Dorset Street
St.John's, NL, A1B1W9
List price
$359,000
About this propertyMLS® 1303362
Spacious 6-bedroom home offering approximately 2,400 sq. ft. of developed living space in a highly convenient location near Memorial University, the Health Sciences Centre, Avalon Mall, public transit, shopping, and everyday amenities. The main floor features three generously sized bedrooms, a full bathroom with stand-up shower, a bright living room with fireplace, dining area, and a large eat-in kitchen. The fully developed lower level offers three additional bedrooms, a second full bathroom, large laundry room, den, and additional flexible living space. Recent improvements include new flooring in the kitchen and bedrooms, along with 30-year shingles installed in 2020 and a fiberglass oil tank. With its generous room sizes and functional layout, this property is an excellent option for a large family looking for plenty of living space in a central location. It also presents strong potential for investors looking to explore conversion into a two-apartment home, with ample space and a layout that could accommodate separate living areas. Whether for a growing family or as an investment opportunity near MUN and the Health Sciences Centre, this property offers space, flexibility, and excellent potential to add value. (id:56688)
Property details
Coordinates: [47.563797, -52.744112]
Rooms
| Basement | Recreation room Laundry room Bedroom Bedroom Bedroom | 15.00 X 12.50 null 14.00 X 9.00 null 10.50 X 8.50 null 11.50 X 9.50 null 11.50 X 9.50 null |
| Main level | Bedroom Bedroom Primary Bedroom Dining room Living room Kitchen | 10.00 X 10.00 null 11.50 X 10.00 null 13.00 X 11.00 null 11.00 X 8.00 null 18.00 X 12.50 null 17.50 X 11.50 null |
Basic Calculator
First Mortgage: $287,200
Mortgage insurance premium: $0
Total Financing: $287,200
Rough closing fee (1.5%): ~ $5,385
Total downpayment with estimated closing fee: $77,185
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,640 | $31,680 |
| Gross rental income (income/principal ratio) | 0.735% | 8.825% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $449 | $5,388 |
| Vacancy | $132 | $1,584 |
| Management Fee | $212 | $2,535 |
| Expense / Income Ratio | 17.01% | 17.01% |
| Cash Flow | $1,848 | $22,176 |
| Net Operating Income (NOI) | $1,848 | $22,176 |
| Capitalization Rate | 0.51% | 6.18% |
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