For sale · MLS® 1303085
17 Livingstone Street
St. John's, NL, A1C1V5
List price
$729,900
About this propertyMLS® 1303085
17 Livingstone Street offers a rare opportunity to own a fully rebuilt, turnkey income property in the heart of downtown St. John’s, generating over $6,000/month in rental revenue. Completely rebuilt from the foundation up in 2014, this standalone property features three fully furnished, self-contained rental units, creating multiple income streams from one premium downtown asset. The flexible layout is ideal for investors or owner-occupants - live in the spectacular penthouse while renting the two units below and using rental income to help offset carrying costs. Each unit has its own private entrance, electrical panel, and laundry, while tenants pay their own utilities. Each unit occupies its own separate floor(s), providing excellent privacy and sound separation. The property also includes a secure, gated storage area - an especially valuable feature in the downtown area. Fully furnished and turnkey, every suite includes a stocked kitchen with cookware, dishes, and utensils. The stunning one-bedroom penthouse features 9-foot ceilings, skylights, executive trim, and a private rear patio overlooking The Narrows. The bright middle-level one-bedroom suite offers an open-concept layout, large kitchen with island, large windows, 9-foot ceilings, one full bathroom, and laundry. The 3rd level has no covered deck. The ground-floor two-bedroom unit spans two floors and includes an open-concept kitchen/living area, two bedrooms, two full bathrooms, a recreation room, and laundry. The current ad incorrectly indicates only one bathroom for this unit. Located within walking distance of restaurants, the Summer Pedestrian Mall, George Street, and the city's vibrant entertainment district, the property offers $6,000+ in monthly revenue ($72,000+ annually), three independent income-producing units, secure storage, and a premium downtown location. (id:56688)
Property details
Coordinates: [47.564385, -52.710908]
Rooms
| Third level | Bath (# pieces 1-6) Bedroom Living room Kitchen | 12X6.5 null 12X10.6 null 19.3X11 null 19.3X13 null |
| Second level | Bath (# pieces 1-6) Bedroom Living room Kitchen | 5X8 null 11.10X8.6 null 13.9X11.5 null 16.4X11.5 null |
| Basement | Bath (# pieces 1-6) Bedroom Recreation room | 5X7 null 11.1X13 null 11.1X34 null |
| Main level | Bath (# pieces 1-6) Bedroom Kitchen Dining room Living room | 5X8 null 11.2X9 null 12.1X10 null 12.1X12.8 null 16.6X11.8 null |
Basic Calculator
First Mortgage: $583,920
Mortgage insurance premium: $0
Total Financing: $583,920
Rough closing fee (1.5%): ~ $10,949
Total downpayment with estimated closing fee: $156,929
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,693 | $32,316 |
| Gross rental income (income/principal ratio) | 0.369% | 4.427% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $913 | $10,956 |
| Vacancy | $135 | $1,616 |
| Management Fee | $216 | $2,586 |
| Expense / Income Ratio | 33.90% | 33.90% |
| Cash Flow | $1,430 | $17,160 |
| Net Operating Income (NOI) | $1,430 | $17,160 |
| Capitalization Rate | 0.20% | 2.35% |
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