About this propertyMLS® 1303476
Welcome to 2 Bally Haly Place, a spacious and distinctive bungalow tucked away on a mature, tree-lined lot in one of St. John’s most established residential areas. Offering an impressive 2,702 sq. ft. of developed living space on the main level, this home combines generous room sizes, a functional single-level layout, and tremendous potential for a new owner to make it their own. The home features four bedrooms and two bathrooms, including a generously sized primary bedroom. The thoughtful layout offers an abundance of space for both everyday living and entertaining, with separate living, dining and family rooms. The main living areas are particularly impressive. The living room spans approximately 293 sq. ft., while the 254 sq. ft. family room provides an additional comfortable gathering space. The spacious kitchen, and the large formal dining room offers plenty of room for hosting family and friends. A standout feature is the approximately 276 sq. ft. bonus room, providing a bright and versatile space that can be adapted to suit a variety of needs. Originally constructed as a garage, this area also offers the potential to be converted back to garage space if desired. The property has also benefited from several significant updates in recent years, including shingles approximately seven years ago, triple-glazed windows and exterior doors approximately seven years ago, PEX plumbing throughout with copper remaining at the heating system, and a new boiler installed approximately 1.5 years ago. Outside, mature trees, established grounds and a sweeping paved driveway create a private and welcoming setting. The classic bungalow design and sprawling footprint present an exciting opportunity for buyers seeking substantial one-level living in a sought-after St. John’s neighbourhood. (id:56688)
Property details
Coordinates: [47.590979, -52.701144]
Rooms
| Main level | Ensuite Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom Dining room Foyer Laundry room Family room Living room Not known Kitchen | 5x10.10 null 8.1x13.1 null 9.1x11.6 null 10x11 null 14.8x15.5 null 18.4x12.1 null 6.2x5.1 null 12.7x12 null 18.10x16.5 null 14.7x21.4 null 23.1x11.11 null 16.1x13 null |
Basic Calculator
First Mortgage: $559,920
Mortgage insurance premium: $0
Total Financing: $559,920
Rough closing fee (1.5%): ~ $10,499
Total downpayment with estimated closing fee: $150,479
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,914 | $46,968 |
| Gross rental income (income/principal ratio) | 0.559% | 6.711% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $875 | $10,500 |
| Vacancy | $196 | $2,349 |
| Management Fee | $314 | $3,758 |
| Expense / Income Ratio | 22.36% | 22.36% |
| Cash Flow | $2,531 | $30,372 |
| Net Operating Income (NOI) | $2,531 | $30,372 |
| Capitalization Rate | 0.36% | 4.34% |
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