For sale · MLS® 1303617
111 Cheeseman Drive
St. John's, NL, A1H0G8
List price
$875,000
About this propertyMLS® 1303617
Welcome to executive living at its finest in the beautiful Southlands community. This fully finished home exemplifies quality from top to bottom and has been freshly painted with new light fixtures in the common areas for that new home feel. Outside, you will find ample parking, meticulously landscaped foliage, a 12' x 18' detached garage and an expansive 29' x 29' fenced deck with southern exposure. The attached garage is impressive, measuring 22' x 26', fan-finished concrete floor, soaring 13' ceiling supports a large loft-style storage area and includes a laundry tub for added utility. Upon entering, you are greeted by beautiful wainscoting and immediately sense the superior craftsmanship throughout. The main floor offers an office, half bath. The kitchen is a chef’s dream, featuring granite countertops, a garbage incinerator, double ovens, a large fridge-freezer, and a bar fridge. A walk-in pantry is located just off the kitchen. The spacious, bright open-concept living room flows seamlessly from the kitchen and is anchored by a propane fireplace, creating a warm and inviting atmosphere. Upstairs, there are two large bedrooms, each with its own four-piece bath. One bedroom also boasts a walk-in bonus room situated above the garage. Laundry facilities are also on the second floor. The generous master bedroom includes an ensuite with a separate toilet room, a jetted tub, and a stand-up shower, offering a private retreat. The walkout basement provides a spacious rec room, a mudroom, a fourth bedroom, another full four-piece bath and wet bar, which is finished with a bronze sink and faucet. The basement offers great potential to convert into an in-law suite. This home is filled with high-end touches, including 9' ceilings on the main level, in-ceiling speakers, Wire-scraped hardwood flooring flows throughout the main and upper levels, heated floors add comfort under ceramic-tiled areas. (id:56688)
Property details
Coordinates: [47.486333, -52.824474]
Rooms
| Basement | Utility room Mud room Bedroom Recreation room Bath (# pieces 1-6) | 13.2 x 7.2 null 13.2 x 9.4 null 11.3 x 14.10 null 25.4 x 16.2 null 7.11 x 9.1 null |
| Main level | Dining room Bath (# pieces 1-6) Family room Not known Kitchen Living room/Fireplace | 14.4 x 16.10 null 6.2 x 5.6 null 12.1 x 15.3 null 6.2 x 6.6 null 12.3 x 12.0 null 13.6 x 18.7 null |
| Second level | Ensuite Primary Bedroom Ensuite Not known Bedroom Laundry room Ensuite Bedroom | 14.3 x 10.6 null 25.4 x 15.2 null 9.10 x 6.5 null 11.7 x 11.6 null 13.8 x 17.1 null 9.1x 9.7 null 7.10 x 9.7 null 11.2 x 12.9 null |
Basic Calculator
First Mortgage: $700,000
Mortgage insurance premium: $0
Total Financing: $700,000
Rough closing fee (1.5%): ~ $13,125
Total downpayment with estimated closing fee: $188,125
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $4,152 | $49,824 |
| Gross rental income (income/principal ratio) | 0.475% | 5.694% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $1,094 | $13,128 |
| Vacancy | $208 | $2,492 |
| Management Fee | $333 | $3,986 |
| Expense / Income Ratio | 26.35% | 26.35% |
| Cash Flow | $2,519 | $30,228 |
| Net Operating Income (NOI) | $2,519 | $30,228 |
| Capitalization Rate | 0.29% | 3.45% |
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