For sale · MLS® 1303775
6 LeMarchant Road
St. John’s, NL, A1C2G5
List price
$249,900
About this propertyMLS® 1303775
Step into this captivating heritage home where classic charm meets modern upgrades! This well-maintained gem boasts stunning original features, including a beautiful staircase, wainscoting, wood moldings, doors, and trims, all adding to its rich character. The inviting cut glass porch entrance opens to a spacious foyer, setting the tone for the entire home. Throughout the house, you'll find impressive hardwood and softwood floors, exuding warmth and character. The kitchen leads to a fully enclosed, private garden—a peaceful retreat. A separate dining room seamlessly connects to the cozy living room, perfect for both entertaining and everyday living. Upstairs, you’ll find three generous bedrooms and a convenient laundry area. The basement is a fantastic bonus with high ceilings, full insulation, and great storage potential. Enjoy the working dining room fireplace, complete with chimney, as well as a sealed fireplace in the living room for added ambiance. The owner has made numerous upgrades, including a new furnace and oil tank in 2020. New windows and main floor bath in recent years. This home is well-equipped with appliances. The central location offers the best of both worlds: tucked away from the busy street but still close to downtown, shopping, and all the amenities you need. Note: Zoning is CM. Main floor is commercial and second floor is zoned for residential use. A Purchaser can apply to use the main floor as residential use under a discretionary use. Don't miss the opportunity to own this character-filled beauty! (id:56688)
Property details
Coordinates: [47.563864, -52.715349]
Rooms
| Second level | Bath (# pieces 1-6) Bedroom Laundry room Bedroom Primary Bedroom | 2 Pce null 6.9 x 12.85 null 9 x 9.9 null 8.9 x 10 null 12.33 x 13 null |
| Main level | Bath (# pieces 1-6) Kitchen Dining room Living room | 2 Pce null 9.9 x 11 null 11.9 x 12.75 null 11.9 x 16 null |
Basic Calculator
First Mortgage: $199,920
Mortgage insurance premium: $0
Total Financing: $199,920
Rough closing fee (1.5%): ~ $3,749
Total downpayment with estimated closing fee: $53,729
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,161 | $25,932 |
| Gross rental income (income/principal ratio) | 0.865% | 10.377% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $313 | $3,756 |
| Vacancy | $109 | $1,297 |
| Management Fee | $173 | $2,075 |
| Expense / Income Ratio | 14.48% | 14.48% |
| Cash Flow | $1,568 | $18,816 |
| Net Operating Income (NOI) | $1,568 | $18,816 |
| Capitalization Rate | 0.63% | 7.53% |
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