For sale · MLS® 1303864
176 Gower Street
St. John's, NL, A1C1P9
List price
$439,900
About this propertyMLS® 1303864
Semi-detached, three-storey heritage-style home located on historic Gower Street on the corner of a tucked away laneway in downtown St. John's. This 3 bed, 2 bath property has been tastefully and meticulously cared for over the years and is move-in ready. The main floor features hardwood throughout, a front living room with an original fireplace, a formal dining room with built-ins, and a large kitchen at the back with a centre island and a side enclosed entrance to Feaver's Lane parking. The second floor has all newer hardwood throughout, laundry, 2 bedrooms currently used as home offices and a huge renovated 4 piece bathroom with ceramic floors, soaker tub, and a custom shower. The 3rd level is all primary suite with a spacious bedroom large enough for a sitting area or additional office space, a renovated ensuite bathroom with direct access to a side rooftop deck. The basement is dry and has been recently upgraded with crushed stone, insulation and plumbing for a sink. The exterior was recently painted all around and just off Feaver's Lane there is community parking for up to 6 cars. Upgrades over the years include a 200-amp electrical upgrade and electric heat throughout, PEX plumbing, clapboard with sm insulation underneath, basement upgraded, renovated bathrooms, and an added deck to name a few. Ideally located in a sought after area of downtown, this home is ideal as an investment property, for professionals working downtown, or for anyone looking for a classic character home in the downtown core. No Seller's Direction. (id:56688)
Property details
Coordinates: [47.566274, -52.707694]
Rooms
| Basement | Storage | 23.10x19.3 null |
| Third level | Ensuite Primary Bedroom | 3pc 22.9x18.10 null |
| Second level | Bath (# pieces 1-6) Bedroom Bedroom Laundry room | 4pc 12.9x11.1 11.1x11.4 null 11.5x9.3 null 7.1x5.4 null |
| Main level | Living room Dining room Kitchen | 12.8x11.4 null 12.4x11.3 null 14.6x11.5 null |
Basic Calculator
First Mortgage: $351,920
Mortgage insurance premium: $0
Total Financing: $351,920
Rough closing fee (1.5%): ~ $6,599
Total downpayment with estimated closing fee: $94,579
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,929 | $35,148 |
| Gross rental income (income/principal ratio) | 0.666% | 7.990% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $550 | $6,600 |
| Vacancy | $147 | $1,758 |
| Management Fee | $235 | $2,812 |
| Expense / Income Ratio | 18.78% | 18.78% |
| Cash Flow | $1,999 | $23,988 |
| Net Operating Income (NOI) | $1,999 | $23,988 |
| Capitalization Rate | 0.45% | 5.45% |
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