For sale · MLS® 1303924
2 Blackmarsh Road
St. John's, NL, A1E1S3
List price
$479,900
About this propertyMLS® 1303924
Welcome to 2 Blackmarsh Road, with an expansive oversized lot in one of the City’s most convenient locations. With a beautifully landscaped setting, mature greenery, newly paved multi-car driveway, and spacious backyard full of opportunity, this property offers rare outdoor space with endless potential. Whether you envision building your dream garage, a private backyard retreat, or the potential for a future backyard suite for added income under the City's new development guidelines (subject to city approvals), the possibilities are endless. Extensively renovated, this stunning property blends modern upgrades with timeless charm. The exterior has been refreshed with all new siding, new shingles, new windows and doors for enhanced efficiency and curb appeal. Inside, the home has been thoughtfully transformed with crown moldings, window trims, baseboards, stylish shiplap accents, and new flooring throughout, while the original staircase has been beautifully maintained to preserve its character (including new insulation & gyproc). The bright, updated interior features a custom kitchen with modern finishes and a striking backsplash, along with beautifully renovated bathrooms including a stunning custom tile shower on the upper level. Upstairs, the loft offers the perfect flex space for a bedroom, office, or cozy retreat, complete with a custom coffee bar to elevate your mornings. Additional upgrades include new doors & hardware, lighting, electrical and heaters Major mechanical improvements provide peace of mind, including all new PEX plumbing, hot water boiler, new HVAC system, & new sewer and water lines extending to the main road. Outside, enjoy the impressive 12x30 rear deck, mature landscaping, new concrete walkway and new paved driveway. A rare offering with exceptional lot size, extensive renovations, & unbeatable central convenience. (id:56688)
Property details
Coordinates: [47.554158, -52.727343]
Rooms
| Second level | Other Bath (# pieces 1-6) Bedroom | 4 x 5 null 3 pcs 17 x 7 null |
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Living room Kitchen | 5 pcs 11.4 x 12.7 null 11.3 x 9.11 null 13.2 x 11.3 null 11.6 x 13.10 null |
Basic Calculator
First Mortgage: $383,920
Mortgage insurance premium: $0
Total Financing: $383,920
Rough closing fee (1.5%): ~ $7,199
Total downpayment with estimated closing fee: $103,179
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,508 | $18,096 |
| Gross rental income (income/principal ratio) | 0.314% | 3.771% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $600 | $7,200 |
| Vacancy | $76 | $905 |
| Management Fee | $121 | $1,448 |
| Expense / Income Ratio | 39.79% | 39.79% |
| Cash Flow | $712 | $8,544 |
| Net Operating Income (NOI) | $712 | $8,544 |
| Capitalization Rate | 0.15% | 1.78% |
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