For sale · MLS® 1304031
7 Patrick Street Unit#6
St. John's, NL, A1E2S5
List price
$199,900
About this propertyMLS® 1304031
Enjoy the best of urban living with this beautifully renovated condo, ideally located within walking distance of St. John’s vibrant downtown core. Shopping, restaurants, amenities, and public transit are all close by, while the nearby Southside Trails offers beautiful hiking and biking trails to enjoy. Fully renovated in 2012, this property offers the privacy and feel of your own home with the convenience and ease of condo living. The open-concept main living area combines the kitchen, dining, and living spaces, creating a bright and inviting environment. The kitchen features a convenient breakfast bar, and stainless steel appliances, while the living area offers a striking stone accent wall and electric fireplace. The spacious rear bedroom provides a quiet retreat and opens directly to a private backyard featuring a patio and charming courtyard garden. Convenient laundry/storage and main full bathroom located just off the bedroom. Hardwood and ceramic flooring run throughout the home, and freshly painted throughout on trend neutral paint pallette, adding to its appeal. Complete with a dedicated parking space, this is an ideal opportunity for a young professional, first-time buyer, or investor looking for a well-maintained property in a highly desirable downtown location. (id:56688)
Property details
Coordinates: [47.552695, -52.715985]
Rooms
| Main level | Bath (# pieces 1-6) Storage Bedroom Kitchen Living room | 8.5 x 5.0 4pc 4.5 x 5.0 null 10.7 x 11.7 null 18.7 x 8.10 null 15.7 x 8.0 null |
Basic Calculator
First Mortgage: $159,920
Mortgage insurance premium: $0
Total Financing: $159,920
Rough closing fee (1.5%): ~ $2,999
Total downpayment with estimated closing fee: $42,979
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $638 | $7,656 |
| Gross rental income (income/principal ratio) | 0.319% | 3.830% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $250 | $3,000 |
| Vacancy | $32 | $383 |
| Management Fee | $52 | $613 |
| Expense / Income Ratio | 39.18% | 39.18% |
| Cash Flow | $306 | $3,672 |
| Net Operating Income (NOI) | $306 | $3,672 |
| Capitalization Rate | 0.15% | 1.84% |
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