About this propertyMLS® 1304044
Fully renovated inside and out and tucked away in one of the West End's most desirable neighbourhoods on what's locally known as Old Topsail Road. This 2 bed, 2.5 bath property sits in the coveted Waterford Valley, has been stripped to the studs and completely upgraded throughout offering a remarkably move-in-ready, executive-style family home. The main floor is open concept with all contemporary finishes featuring original exposed brick, bright living and dining spaces, a beautiful kitchen with high end appliances, a half bath, pantry, and access to a grade level private deck. The stairs to the second level have all new treads and carpet. This level features a spacious primary bedroom with a gorgeous ensuite bathroom, a main bath with a cast-iron soaker tub, a nice guest bedroom and a home office that has plumbing in place for a laundry hookup. The basement has walk-in access from the side, including a mudroom, laundry area, and storage. The exterior features an extensively upgraded and terraced garden area with raised flower and veggie beds and drainage. In addition to the major renovation in 2020, some of the most recent upgrades include: an electric hot water furnace & 200 amp electrical upgrade, wiring for an EV charger, hot water tank, 2 mini splits, deck extension with privacy walls, new rear fence, stone flower garden at the front, and painting throughout. This home is immaculate and will be ideal for all kinds of buyers including first time home buyers, small families or anyone looking for a truly move-in ready property. There will be no conveyance of any offers until Sunday October 11 at 3pm. (id:56688)
Property details
Coordinates: [47.542292, -52.73254]
Rooms
| Second level | Office Bedroom Bath (# pieces 1-6) Ensuite Primary Bedroom | 8.6x7.3 null 11.4x9.10 null 3pc 3pc 14.8x9.8 null |
| Main level | Bath (# pieces 1-6) Living room Eating area Kitchen | 2pc 11.4x11.1 null 10.1x7.8 null 11x8.5 null |
Basic Calculator
First Mortgage: $303,920
Mortgage insurance premium: $0
Total Financing: $303,920
Rough closing fee (1.5%): ~ $5,699
Total downpayment with estimated closing fee: $81,679
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,939 | $23,268 |
| Gross rental income (income/principal ratio) | 0.510% | 6.125% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $475 | $5,700 |
| Vacancy | $97 | $1,164 |
| Management Fee | $156 | $1,862 |
| Expense / Income Ratio | 24.50% | 24.50% |
| Cash Flow | $1,212 | $14,544 |
| Net Operating Income (NOI) | $1,212 | $14,544 |
| Capitalization Rate | 0.32% | 3.83% |
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