For sale · MLS® 1304071
83 Viking Road
St. John's, NL, A1B1J3
List price
$379,000
About this propertyMLS® 1304071
Coffee, dining and entertainment within walking distance, plus an opportunity to live in the penthouse and rent the main floor! At 83 Viking Road, you’re on the doorsteps of the Avalon Mall and walking distance to MUN, which makes life easy for you and your tenants. Freshly renovated, vacant and available for immediate possession, this distinctive 2-apartment property features a 3-bedroom, 1-bathroom main unit and a unique 2-bedroom, 1-bathroom penthouse apartment. Each unit has its own garage, separate laundry and air exchanger, with electric heat throughout. The siding, windows and roof have all been updated within the past 10 years. Settle into the upper apartment while earning rental income from the main unit, or explore the property as an investment. A proposed floor plan is also available for a potential 3rd unit in the garage space under the city's development regulation revision in July 2024. As per the Seller’s Direction, there will be no conveyance of written signed offers before 6:00 p.m. on Tuesday, October 13, 2026. All offers must remain open for acceptance until 11:00 p.m. that evening. (id:56688)
Property details
Coordinates: [47.55788, -52.751638]
Rooms
| Lower level | Other Utility room Other | 11.10 x 19.7 null 10.4 x 23.10 null 23.8 x 11.10 null |
| Second level | Not known Not known Bath (# pieces 1-6) Not known Not known Not known | 14.2 x 10.5 null 12.1 x 8.11 null 4pc 10.1 x 8.11 null 14.8 x 11.9 null 13.9 x 8.4 null |
| Main level | Bedroom Bath (# pieces 1-6) Bedroom Kitchen Living room Other Primary Bedroom Foyer | 12.2 x 13.3 null 4pc 12.11 x 11 null 11 x 10.11 null 8.3 x 21.10 null 3.7 x 17.8 null 13.0 x 10.11 null 7.3 x 3.8 null |
Basic Calculator
First Mortgage: $303,200
Mortgage insurance premium: $0
Total Financing: $303,200
Rough closing fee (1.5%): ~ $5,685
Total downpayment with estimated closing fee: $81,485
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,145 | $25,740 |
| Gross rental income (income/principal ratio) | 0.566% | 6.792% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $474 | $5,688 |
| Vacancy | $108 | $1,287 |
| Management Fee | $172 | $2,060 |
| Expense / Income Ratio | 22.10% | 22.10% |
| Cash Flow | $1,393 | $16,716 |
| Net Operating Income (NOI) | $1,393 | $16,716 |
| Capitalization Rate | 0.37% | 4.41% |
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