For sale · MLS® 1304235
29 London Road
St. John's, NL, A1B2G9
List price
$589,900
About this propertyMLS® 1304235
Welcome to this extensively renovated home, offering modern updates throughout and a brand new in-law apartment, perfect for extended family, guests, or additional living space. From top to bottom, this property has been thoughtfully upgraded with quality and functionality in mind. The exterior features new siding and new windows, complemented by all-new window dressings. Inside, the home has been freshly painted throughout and boasts new flooring throughout, including beautiful new hardwood floors in the living room, dining area, and kitchen. The kitchen has been refreshed with new cabinets and some new appliances, along with a new laundry hookup conveniently located in the mudroom off the kitchen. All three bathrooms have been extensively renovated, providing a fresh, modern feel. Major mechanical and structural improvements include new PEX plumbing throughout, removal of the oil furnace and oil tank, an upgraded 200-amp electrical panel, and all-new electric heat throughout the home. The basement was completely stripped out and rebuilt with new insulation and framing, while new window wells and egress windows were added at the front of the home to improve natural light and functionality. With an impressive list of upgrades already completed, including the addition of a new in-law apartment, this home offers peace of mind, modern comfort, and excellent versatility for today’s homeowner. Move-in ready and extensively updated, simply unpack and enjoy! Fireplaces are not functional and would be the Purchasers responsibility to get it WETT certified. (id:56688)
Property details
Coordinates: [47.590541, -52.727526]
Rooms
| Basement | Storage Utility room | 34.5x11 null 21.1x22.2 null |
| Lower level | Office Not known Not known Bath (# pieces 1-6) | 9.10x12.5 null 16.6x11.6 null 12.11x14.8 null 14x8.3 null |
| Second level | Ensuite Primary Bedroom Bedroom Bedroom Bath (# pieces 1-6) | 7.5x6.2 null 11.1x14.8 null 12.5x12.8 null 12.8x12.7 null 11.1x8.4 null |
| Main level | Mud room Kitchen Eating area Living room Porch | 6.5x7.11 null 14.10x11.6 null 12.8x11.6 null 13.10x23.2 null 6.6x3.6 null |
Basic Calculator
First Mortgage: $471,920
Mortgage insurance premium: $0
Total Financing: $471,920
Rough closing fee (1.5%): ~ $8,849
Total downpayment with estimated closing fee: $126,829
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,189 | $38,268 |
| Gross rental income (income/principal ratio) | 0.541% | 6.487% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $738 | $8,856 |
| Vacancy | $160 | $1,914 |
| Management Fee | $256 | $3,062 |
| Expense / Income Ratio | 23.14% | 23.14% |
| Cash Flow | $2,037 | $24,444 |
| Net Operating Income (NOI) | $2,037 | $24,444 |
| Capitalization Rate | 0.35% | 4.14% |
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