For sale · MLS® 1304383
10 Johnson Crescent
St. John's, NL, A1B2J4
List price
$399,900
About this propertyMLS® 1304383
A fantastic opportunity for an owner-occupier or investor! 10 Johnson Crescent is a well-cared-for two-apartment home offering two spacious three-bedroom units, separate driveways and a convenient St. John’s location. The vacant main-floor unit is bright and spacious, with a fresh modern paint scheme and plenty of natural light throughout. It is ready for immediate occupancy, making it an excellent option for buyers looking to move in while benefiting from rental income below. The three-bedroom basement apartment has been occupied by the same tenants for almost 10 years, and they would be happy to remain. One of the standout features of this property is the setting. The home backs directly onto parkland and green space and offers a huge, fully fenced backyard surrounded by mature trees, creating a private and peaceful outdoor space that is hard to find in such a central location. There is plenty of room for children, pets, gardening, entertaining or simply enjoying the backyard, along with a storage shed for added convenience. The location is ideal for students, faculty, families and professionals. The Marine Institute is within walking distance, while Memorial University and downtown are just a short bus ride away. Everyday amenities, shopping and services are also close at hand. With six bedrooms in total, two separate driveways, established rental income and vacant possession available on the main floor, this property offers excellent flexibility as a home with income or investment. See the interactive tours for a complete look at both units. Seller’s Direction: No conveyance of offers prior to 3:00 PM October 21. Offers to remain open until 8:00 PM. (id:56688)
Property details
Coordinates: [47.591423, -52.729978]
Rooms
| Basement | Bedroom Bedroom Primary Bedroom Laundry room Bath (# pieces 1-6) Kitchen Living room/Dining room | 8.2X10.10 null 10.2X11.7 null 11.8X12 null 3.4X3 null 4.11X8 null 5.4X16.5 null 15.2X16.9 null |
| Main level | Laundry room Bedroom Bedroom Primary Bedroom Bath (# pieces 1-6) Kitchen Dining room Living room Foyer | 6.1X21 null 8.9x10 null 8.9x10 null 11.2x11.5 null 5.1x11.5 null 11.5x11.9 null 8.4x11.2 null 14x16.3 null 3.9x8.9 null |
Basic Calculator
First Mortgage: $319,920
Mortgage insurance premium: $0
Total Financing: $319,920
Rough closing fee (1.5%): ~ $5,999
Total downpayment with estimated closing fee: $85,979
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,420 | $29,040 |
| Gross rental income (income/principal ratio) | 0.605% | 7.262% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $500 | $6,000 |
| Vacancy | $121 | $1,452 |
| Management Fee | $194 | $2,324 |
| Expense / Income Ratio | 20.66% | 20.66% |
| Cash Flow | $1,606 | $19,272 |
| Net Operating Income (NOI) | $1,606 | $19,272 |
| Capitalization Rate | 0.40% | 4.82% |
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