For sale · MLS® 1304658
31 Smith Avenue
St.John's, NL, A1C5E8
List price
$329,900
About this propertyMLS® 1304658
Beautifully maintained, this 3-bedroom, two-storey home is ideally located in the heart of the city and offers the perfect blend of charm, comfort, and modern updates. The bright and inviting main floor features hardwood flooring and a recently reimagined kitchen, thoughtfully renovated with new cabinetry, butcher block countertops, updated appliances, and recessed lighting. The removal of the wall between the kitchen and dining area has created a wonderful open-concept space while exposing the original brick chimney, adding warmth and character to the heart of the home. Just off the kitchen, a door leads to an impressively deep rear yard—a gardener’s dream with plenty of room for children and pets to play. Upstairs, the spacious primary bedroom features hardwood flooring, a generous walk-in closet, and a convenient half-bath ensuite. Two additional bedrooms and a beautifully renovated main bathroom complete the second floor, with the added convenience of laundry relocated from the basement. Outside, the paved driveway offers parking for several vehicles, along with the added bonus of drive-in access to the rear yard. The in-house basement storage area, accessible from the backyard, is ideal for storing motorcycles, sports car, snowblower, or seasonal equipment. Additional highlights include comfortable hot water radiant heating, wiring for a generator hookup, and several important exterior and mechanical upgrades completed just prior to the current owners’ purchase in 2019, including vinyl siding, vinyl windows, electrical updates, and new shingles. Offered for sale for only the second time, this well-cared-for home is a rare opportunity to enjoy character, thoughtful updates, and an exceptional backyard—all in a convenient central location. (id:56688)
Property details
Coordinates: [47.557961, -52.729226]
Rooms
| Basement | Workshop Storage Utility room | 9x10x 9.9 null 20.9 x 9.5 null 30.7 x 10.11 null |
| Second level | Bath (# pieces 1-6) Bedroom Bedroom Ensuite Primary Bedroom | 15.3 x 5.11 null 12.3 x9.7 null 8.6 x 10.11 null 7.3 x 4.7 null 12.3 x 9.7 null |
| Main level | Foyer Kitchen Living room Dining room | 15 x 6 null 15.3 x 10.2 null 15 x11.4 null 15.7 x 10.7 null |
Basic Calculator
First Mortgage: $263,920
Mortgage insurance premium: $0
Total Financing: $263,920
Rough closing fee (1.5%): ~ $4,949
Total downpayment with estimated closing fee: $70,929
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,331 | $27,972 |
| Gross rental income (income/principal ratio) | 0.707% | 8.479% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $413 | $4,956 |
| Vacancy | $117 | $1,399 |
| Management Fee | $187 | $2,238 |
| Expense / Income Ratio | 17.72% | 17.72% |
| Cash Flow | $1,615 | $19,380 |
| Net Operating Income (NOI) | $1,615 | $19,380 |
| Capitalization Rate | 0.49% | 5.87% |
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