For sale · MLS® 1304552
63 Waterford Bridge Road
St. John's, NL, A1E1C5
List price
$285,000
About this propertyMLS® 1304552
Located in the beautiful and established area of Waterford Bridge Road, this property offers an exciting opportunity for buyers looking to add their own personal touch and unlock its full potential. Offering 1,812 sq. ft. of living space, the home features three bedrooms and one bathroom on the main level, along with a one-bedroom, one-bathroom basement apartment layout, providing excellent potential for a two-apartment property. While the home requires some TLC, it offers plenty of opportunity to renovate, update, and build equity in a desirable St. John’s location. Enjoy the character and charm of an established neighbourhood, with mature trees, nearby walking trails, and convenient access to downtown and surrounding amenities. Whether you're an investor, renovator, or buyer looking for a property with income potential, this is an opportunity to bring your vision to life in a sought-after area. With the right updates, this property could be transformed into something truly special! (id:56688)
Property details
Coordinates: [47.544352, -52.723446]
Rooms
| Basement | Dining nook Bath (# pieces 1-6) Living room Kitchen Bedroom | 5.9 x 12.4 null 6.10 x 5.0 null 11.5 x 12.4 null 7.2 x 7.0 null 11.11 x 8.1 null |
| Second level | Bedroom Laundry room Primary Bedroom Bedroom Bath (# pieces 1-6) | 11.1 x 7.8 null 7.11 x 8.2 null 13.8 x 12.0 null 10.7 x 12.5 null 4.9 x 8.2 null |
| Main level | Kitchen Dining room Foyer Living room | 14.6 x 12.7 null 10.3 x 12.7 null 7.2 x 4.7 null 7.6 x 7.8 null |
Basic Calculator
First Mortgage: $228,000
Mortgage insurance premium: $0
Total Financing: $228,000
Rough closing fee (1.5%): ~ $4,275
Total downpayment with estimated closing fee: $61,275
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,994 | $23,928 |
| Gross rental income (income/principal ratio) | 0.700% | 8.396% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $357 | $4,284 |
| Vacancy | $100 | $1,197 |
| Management Fee | $160 | $1,915 |
| Expense / Income Ratio | 17.90% | 17.90% |
| Cash Flow | $1,378 | $16,536 |
| Net Operating Income (NOI) | $1,378 | $16,536 |
| Capitalization Rate | 0.48% | 5.80% |
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