For sale · MLS® 1304547
37 Kincaid Street
St. John's, NL, A1A6A5
List price
$459,900
About this propertyMLS® 1304547
Welcome to this beautiful two-apartment home in the heart of highly desirable Airport Heights! Ideally located in a sought-after, family-friendly neighbourhood, this property offers the perfect combination of comfortable living and income potential, with schools, shopping, restaurants, and everyday amenities just minutes away. The bright and inviting main unit features a spacious open-concept layout, perfect for both everyday living and entertaining. The beautiful kitchen offers white cabinetry, stainless steel appliances, and a convenient sit-up peninsula, flowing seamlessly into the dining and living areas. Beautiful hardwood flooring adds warmth throughout the main living spaces, while a mini split provides efficient heating and cooling. The main floor also offers three bedrooms, including a primary bedroom with walk-in closet and full ensuite. An additional full bath completed this floor. Downstairs, there is no shortage of space with a large rec room, additional 1/2 bath and laundry. The fully developed basement features a self-contained two bedroom apartment with its own kitchen, living area, and bathroom. Currently occupied by a long-term tenant on a month-to-month lease, this space provides an excellent opportunity for rental income to help offset mortgage costs. Outside, enjoy a fully fenced backyard with mature trees, a 10x13 deck perfect for relaxing or entertaining, and a 12x12 storage shed. The paved driveway accommodates two vehicles, with potential to extend parking toward the rear of the property. Whether you’re looking for a family home with additional income or an investment opportunity in a fantastic location, this well-maintained two-apartment property in Airport Heights is one you won’t want to miss! As per Seller Direction there will be no conveyance of offers prior to 5pm October 26th, all offers to remain open for consideration until 10pm the same day. (id:56688)
Property details
Coordinates: [47.601715, -52.746755]
Rooms
| Basement | Bath (# pieces 1-6) Bedroom Bedroom Living room Eat in kitchen Laundry room Bath (# pieces 1-6) Recreation room | 4 pcs 8.01 x 12.00 null 12.01 x 12.00 null 11.04 x 10.02 null 13.03 x 13.00 null 4.10 x 5.00 null 2 pcs 16.00 x 12.04 null |
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Ensuite Primary Bedroom Kitchen Dining room Living room Foyer | 4 pcs 12.01 x 9.07 null 11.02 x 7.10 null 3 pcs 11.04 x 11.04 null 12.09 x 11.08 null 16.00 x 11.10 null 15.01 x 14.00 null 6.04 x 6.01 null |
Basic Calculator
First Mortgage: $367,920
Mortgage insurance premium: $0
Total Financing: $367,920
Rough closing fee (1.5%): ~ $6,899
Total downpayment with estimated closing fee: $98,879
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,742 | $32,904 |
| Gross rental income (income/principal ratio) | 0.596% | 7.155% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $575 | $6,900 |
| Vacancy | $138 | $1,646 |
| Management Fee | $220 | $2,633 |
| Expense / Income Ratio | 20.97% | 20.97% |
| Cash Flow | $1,811 | $21,732 |
| Net Operating Income (NOI) | $1,811 | $21,732 |
| Capitalization Rate | 0.39% | 4.73% |
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