For sale · MLS® 1304557
9 Monkstown Road
St. John's, NL, A1C3T1
List price
$649,900
About this propertyMLS® 1304557
Executive Character Home in the Heart of the Historic Quarter! This exceptional, fully renovated executive two-apartment property offers a rare opportunity for investors or buyers seeking a stylish character home with the added benefit of rental income. With extensive renovations recently completed, this timeless yet undeniably cool property presents outstanding potential for long-term or short-term rentals, including Airbnb. Thoughtfully divided into two incredible two-storey apartments, the home beautifully preserves its original character, featuring soaring ceilings, intricate plaster mouldings, exquisite millwork, an original curved staircase, and oversized windows that fill the interior with natural light. The main/lower-level apartment offers two bedrooms, including one with an ensuite, and 2.5 bathrooms. The spacious eat-in kitchen features stainless steel appliances, backsplash, and abundant cabinetry and counter space, with direct access to the rear garden, perfectly positioned to enjoy the afternoon sun. The lower level boasts heated polished concrete floors, striking exposed stone accent walls, an original stone hearth, a generous living room, office, laundry, and full bathroom. The upper apartment occupies the second and third floors, featuring a new kitchen with stackable laundry, an impressive dining room, and a spacious rear living room with direct access to a private rooftop patio with excellent sun exposure. Upstairs are 2 well-proportioned bedrooms, including one with a walk-in closet, & a new four-piece bathroom. The main-floor unit is tenanted, while the upper apartment is ready for immediate occupancy or your choice of tenant. Complete with a multi-car driveway, this remarkable property has been extensively renovated & lovingly maintained by its long-time owner, offering a truly unique investment in a sought-after historic setting. (id:56688)
Property details
Coordinates: [47.568799, -52.708575]
Rooms
| Third level | Other Not known Not known Bath (# pieces 1-6) | 7.3 x 5.7 null 16.9 x 13.10 null 15.0 x 13.11 null 4 Piece null |
| Second level | Not known Not known Not known | 16.9 x 13.10 null 15.0 x 15.10 null 13.11 x 8.2 null |
| Basement | Laundry room Office Laundry room Recreation room | 3 Piece null 13.11 x 9.7 null 9.7 x 7.3 null 15.2 x 24.1 null |
| Main level | Porch Kitchen Bath (# pieces 1-6) Bedroom Bath (# pieces 1-6) Bedroom Foyer Porch | 6.5 x 3.8 null 19.0 x 12.6 null 2 piece null 16.9 x 16.1 null 4 Piece null 16.9 x 16.3 null 9.9 x 7.3 null 5.1 x. 5.0 null |
Basic Calculator
First Mortgage: $519,920
Mortgage insurance premium: $0
Total Financing: $519,920
Rough closing fee (1.5%): ~ $9,749
Total downpayment with estimated closing fee: $139,729
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,716 | $44,592 |
| Gross rental income (income/principal ratio) | 0.572% | 6.861% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $813 | $9,756 |
| Vacancy | $186 | $2,230 |
| Management Fee | $298 | $3,568 |
| Expense / Income Ratio | 21.88% | 21.88% |
| Cash Flow | $2,420 | $29,040 |
| Net Operating Income (NOI) | $2,420 | $29,040 |
| Capitalization Rate | 0.37% | 4.47% |
Get in touch
Have a question?
Send a message and Haris will get back to you — usually the same day.