For sale · MLS® 1304814
14 Horwood Street
St. John's, NL, A1A1X5
List price
$379,900
About this propertyMLS® 1304814
Prime East End location with immediate income potential! Located in one of St. John’s most sought-after neighbourhoods, 14 Horwood Street is within walking distance of restaurants, shopping, grocery stores, schools, parks, public transit, and everyday amenities. Close to the College of the North Atlantic (CNA), with the Marine Institute and Memorial University just a short ride away. This extensively renovated home offers modern finishes, exceptional build quality, and a bright, airy atmosphere. The updated kitchen features new cabinetry, countertops, and a centre island, opening into a spacious living area with a working, WETT-certified fireplace. Improvements include new windows, flooring, lighting, interior finishes, updated bathrooms featuring a brand-new Bath Fitter bathtub in the main unit, and a new electrical service and panel. Renovations were completed with applicable City of St. John’s permits and inspections. The spacious in-law apartment is a standout feature, with an oversized bedroom, generous living room, separate office, new flooring, and fresh paint throughout. Large above-ground windows flood the space with natural light, making it feel anything but a basement apartment. Separate paved parking adds convenience and rental appeal. Both the main residence and apartment are vacant, offering immediate occupancy and the opportunity to begin earning rental income right away. A brand-new paved driveway and backyard vehicle access complete this exceptional East End property Offers will be conveyed on Saturday October 31 at 2:00 p.m. as per the Seller’s direction. Offers are to remain open until 6:00 PM (id:56688)
Property details
Coordinates: [47.585617, -52.711516]
Rooms
| Basement | Bath (# pieces 1-6) Not known Not known Not known Storage Utility room Laundry room | 4 PC null 10.8 X 11.5 null 7.8 X 8.5 null 11.4 X 13 null 10X 6 null 10.5 X 10 null 15.10 X 10.5 null |
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom Kitchen Eating area Family room/Fireplace | 4 PC null 10.8 X 11.5 null 9.11 X 10.1 null 11.7 X 11.1 null 9.1X 12.7 null 8.6 X 9 null 12.11 X 13.1 null |
Basic Calculator
First Mortgage: $303,920
Mortgage insurance premium: $0
Total Financing: $303,920
Rough closing fee (1.5%): ~ $5,699
Total downpayment with estimated closing fee: $81,679
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,528 | $30,336 |
| Gross rental income (income/principal ratio) | 0.665% | 7.985% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $475 | $5,700 |
| Vacancy | $127 | $1,517 |
| Management Fee | $203 | $2,427 |
| Expense / Income Ratio | 18.79% | 18.79% |
| Cash Flow | $1,725 | $20,700 |
| Net Operating Income (NOI) | $1,725 | $20,700 |
| Capitalization Rate | 0.45% | 5.45% |
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