For sale · MLS® 1304818
3A Forest Road
St. John's, NL, A1C2B8
List price
$599,900
About this propertyMLS® 1304818
Welcome to 3A Forest Road, also known as the East Wing of Devon Place, a distinguished residence dating back to 1895. Ideally situated in the heart of St. John’s historic quarter, this exceptional heritage property which was owned by some of the most prestigious merchant families in the early 20th century offers one of the most sought-after locations in the city. Designed by renowned architect William Howe Greene-also known for Cabot Tower-this home is a fine example of Classical Revival architecture. This beautifully maintained two-storey showcases timeless elegance & remarkable original detail throughout. The living and dining rooms are truly breathtaking, featuring original wainscoting, intricate cherub cornice mouldings, solid wood doors, & expansive windows that fill the space with natural light. The living room is anchored by one of the most striking fireplaces in the city, creating a warm & inviting focal point. A grand foyer welcomes you inside, highlighted by an impressive original staircase & a bright skylight overhead. The charming kitchen, complete with an adjoining pantry, opens to a backyard full of potential for gardening or outdoor living. Upstairs, you’ll find three generously sized bedrooms, including a primary bedroom with its own fireplace. The main bathroom blends classic & modern with a clawfoot tub & a separate walk-in glass block shower. The basement offers excellent potential for additional living space, whether as a rec room, home office, or studio. Thoughtfully updated for modern living, the home features a newly installed heat pump system, upgraded attic & basement insulation, & an exterior EV charging port in the driveway. A rare opportunity to own a piece of architectural history—this is a home that must be experienced to be fully appreciated. (id:56688)
Property details
Coordinates: [47.572331, -52.701191]
Rooms
| Basement | Utility room | 21 x 27 null |
| Second level | Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom | 10.5 x 13.8 null 10.5 x 16.11 null 22.6 x 14.10 null 22.6 x 13.2 null |
| Main level | Porch Bath (# pieces 1-6) Kitchen Dining room Living room/Fireplace | 8.6 x 7.6 null 10.5 x 7.3 null 10.5 x 16.5 null 22.6 x 14.2 null 22.6 x 14.11 null |
Basic Calculator
First Mortgage: $479,920
Mortgage insurance premium: $0
Total Financing: $479,920
Rough closing fee (1.5%): ~ $8,999
Total downpayment with estimated closing fee: $128,979
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $4,305 | $51,660 |
| Gross rental income (income/principal ratio) | 0.718% | 8.611% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $750 | $9,000 |
| Vacancy | $216 | $2,583 |
| Management Fee | $345 | $4,133 |
| Expense / Income Ratio | 17.42% | 17.42% |
| Cash Flow | $2,996 | $35,952 |
| Net Operating Income (NOI) | $2,996 | $35,952 |
| Capitalization Rate | 0.50% | 5.99% |
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