For sale · MLS® 1304866
11 Spruce Grove Avenue
Goulds, NL, A1S0A5
List price
$399,900
About this propertyMLS® 1304866
This beautifully maintained 2-storey home is just 17 years old and shows like the day it was built! Offering 3 bedrooms, 2.5 bathrooms, and a fully developed basement with a fourth bedroom and spacious rec room, there is plenty of room for the whole family. The main floor features beautiful hardwood and ceramic flooring that remain in pristine condition, a modern kitchen with stainless steel appliances included in the sale, a convenient half bath, and main-floor laundry. Two independent mini-split heat pumps, one in the kitchen and another in the primary bedroom, provide added comfort and energy efficiency. Upstairs, the spacious primary bedroom offers the convenience of an ensuite and his-and-hers closets. The fully developed basement provides even more living space, with a fourth bedroom, a full rec room, and plumbing roughed in for a third full bathroom. The hot water tank was replaced in 2023, adding further peace of mind. Outside, a 10' x 16' detached garage offers the perfect space for storing your SxS, snowmobile, or recreational equipment. Backing onto the local high school, the property offers added privacy during evenings and summer months, while also providing convenient access for families with school-aged children. Meticulously cared for and move-in ready, this home offers the space and functionality many buyers are looking for, without the price tag of building new. An exceptional opportunity to own a fully developed home that has clearly been loved and maintained throughout the years! (id:56688)
Property details
Coordinates: [47.458621, -52.782299]
Rooms
| Basement | Bedroom Recreation room | 11.7 x 9.7 null 13.2 x 12 null |
| Second level | Bedroom Bedroom Primary Bedroom | 11.9 x 8.9 null 8.11 x 8.10 null 12.10 x 12 null |
| Main level | Eat in kitchen Living room Porch | 18.3 x 11.9 null 12.8 x 11.4 null 4.9 x 4.3 null |
Basic Calculator
First Mortgage: $319,920
Mortgage insurance premium: $0
Total Financing: $319,920
Rough closing fee (1.5%): ~ $5,999
Total downpayment with estimated closing fee: $85,979
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,993 | $23,916 |
| Gross rental income (income/principal ratio) | 0.498% | 5.980% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $500 | $6,000 |
| Vacancy | $100 | $1,196 |
| Management Fee | $160 | $1,914 |
| Expense / Income Ratio | 25.09% | 25.09% |
| Cash Flow | $1,234 | $14,808 |
| Net Operating Income (NOI) | $1,234 | $14,808 |
| Capitalization Rate | 0.31% | 3.70% |
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