For sale · MLS® 1304303
93 LeMarchant Road
St. John's, NL, A1C2H1
List price
$549,000
About this propertyMLS® 1304303
Registered two apartment!! Charming Character Home Located in a residential mixed-use area in the heart of the city centre, this charming character home presents a unique opportunity for savvy investors, multi-generational families, or homeowners looking to offset their mortgage with rental income. Currently configured as two separate homes attached at the rear, this property offers exceptional versatility, combining historic charm with modern updates and improvements completed in recent years. The original home, built in the 1920s, showcases an abundance of character and timeless architectural details, including high ceilings, intricate mouldings and trim work, classic fireplace mantels, and an original staircase. These distinctive features blend beautifully with modern finishes, stunning kitchens, and updated bathrooms. The main residence offers three bedrooms and two-and-a-half bathrooms, providing comfortable and stylish living space. A two-storey addition, constructed at the rear of the property in the 1960s and complete with a basement, provides a second, self-contained living space. With three additional bedrooms and a full bathroom, this unit is ideal for extended family, multi-generational living, or as a potential rental opportunity. Outside, the spacious detached property offers ample parking and a large, private rear patio, creating an inviting outdoor space to relax or entertain. With a total of six bedrooms, three full bathrooms, and two half-bathrooms across both living spaces, this property offers endless possibilities. Whether you're looking to expand your investment portfolio, generate rental income, accommodate extended family, or enjoy the flexibility of two connected living spaces, this distinctive property is a rare opportunity to own a home that seamlessly blends character, functionality, and potential in a convenient city-centre location. Mini splits recently added for comfortable heating and cooling. (id:56688)
Property details
Coordinates: [47.56097, -52.717702]
Rooms
| Basement | Storage Storage Bath (# pieces 1-6) Office Office Storage Storage Storage | 6.9 x 3.5 null 15.11 x 14.10 null 2 Piece null 10.7 x 6.7 null 15.4 x 15.4 null 24.3 x 8.3 null 23.8 x 11.9 null 33.8 x 14.11 null |
| Second level | Storage Office Bath (# pieces 1-6) Primary Bedroom Bath (# pieces 1-6) Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom | 5.9 x 5.4 null 14.4 x 8 10 null 4 Piece null 13.2 x 12.6 null 3 Piece null 4 Piece null 14.8 x 12.11 null 14.8 x 10.0 null 14.3 x 12.7 null |
| Main level | Not known Not known Not known Porch Bath (# pieces 1-6) Living room Dining room Kitchen | 17.0 x 14.1 null 10.10 x 8.2 null 13.8 x 7.10 null 7.9 x 4.1 null 2 Piece null 17.10 x 15.4 null 19.11 x 12.11 null 14.9 x 12.10 null |
Basic Calculator
First Mortgage: $439,200
Mortgage insurance premium: $0
Total Financing: $439,200
Rough closing fee (1.5%): ~ $8,235
Total downpayment with estimated closing fee: $118,035
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $5,397 | $64,764 |
| Gross rental income (income/principal ratio) | 0.983% | 11.797% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $687 | $8,244 |
| Vacancy | $270 | $3,239 |
| Management Fee | $432 | $5,182 |
| Expense / Income Ratio | 12.73% | 12.73% |
| Cash Flow | $4,009 | $48,108 |
| Net Operating Income (NOI) | $4,009 | $48,108 |
| Capitalization Rate | 0.73% | 8.76% |
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