About this propertyMLS® 1304919
Extensive and comprehensive redevelopment of a signature ""corner windows"" Churchill Park home originally designed by notable Architect and Planner, Paul Meschino. Over the last two years, this historically significant property has undergone a scope of work by present owner beginning with new municipal servicing, perimeter excavation, new weeping tile and foundation enhancements, through to a thoughtful space reconfiguration comprised of complete new electrical, plumbing, and all interior elements. Beautiful neutral decor and bright living spaces. Custom centre island Kitchen with Quartz counters, premium stainless steel appliances, and Coffee Sitting Area. Open Living and Dining space. Large Front Porch Entry. Powder Room and Family Room/Study and/or Third Bedroom. Luxurious Primary Bedroom Suite including detailed walk-through Closet and custom shower Ensuite. Additional Second Level Bedroom with coffered ceiling and adjacent full Bathroom. Cape Cod siding and Mini split. Partially covered garden patio. New granite steps, concrete walkway, asphalt driveway and landscaping. 20' side yard presenting future opportunity for attached or detached Garage. Remarkable and rare opportunity to acquire an effective new home in the city's most desirable Churchill Square location. Purchase Price includes applicable HST. (id:56688)
Property details
Coordinates: [47.572974, -52.723975]
Rooms
| Basement | Storage Recreation room Laundry room | 9.0x12.0 null 11.0x22.0 null 7.6x16.0 null |
| Second level | Bedroom Ensuite Other Primary Bedroom | 12.10x13.0 null 6.3x8.0 null 6.5x14.0 null 11.10x13.10 null |
| Main level | Bedroom Porch Living room Dining nook Eating area Kitchen | 11.5x16.0 null 6.6x8.2 null 12.0x13.0 null 8.6x11.6 null 4.7x7.6 null 10.0x12.10 null |
Basic Calculator
First Mortgage: $599,200
Mortgage insurance premium: $0
Total Financing: $599,200
Rough closing fee (1.5%): ~ $11,235
Total downpayment with estimated closing fee: $161,035
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,286 | $27,432 |
| Gross rental income (income/principal ratio) | 0.305% | 3.662% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $937 | $11,244 |
| Vacancy | $115 | $1,372 |
| Management Fee | $183 | $2,195 |
| Expense / Income Ratio | 40.99% | 40.99% |
| Cash Flow | $1,052 | $12,624 |
| Net Operating Income (NOI) | $1,052 | $12,624 |
| Capitalization Rate | 0.14% | 1.69% |
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