For sale · MLS® 1304874
76 Cedar Hill Place
St. John's, NL, A1H0P4
List price
$449,900
About this propertyMLS® 1304874
Welcome to 74 Cedar Hill Place, brought to you by New Victorian Homes, an exciting new offering in the highly anticipated Townhomes at Rivers Edge in Southlands. Situated within a stylish duplex, this thoughtfully designed home offers modern, low-maintenance living while combining contemporary finishes, functional design, & exceptional value. This well-appointed home features 3 bed & 2-& 1 half bath, making it an ideal choice for first-time buyers, downsizers, or investors alike. The bright open-concept main floor is designed for everyday living & entertaining, showcasing a modern kitchen with an eat-in island, spacious dining area, & sliding patio doors leading to the rear patio. The adjoining living room creates a warm & inviting atmosphere with seamless flow throughout the main living space. Upstairs, the primary bedroom offers a walk-in closet & private ensuite, while 2 additional bedrooms provide flexibility for family, guests, or a home office. The undeveloped basement includes laundry & offers excellent potential for future development, whether you envision a rec room, additional bedroom, bathroom, or added storage space. Constructed to New Victorian Homes’ premium standards, this property is designed with comfort & efficiency in mind, featuring digital thermostats, R22 insulated walls, R50 attic insulation, a heat recovery ventilation system, & energy-efficient windows for year-round comfort & reduced operating costs. Outside, the home will be fully landscaped with nursery sod, a paved driveway, & a pressure-treated patio deck. The purchase price also includes all permits & fees, HST, a 10-year Atlantic Home Warranty, & a one-year builder’s wall-to-wall service warranty for added peace of mind. With its modern layout, quality craftsmanship, & unbeatable location within the vibrant Southlands community, 74 Cedar Hill Place presents an outstanding opportunity to own a brand-new home in one of the city’s fastest-growing neighbourhoods. This home is pre-sold. (id:56688)
Property details
Coordinates: [47.498093, -52.816986]
Rooms
| Basement | Utility room Laundry room | 12.2x5.0 null 8.3x5.6 null |
| Second level | Bath (# pieces 1-6) Bedroom Bedroom Ensuite Storage Primary Bedroom | 4.1x5.9 4pc 8.8x9.10 null 9.10x9.4 null 7.0x5.7 3pc 7.0x4.4 null 11.5x11.4 null |
| Main level | Bath (# pieces 1-6) Kitchen Dining room Living room Porch | 7.0x3.6 2pc 8.7x11.0 null 10.3x11.4 null 12.4x9.9 null 6.1x5.5 null |
Basic Calculator
First Mortgage: $359,920
Mortgage insurance premium: $0
Total Financing: $359,920
Rough closing fee (1.5%): ~ $6,749
Total downpayment with estimated closing fee: $96,729
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,342 | $16,104 |
| Gross rental income (income/principal ratio) | 0.298% | 3.579% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $563 | $6,756 |
| Vacancy | $68 | $806 |
| Management Fee | $108 | $1,289 |
| Expense / Income Ratio | 41.95% | 41.95% |
| Cash Flow | $605 | $7,260 |
| Net Operating Income (NOI) | $605 | $7,260 |
| Capitalization Rate | 0.13% | 1.61% |
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