22 White Place
Mount Pearl, NL, A1N2T1
4 Beds | 2 Baths
$199,000
About the property (MLS: 1275367):
Top 5 Reasons You Will Love This Condominium: (1) Exceptional Value: Perfect for first-time home buyers, downsizers, and investors alike, this condominium offers unparalleled affordability. With condo fees of just $235, covering essentials like building insurance, roof maintenance, communal lawn care, snow removal, and garbage disposal, it presents a prime investment opportunity. (2) Prime Location: Situated in the heart of Mount Pearl, this condo provides convenient access to schools, parks, shopping centers, grocery stores, and a variety of local amenities, all within walking distance. Aerial views showcased in the photos highlight its central, accessible location. (3) Spacious Interior: Boasting three bedrooms, an inviting eat-in kitchen, and a living room that opens to a private backyard, this residence offers ample living space tailored for comfort and functionality. (4) Versatile Basement: The finished basement area serves multiple purposes, whether as a fourth bedroom, recreational space, or play area. It also features a convenient two-piece bathroom and a dedicated laundry/storage area, adding to its versatility. (5) Pet-Friendly Environment: This condominium welcomes pets, ensuring a pet-friendly atmosphere that accommodates furry family members. As per Seller's direction, offers will be presented on Sunday, August 4th at 6pm. (id:56688)
Property Details
Listing ID: 27230848
Address: 22 White Place, Mount Pearl, Newfoundland & Labrador, Canada A1N2T1
Status: Active
Last updated: a month ago ( Jul 31, 2024 )
Year Built: 1973
Property Type: Single Family
Ownership Type: Condominium
Beds: 4
Baths: 2
1/2 Baths: 1
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Fencing: Fence
Living Area Total: 1,440 square feet
Price per sq ft: $139
Tax Annual Amount: $1,409
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Stove, Dryer
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Condo/Strata
Association Fee: 235
Number of photos available: 22
Rurl
Coordinates: [47.509165, -52.810722]
Rooms
| Main level | Not known Living room | 14.2 X 12.4 null 14.3 X 11.11 null |
| Second level | Primary Bedroom Bedroom Bedroom Bath (# pieces 1-6) | 11.1 X 11.11 null 10.7 X 8.3 null 8.9 X 8.8 null 7.4 X 4.11 null |
| Basement | Bath (# pieces 1-6) Bedroom Laundry room | 4.6 X 4.3 null 11.1 X 9.7 null 17.5 X 12 null |
Basic Calculator
First Mortgage: $159,200
Mortgage insurance premium: $0
Total Financing: $159,200
Rough closing fee (1.5%): ~ $2,985
Total downpayment with estimated closing fee: $42,785
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,585 | $19,020 |
| Gross rental income (income/principal ratio) | 0.796% | 9.558% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $249 | $2,988 |
| Vacancy | $80 | $951 |
| Management Fee | $127 | $1,522 |
| Expense / Income Ratio | 15.71% | 15.71% |
| Cash Flow | $1,130 | $13,560 |
| Net Operating Income (NOI) | $1,130 | $13,560 |
| Capitalization Rate | 0.57% | 6.81% |
