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TelephoneEmail22 Finlaystone Drive, Mount Pearl, Newfoundland & Labrador, Canada A1N0E3

22 Finlaystone Drive

Mount Pearl, NL, A1N0E3

location

5 Beds | 4 Baths

$449,900

22 Finlaystone Drive Mount Pearl Newfoundland & Labrador Canada A1N0E3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
22 Finlaystone Drive Mount Pearl Newfoundland & Labrador Canada A1N0E3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
22 Finlaystone Drive Mount Pearl Newfoundland & Labrador Canada A1N0E3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
22 Finlaystone Drive Mount Pearl Newfoundland & Labrador Canada A1N0E3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
22 Finlaystone Drive Mount Pearl Newfoundland & Labrador Canada A1N0E3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
22 Finlaystone Drive Mount Pearl Newfoundland & Labrador Canada A1N0E3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
22 Finlaystone Drive Mount Pearl Newfoundland & Labrador Canada A1N0E3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
22 Finlaystone Drive Mount Pearl Newfoundland & Labrador Canada A1N0E3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
22 Finlaystone Drive Mount Pearl Newfoundland & Labrador Canada A1N0E3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
22 Finlaystone Drive Mount Pearl Newfoundland & Labrador Canada A1N0E3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
22 Finlaystone Drive Mount Pearl Newfoundland & Labrador Canada A1N0E3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
22 Finlaystone Drive Mount Pearl Newfoundland & Labrador Canada A1N0E3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
22 Finlaystone Drive Mount Pearl Newfoundland & Labrador Canada A1N0E3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
22 Finlaystone Drive Mount Pearl Newfoundland & Labrador Canada A1N0E3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
22 Finlaystone Drive Mount Pearl Newfoundland & Labrador Canada A1N0E3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
22 Finlaystone Drive Mount Pearl Newfoundland & Labrador Canada A1N0E3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
22 Finlaystone Drive Mount Pearl Newfoundland & Labrador Canada A1N0E3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
22 Finlaystone Drive Mount Pearl Newfoundland & Labrador Canada A1N0E3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
22 Finlaystone Drive Mount Pearl Newfoundland & Labrador Canada A1N0E3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
22 Finlaystone Drive Mount Pearl Newfoundland & Labrador Canada A1N0E3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
22 Finlaystone Drive Mount Pearl Newfoundland & Labrador Canada A1N0E3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
22 Finlaystone Drive Mount Pearl Newfoundland & Labrador Canada A1N0E3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
22 Finlaystone Drive Mount Pearl Newfoundland & Labrador Canada A1N0E3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty

Presented By

Haris Barki
Haris Barki
REALTOR ®
Keller Williams Platinum Realty
About the property (MLS: 1278319):

Welcome to 22 Finlaystone Dr, a beautiful 2-apartment home in the heart of Mount Pearl, offering an ideal blend of comfort and modern convenience. With multiple mini-split heat pumps, this home provides efficient heating and cooling, keeping utility costs low all year round. The main unit features a spacious layout with a bright, open living area, complemented by smart switches and a smart doorbell that can be easily controlled from your phone—bringing a touch of convenience to your daily life. The rec room, currently part of the main unit, offers excellent potential as a small in-law suite or live-in rental, providing an additional income opportunity. The downstairs apartment is bright and spacious, currently renting for $1200/month POU, making this property an attractive option for both investors and homeowners looking to supplement their mortgage. Whether you're looking for a comfortable family home with rental potential or a savvy investment opportunity. (id:56688)

Property Details
MLS: 1278319
Listing ID: 27513027
Address: 22 Finlaystone Drive, Mount Pearl, Newfoundland & Labrador, Canada A1N0E3
Status: Active
Last updated: a month ago ( Oct 7, 2024 )
Year Built: 2012
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 4
1/2 Baths: 0
Heating: Baseboard heaters
Sewer: Municipal sewage system
Flooring: Laminate, Mixed Flooring
Living Area Total: 2,400 square feet
Price per sq ft: $188
Tax Annual Amount: $3,389
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Heating: Baseboard heaters
Flooring: Laminate, Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 23
Rurl
Coordinates: [47.533262, -52.805609]

Rooms

Basement
Not known
11.1 x 13.8 null
Lower level
Not known
Not known
Recreation room
12.1 x 12 null
15.1 x 18.2 null
12.6 x 15 null
Main level
Bedroom
Bedroom
Primary Bedroom
Living room
Kitchen
9.10 x 11.6 null
9 x 9.8 null
14.1 x 14.1 null
15 .7 x 12.1 null
10.2 x 15 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

0000

Investment Calculator:

MonthlyYearly
Gross Revenue$2,640$31,680
Gross rental income (income/principal ratio)0.587%7.042%
Mortgage$0$0
Monthly Expenses$563$6,756
Vacancy$132$1,584
Management Fee$212$2,535
Expense / Income Ratio21.33%21.33%
Cash Flow$1,734$20,808
Net Operating Income (NOI)$1,734$20,808
Capitalization Rate0.39%4.63%
Capitalization Rate: 4.63%
After-repair value (ARV) (This is a rule for purchasing and flipping distressed real estate for a profit, which states that the purchase price should be less than 70% of after-repair value (ARV) minus repair costs (rehab).): $642,715