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TelephoneEmail57 Commonwealth Avenue, Mount Pearl, Newfoundland & Labrador, Canada A1N1W9

57 Commonwealth Avenue

Mount Pearl, NL, A1N1W9

location

4 Beds | 1 Bath

$305,000

57 Commonwealth Avenue Mount Pearl Newfoundland & Labrador Canada A1N1W9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
57 Commonwealth Avenue Mount Pearl Newfoundland & Labrador Canada A1N1W9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
57 Commonwealth Avenue Mount Pearl Newfoundland & Labrador Canada A1N1W9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
57 Commonwealth Avenue Mount Pearl Newfoundland & Labrador Canada A1N1W9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
57 Commonwealth Avenue Mount Pearl Newfoundland & Labrador Canada A1N1W9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
57 Commonwealth Avenue Mount Pearl Newfoundland & Labrador Canada A1N1W9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
57 Commonwealth Avenue Mount Pearl Newfoundland & Labrador Canada A1N1W9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
57 Commonwealth Avenue Mount Pearl Newfoundland & Labrador Canada A1N1W9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
57 Commonwealth Avenue Mount Pearl Newfoundland & Labrador Canada A1N1W9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
57 Commonwealth Avenue Mount Pearl Newfoundland & Labrador Canada A1N1W9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
57 Commonwealth Avenue Mount Pearl Newfoundland & Labrador Canada A1N1W9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
57 Commonwealth Avenue Mount Pearl Newfoundland & Labrador Canada A1N1W9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
57 Commonwealth Avenue Mount Pearl Newfoundland & Labrador Canada A1N1W9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
57 Commonwealth Avenue Mount Pearl Newfoundland & Labrador Canada A1N1W9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
57 Commonwealth Avenue Mount Pearl Newfoundland & Labrador Canada A1N1W9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
57 Commonwealth Avenue Mount Pearl Newfoundland & Labrador Canada A1N1W9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
57 Commonwealth Avenue Mount Pearl Newfoundland & Labrador Canada A1N1W9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
57 Commonwealth Avenue Mount Pearl Newfoundland & Labrador Canada A1N1W9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
57 Commonwealth Avenue Mount Pearl Newfoundland & Labrador Canada A1N1W9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
57 Commonwealth Avenue Mount Pearl Newfoundland & Labrador Canada A1N1W9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
57 Commonwealth Avenue Mount Pearl Newfoundland & Labrador Canada A1N1W9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
57 Commonwealth Avenue Mount Pearl Newfoundland & Labrador Canada A1N1W9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
57 Commonwealth Avenue Mount Pearl Newfoundland & Labrador Canada A1N1W9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
57 Commonwealth Avenue Mount Pearl Newfoundland & Labrador Canada A1N1W9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
57 Commonwealth Avenue Mount Pearl Newfoundland & Labrador Canada A1N1W9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
57 Commonwealth Avenue Mount Pearl Newfoundland & Labrador Canada A1N1W9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
57 Commonwealth Avenue Mount Pearl Newfoundland & Labrador Canada A1N1W9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
57 Commonwealth Avenue Mount Pearl Newfoundland & Labrador Canada A1N1W9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
57 Commonwealth Avenue Mount Pearl Newfoundland & Labrador Canada A1N1W9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
57 Commonwealth Avenue Mount Pearl Newfoundland & Labrador Canada A1N1W9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
57 Commonwealth Avenue Mount Pearl Newfoundland & Labrador Canada A1N1W9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
57 Commonwealth Avenue Mount Pearl Newfoundland & Labrador Canada A1N1W9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
57 Commonwealth Avenue Mount Pearl Newfoundland & Labrador Canada A1N1W9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty

Presented By

Haris Barki
Haris Barki
REALTOR ®
Keller Williams Platinum Realty
About the property (MLS: 1280418):

This spacious and charming home is situated on a mature, oversized 60x200 lot with attached shed that can easily be converted to a garage. The main floor has 2 bedrooms, full bath, a lovely and bright living room, unique kitchen area with sunken dining room that overlooks the large & fabulous yard. Downstairs features another 2 bedrooms, spacious laundry/storage room and an abundance of storage areas & closets! Recent upgrades include new 30 yr shingles in November, painted throughout, new sheeting in shed area. Medical clinics, pharmacies, banks, supermarkets and more are just minutes away and within walking distance. This property offers an abundance of potential with the oversized lot; zoned residential/commercial. This is a great opportunity for a savvy investor. (id:56688)

Property Details
MLS: 1280418
Listing ID: 27746626
Address: 57 Commonwealth Avenue, Mount Pearl, Newfoundland & Labrador, Canada A1N1W9
Status: Active
Last updated: 19 days ago ( Jan 25, 2025 )
Year Built: 1955
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 4
Baths: 1
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate
Fencing: Partially fenced
Living Area Total: 900 square feet
Price per sq ft: $339
Tax Annual Amount: $1,700
Garage? Yes
Attached Garage? No
Carport? No
Open Parking? No
Garage Spaces: 1
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Stove, Dryer
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Laminate
Exterior Features: Wood shingles, Vinyl siding
Common Interest: Freehold
Number of photos available: 33
Rurl
Coordinates: [47.516417, -52.805418]

Rooms

Basement
Laundry room
Bedroom
Bedroom
10x12 null
10x13 null
12x14 null
Main level
Kitchen
Bath (# pieces 1-6)
Bedroom
Bedroom
Family room
210x10 null
6x8 null
10x10 null
10x14 null
10x13 null

Basic Calculator



First Mortgage: $244,000

Mortgage insurance premium: $0

Total Financing: $244,000

Rough closing fee (1.5%): ~ $4,575

Total downpayment with estimated closing fee: $65,575

0000

Investment Calculator:

MonthlyYearly
Gross Revenue$991$11,892
Gross rental income (income/principal ratio)0.325%3.899%
Mortgage$0$0
Monthly Expenses$382$4,584
Vacancy$50$595
Management Fee$80$952
Expense / Income Ratio38.55%38.55%
Cash Flow$481$5,772
Net Operating Income (NOI)$481$5,772
Capitalization Rate0.16%1.89%
Capitalization Rate: 1.89%
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).): $435,715