39 Bannister Street
Mount Pearl, NL, A1N1V2
5 Beds | 2 Baths
$289,900
About the property (MLS: 1280410):
First time buyers or investors will want to take a look at this! 39 Bannister Street is a vacant, 2-apartment home situated in the heart of Mount Pearl! This property presents prime investment potential, or a fantastic way to own your own home with a mortgage helping apartment below. The main unit features a separate porch leading to the bright & spacious living room which features hardwood floors, a cozy electric fireplace, and a large window offering plenty of natural light. The living room opens to the eat-in kitchen which has seen some updating and includes plenty of cabinet and counter space, as well as access to the deck and backyard. The main floor also locates 3 bedrooms as well as an updated main bathroom. The basement for the main unit features a storage area as well as laundry. Outside, the fenced backyard boasts mature trees as well as a storage shed. Downstairs, the 2 bedroom basement apartment is also currently vacant and could be quickly and easily rented in today's market. There is currently no laundry in the apartment, but the ability is there to share laundry with the main unit should you desire. Located near bus routes, shopping, schools, and countless urban amenities, this home won't last long. Arrange your viewing today! As per attached Seller's Direction, there will be no conveyance of offers prior to 6pm on Tuesday, January 7th. (id:56688)
Property Details
Listing ID: 27760643
Address: 39 Bannister Street, Mount Pearl, Newfoundland & Labrador, Canada A1N1V2
Status: Active
Last updated: 12 days ago ( Jan 2, 2025 )
Year Built: 1970
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: Two Apartment House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 5
Baths: 2
1/2 Baths: 0
Heating: Oil, Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 2,000 square feet
Price per sq ft: $145
Tax Annual Amount: $1,662
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Oil, Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 24
Rurl
Coordinates: [47.517273, -52.805045]
Rooms
| Basement | Bath (# pieces 1-6) Not known Not known Not known Not known Utility room | 4.11x8.0 null 8.1x7.9 null 10.1x11.3 null 10.10x11.1 null 15.4x11.2 null 19.9x10.8 null |
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom Eating area Kitchen Living room Foyer | 4.11x9.7 null 7.10x10.0 null 8.1x10.0 null 10.10x9.7 null 7.3x9.7 null 13.6x9.7 null 18.2x15.2 null 5.7x4.8 null |
Basic Calculator
First Mortgage: $231,920
Mortgage insurance premium: $0
Total Financing: $231,920
Rough closing fee (1.5%): ~ $4,349
Total downpayment with estimated closing fee: $62,329
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,200 | $26,400 |
| Gross rental income (income/principal ratio) | 0.759% | 9.107% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $363 | $4,356 |
| Vacancy | $110 | $1,320 |
| Management Fee | $176 | $2,112 |
| Expense / Income Ratio | 16.50% | 16.50% |
| Cash Flow | $1,551 | $18,612 |
| Net Operating Income (NOI) | $1,551 | $18,612 |
| Capitalization Rate | 0.54% | 6.42% |
