7 Pittman Place
Mount Pearl, NL, A1N1V4
5 Beds | 2 Baths
$369,900
About the property (MLS: 1281703):
A true “In-Law Property” located on a Family Safe cul-de-sac Lot which is sitting on 12,247 sq feet of land includes a HUGE oversized Rear Yard for outdoor activities. The home offers 2,704 sq feet of living space with 3 (Up) & 2 (In-Law) Bedrooms & each Unit has a full Bathroom. The In-Law unit is Vacant and has its own entrance. There is a propane Fireplace in the roomy Living Room AND there are 3 Mini Split units installed in the home to ensure energy efficient Heating & Cooling all year long. Mt Pearl offers excellent schooling availability…Morris Academy (K-Gr 5) is nearby. You have a short walk to get to Team Gushue Complex and the many businesses on Commonwealth Avenue – such as Tim Horton’s, Coleman’s Grocery, McDonald’s, and many more. Your proximity to the Commercial area of Mount Pearl will provide a vast pool of potential Tenants if you don’t need the In-Law Unit for Family. There is a spacious Storage Shed in the Rear Yard which also offers Southern Exposure [great for growing plants]. Reach out to your Agent to book a viewing soon – don’t be disappointed. No conveyance of any written executed Offers prior to 4:00 PM Sunday February 16th, 2025 as per Seller's Direction. (id:56688)
Property Details
Listing ID: 27907228
Address: 7 Pittman Place, Mount Pearl, Newfoundland & Labrador, Canada A1N1V4
Status: Active
Last updated: a month ago ( Feb 12, 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: Baseboard heaters, Radiant heat, Oil
Sewer: Municipal sewage system
Flooring: Laminate, Other
Living Area Total: 2,704 square feet
Price per sq ft: $137
Tax Annual Amount: $2,371
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Baseboard heaters, Radiant heat, Oil
Flooring: Laminate, Other
Fireplace Features: Insert, Propane
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 29
Rurl
Coordinates: [47.516017, -52.801782]
Rooms
| Lower level | Bath (# pieces 1-6) Not known Not known Laundry room Not known Not known Storage Utility room | BATH4 null 12' 3"" x 8' 2"" null 17' 2"" x 11' 8"" null 17' 8"" x 11' 4"" null 12' 2"" x 12' 6"" null 11' 7"" x 12' 0"" null 11' 4"" x 9' 6"" null 12' 0"" x 11' 4"" null |
| Main level | Bath (# pieces 1-6) Playroom Primary Bedroom Bedroom Office Bedroom Not known Living room/Fireplace | BATH4 null 9' 7"" x 9' 5"" null 17' 2"" x 11' 3"" null 15' 2"" x 9' 2"" null 8' 0"" x 12' 4"" null 11' 0"" x 12' 4"" null 18' 2"" x 9' 6"" null 15' 0"" x 14' 4"" null |
Basic Calculator
First Mortgage: $295,920
Mortgage insurance premium: $0
Total Financing: $295,920
Rough closing fee (1.5%): ~ $5,549
Total downpayment with estimated closing fee: $79,529
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,975 | $35,700 |
| Gross rental income (income/principal ratio) | 0.804% | 9.651% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $463 | $5,556 |
| Vacancy | $149 | $1,785 |
| Management Fee | $238 | $2,856 |
| Expense / Income Ratio | 15.56% | 15.56% |
| Cash Flow | $2,126 | $25,512 |
| Net Operating Income (NOI) | $2,126 | $25,512 |
| Capitalization Rate | 0.57% | 6.90% |
