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TelephoneEmail172 Pennywell Road, St. John's, Newfoundland & Labrador, Canada A1C2L6

172 Pennywell Road

St. John's, NL, A1C2L6

location

4 Beds | 3 Baths

$369,900

172 Pennywell Road St. John's Newfoundland & Labrador Canada A1C2L6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
172 Pennywell Road St. John's Newfoundland & Labrador Canada A1C2L6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
172 Pennywell Road St. John's Newfoundland & Labrador Canada A1C2L6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
172 Pennywell Road St. John's Newfoundland & Labrador Canada A1C2L6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
172 Pennywell Road St. John's Newfoundland & Labrador Canada A1C2L6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
172 Pennywell Road St. John's Newfoundland & Labrador Canada A1C2L6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
172 Pennywell Road St. John's Newfoundland & Labrador Canada A1C2L6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
172 Pennywell Road St. John's Newfoundland & Labrador Canada A1C2L6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
172 Pennywell Road St. John's Newfoundland & Labrador Canada A1C2L6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
172 Pennywell Road St. John's Newfoundland & Labrador Canada A1C2L6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
172 Pennywell Road St. John's Newfoundland & Labrador Canada A1C2L6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
172 Pennywell Road St. John's Newfoundland & Labrador Canada A1C2L6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
172 Pennywell Road St. John's Newfoundland & Labrador Canada A1C2L6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
172 Pennywell Road St. John's Newfoundland & Labrador Canada A1C2L6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
172 Pennywell Road St. John's Newfoundland & Labrador Canada A1C2L6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
172 Pennywell Road St. John's Newfoundland & Labrador Canada A1C2L6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
172 Pennywell Road St. John's Newfoundland & Labrador Canada A1C2L6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
172 Pennywell Road St. John's Newfoundland & Labrador Canada A1C2L6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
172 Pennywell Road St. John's Newfoundland & Labrador Canada A1C2L6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
172 Pennywell Road St. John's Newfoundland & Labrador Canada A1C2L6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
172 Pennywell Road St. John's Newfoundland & Labrador Canada A1C2L6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
172 Pennywell Road St. John's Newfoundland & Labrador Canada A1C2L6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
172 Pennywell Road St. John's Newfoundland & Labrador Canada A1C2L6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
172 Pennywell Road St. John's Newfoundland & Labrador Canada A1C2L6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
172 Pennywell Road St. John's Newfoundland & Labrador Canada A1C2L6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
172 Pennywell Road St. John's Newfoundland & Labrador Canada A1C2L6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
172 Pennywell Road St. John's Newfoundland & Labrador Canada A1C2L6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
172 Pennywell Road St. John's Newfoundland & Labrador Canada A1C2L6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
172 Pennywell Road St. John's Newfoundland & Labrador Canada A1C2L6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
172 Pennywell Road St. John's Newfoundland & Labrador Canada A1C2L6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
172 Pennywell Road St. John's Newfoundland & Labrador Canada A1C2L6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
172 Pennywell Road St. John's Newfoundland & Labrador Canada A1C2L6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
172 Pennywell Road St. John's Newfoundland & Labrador Canada A1C2L6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
172 Pennywell Road St. John's Newfoundland & Labrador Canada A1C2L6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
172 Pennywell Road St. John's Newfoundland & Labrador Canada A1C2L6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty

Presented By

Haris Barki
Haris Barki
REALTOR ®
Keller Williams Platinum Realty
About the property (MLS: 1282001):

ATTENTION INVESTORS! Revenue potential of $40,000+ annually, this registered 3-unit, city center property presents a unique opportunity for the savvy investor or those looking to live mortgage free! This detached home, situated on an oversized lot, provides off-street parking in the front and also at the rear. The property is divided into 3 flats, all with electric heat and separate meters. The bright and spacious 2-bedroom main floor unit (currently owner occupied) consists of a large living room with hardwood floor, kitchen with tons of cabinetry space/storage, in-unit laundry and access to the deck, two bedrooms and main 4-piece bathroom. Upstairs houses a charming 1-bedroom apartment with living room, kitchen and 3-piece bathroom (currently rented to excellent tenant paying $900/month POU). The ground level apartment, with grade level entry, consists of a living room, kitchen, bedroom and 4-piece bathroom. This well-kept home is ideally located within walking distance to the downtown core, Memorial University and Health Sciences Centre and conveniently situated on a bus route. Recent improvements include front retaining wall, exterior paint, new exterior doors for front and basement, and shingles replaced in 2020. Don’t miss out! Offers to be submitted by Friday, February 28 @ 12pm and left open for acceptance until Friday, February 28 @ 5pm (id:56688)

Property Details
MLS: 1282001
Listing ID: 27950120
Address: 172 Pennywell Road, St. John's, Newfoundland & Labrador, Canada A1C2L6
Status: Active
Last updated: 18 days ago ( Feb 27, 2025 )
Year Built: 1963
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 4
Baths: 3
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Mixed Flooring
Living Area Total: 2,152 square feet
Price per sq ft: $172
Tax Annual Amount: $2,766
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Hardwood, Mixed Flooring
Exterior Features: Other
Common Interest: Freehold
Number of photos available: 35
Rurl
Coordinates: [47.560903, -52.724627]

Rooms

Second level
Bath (# pieces 1-6)
Not known
Not known
Not known
5.6x8.6 3pc
8.5x14.5 null
14.3x11.1 null
10.8x13.6 null
Main level
Bedroom
Bedroom
Bath (# pieces 1-6)
Kitchen
Living room
Porch
9.4x11.4 null
12.11x11.4 null
5.4x7.8 4pc
8.6x15.0 null
16.11x14.11 null
5.4x3.7 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

0000

Investment Calculator:

MonthlyYearly
Gross Revenue$2,368$28,416
Gross rental income (income/principal ratio)0.640%7.682%
Mortgage$0$0
Monthly Expenses$463$5,556
Vacancy$119$1,421
Management Fee$190$2,274
Expense / Income Ratio19.55%19.55%
Cash Flow$1,598$19,176
Net Operating Income (NOI)$1,598$19,176
Capitalization Rate0.43%5.18%
Capitalization Rate: 5.18%
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).): $528,429