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
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
Investment Calculator:
Monthly | Yearly | |
---|---|---|
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 Ratio | 19.55% | 19.55% |
Cash Flow | $1,598 | $19,176 |
Net Operating Income (NOI) | $1,598 | $19,176 |
Capitalization Rate | 0.43% | 5.18% |