115 LaSalle Drive
Mount Pearl, NL, A1N0B2
5 Beds | 4 Baths
$549,900
About the property (MLS: 1282198):
This stunning brand new construction 2-apartment home is available for immediate occupancy. Nestled on a quiet street in the beautiful Pearlview subdivision of Mount Pearl, this residence offers a perfect blend of modern living and functionality. Whether you're looking for a primary residence or an investment property, this home is sure to impress. The main unit features three spacious bedrooms that provide ample space for family living, along with two full and one-half bathrooms; including a beautiful master ensuite. You'll find generous storage solutions, with walk-in closets on the main and off the master bedroom. The contemporary design showcases high-quality craftsmanship and finishes throughout, creating an inviting atmosphere. The open-concept layout boasts a bright and airy main floor with 9ft ceilings, complete with a stylish kitchen, a cozy living area, and a dining space that’s perfect for entertaining. For added convenience, the dedicated laundry area is located on the second floor. The basement apartment offers comfortable living with two inviting bedrooms. It features modern kitchen, a well-appointed bathroom, laundry room, as well as a versatile bonus room that can serve as an office, nursery, or extra storage space—whatever best suits your needs. Additional benefits of this property include significant potential for rental income from both units, great location close to several amenities, exceptional craftsmanship and attention to detail. Includes 7-year Lux Home Warranty to provide peace of mind. Landscaping (front and rear) to be completed and driveway to be paved in the spring. HST included in list price, with any applicable rebate to go back to the vendor. This is a great opportunity to own a high-quality primary home or investment property in a sought-after location. Please call to learn more about this beautiful property or to schedule a private viewing today! Offers to be submitted by Monday, March 10, 2025 at 1PM. (id:56688)
Property Details
Listing ID: 27987870
Address: 115 LaSalle Drive, Mount Pearl, Newfoundland & Labrador, Canada A1N0B2
Status: Active
Last updated: 18 days ago ( Mar 6, 2025 )
Year Built: 2025
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 4
1/2 Baths: 1
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Mixed Flooring
Living Area Total: 2,485 square feet
Price per sq ft: $222
Tax Annual Amount: $3,850
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Wood, Poured Concrete
Heating: Baseboard heaters, Electric
Flooring: Laminate, Mixed Flooring
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 35
Rurl
Coordinates: [47.533317, -52.814134]
Rooms
| Basement | Laundry room Bath (# pieces 1-6) Not known Bedroom Bedroom Living room/Dining room | 4 x 4 null 10 x 5 null 9.6 x 7 null 9.6 x 9.6 null 12.2 x 10 null 23.8 x 11.8 null |
| Second level | Bedroom Bedroom Bath (# pieces 1-6) Laundry room Ensuite Primary Bedroom | 10.2 x 10 null 11 x 10 null 10.6 x 5.10 null 7.6 x 6.6 null 4.10 x 9.4 null 13.6 x 12 null |
| Main level | Storage Foyer Not known Bath (# pieces 1-6) Dining room Kitchen Living room | 5 x 5 null 10 x 6.5 null 7.2 x 5.2 null 7.2 x 5.2 null 16.6 x 8.6 null 13.6 x 12 null 13.6 x 14 null |
Basic Calculator
First Mortgage: $439,920
Mortgage insurance premium: $0
Total Financing: $439,920
Rough closing fee (1.5%): ~ $8,249
Total downpayment with estimated closing fee: $118,229
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,734 | $32,808 |
| Gross rental income (income/principal ratio) | 0.497% | 5.966% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $688 | $8,256 |
| Vacancy | $137 | $1,641 |
| Management Fee | $219 | $2,625 |
| Expense / Income Ratio | 25.16% | 25.16% |
| Cash Flow | $1,691 | $20,292 |
| Net Operating Income (NOI) | $1,691 | $20,292 |
| Capitalization Rate | 0.31% | 3.69% |
