113 LaSalle Drive
Mount Pearl, NL, A1N0B2
5 Beds | 4 Baths
$554,900
About the property (MLS: 1282962):
Another beautiful new 2-apartment home, built by Kestrel Developments, is nearing completion and will be available for occupancy in late-May. 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 and walk-in pantry, 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 / pantry. 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 1 & 8-year Lux Home Warranty to provide peace of mind. Professional landscaping (front and rear) to be completed and 24' x 31' driveway to be paved in the spring (Late May / Early June). HST included in list price, with any applicable rebate to go back to the vendor. (id:56688)
Property Details
Listing ID: 28077458
Address: 113 LaSalle Drive, Mount Pearl, Newfoundland & Labrador, Canada A1N0B2
Status: Active
Last updated: 7 days ago ( May 13, 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: $224
Tax Annual Amount: $3,850
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: 32
Rurl
Coordinates: [47.533328, -52.814063]
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: $443,920
Mortgage insurance premium: $0
Total Financing: $443,920
Rough closing fee (1.5%): ~ $8,324
Total downpayment with estimated closing fee: $119,304
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,734 | $32,808 |
| Gross rental income (income/principal ratio) | 0.493% | 5.912% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $694 | $8,328 |
| Vacancy | $137 | $1,641 |
| Management Fee | $219 | $2,625 |
| Expense / Income Ratio | 25.38% | 25.38% |
| Cash Flow | $1,685 | $20,220 |
| Net Operating Income (NOI) | $1,685 | $20,220 |
| Capitalization Rate | 0.30% | 3.64% |
