18 Second Street
Mount Pearl, NL, A1N1Y4
0 Bed |
$420,000
About the property (MLS: 1283792):
This beautifully maintained 3-unit bungalow is located in a lovely, mature neighborhood, offering charm and income potential. The main level features a spacious layout with a large living room warmed by a cozy propane fireplace, a generously sized eat-in kitchen, and four comfortable bedrooms—ideal for families or those who love to entertain. The lower level includes two registered one-bedroom basement apartments, perfect for rental income. Numerous features & updates include a new sewer line added in July 2022, roof shingles replaced in 2020, double paved driveway in 2020, furnace installed in 2016, and pine clapboard siding installed in 2002. Additional insulation was blown into the attic in 2020, enhancing the home's energy efficiency. Outdoors, the property shines with a beautifully landscaped backyard, complete with an 11' x 13' patio deck that’s ideal for relaxing or entertaining and a 12' x 20' shed provides ample storage space. This property is a rare find—offering both character and functionality in a well-established neighborhood. (id:56688)
Property Details
Listing ID: 28230365
Address: 18 Second Street, Mount Pearl, Newfoundland & Labrador, Canada A1N1Y4
Status: Active
Last updated: 15 days ago ( May 5, 2025 )
Year Built: 1967
Property Type: Single Family
Structure Type: Multi-Family
Ownership Type: Freehold
Beds: 0
Heating: Baseboard heaters, Oil, Propane
Sewer: Municipal sewage system
Flooring: Hardwood, Laminate, Carpeted, Other
Living Area Total: 2,824 square feet
Price per sq ft: $149
Tax Annual Amount: $4,324
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Baseboard heaters, Oil, Propane
Flooring: Hardwood, Laminate, Carpeted, Other
Fireplace Features: Insert, Propane
Exterior Features: Other
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 32
Rurl
Coordinates: [47.517544, -52.810849]
Rooms
Basic Calculator
First Mortgage: $336,000
Mortgage insurance premium: $0
Total Financing: $336,000
Rough closing fee (1.5%): ~ $6,300
Total downpayment with estimated closing fee: $90,300
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,107 | $37,284 |
| Gross rental income (income/principal ratio) | 0.740% | 8.877% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $525 | $6,300 |
| Vacancy | $156 | $1,865 |
| Management Fee | $249 | $2,983 |
| Expense / Income Ratio | 16.90% | 16.90% |
| Cash Flow | $2,179 | $26,148 |
| Net Operating Income (NOI) | $2,179 | $26,148 |
| Capitalization Rate | 0.52% | 6.23% |
