28 Frontenac Avenue
Mount Pearl, NL, A1N4V7
4 Beds | 3 Baths
$294,900
About the property (MLS: 1285374):
Welcome to 28 Frontenac Avenue in Mount Pearl, this 2-apartment home is perfect for first time home buyers or investors alike. The main unit features 2 spacious bedrooms, a bright living area, a functional kitchen, full bath, and in-unit laundry. The self-contained basement apartment offers 2 additional bedrooms, its own kitchen, living space, bathroom, private laundry, and a separate entrance—ideal for generating rental income or housing extended family. Located in a quiet, family-friendly neighbourhood, this property offers double off-street parking, separate electrical meters, and is close to shopping and public transit. A great opportunity in a prime location—book your private viewing today! No conveyance of offers until 8pm Saturday May 24, 2025. All Offers to be left open until 11pm. (id:56688)
Property Details
Listing ID: 28351829
Address: 28 Frontenac Avenue, Mount Pearl, Newfoundland & Labrador, Canada A1N4V7
Status: Active
Last updated: 4 days ago ( May 22, 2025 )
Year Built: 1993
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 4
Baths: 3
1/2 Baths: 1
Heating: Forced air, Oil, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Ceramic Tile, Mixed Flooring
Living Area Total: 1,900 square feet
Price per sq ft: $156
Tax Annual Amount: $2,205
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Stove, Dryer
Water Source: Municipal water
Foundation Details: Concrete
Heating: Forced air, Oil, Electric
Flooring: Laminate, Ceramic Tile, Mixed Flooring
Exterior Features: Wood shingles, Vinyl siding
Common Interest: Freehold
Number of photos available: 23
Rurl
Coordinates: [47.52956, -52.81191]
Rooms
| Basement | Living room Bath (# pieces 1-6) Kitchen Utility room Bedroom Bedroom | 14 x 11.6 null 6 x 6.8 null 12 x 7.4 null 10.6 x 10 null 12 x 10 null 10.6 x 12 null |
| Main level | Bedroom Kitchen Primary Bedroom Bath (# pieces 1-6) Living room | 12.6 x 11.6 null 14 x 14 null 12 x 14 null 6 x 7.2 null 13 x 14 null |
Basic Calculator
First Mortgage: $235,920
Mortgage insurance premium: $0
Total Financing: $235,920
Rough closing fee (1.5%): ~ $4,424
Total downpayment with estimated closing fee: $63,404
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,090 | $25,080 |
| Gross rental income (income/principal ratio) | 0.709% | 8.505% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $369 | $4,428 |
| Vacancy | $105 | $1,254 |
| Management Fee | $168 | $2,007 |
| Expense / Income Ratio | 17.66% | 17.66% |
| Cash Flow | $1,450 | $17,400 |
| Net Operating Income (NOI) | $1,450 | $17,400 |
| Capitalization Rate | 0.49% | 5.90% |
