4 Clinton Place
Mount Pearl, NL, A1N3S3
5 Beds | 2 Baths
$389,900
About the property (MLS: 1285870):
Ideal investment or live-in rental opportunity in the heart of Mount Pearl! This well-kept two-apartment home sits on a spacious lot near schools, shopping, and all amenities. The main floor features 3 bedrooms, 1 bathroom, an open-concept kitchen and dining area, bright living room, and a bonus rec-room in the basement. The self-contained 2-bedroom basement apartment includes a full bathroom, eat-in kitchen, and cozy living room. For added comfort, the owner installed Safe’n’Sound insulation between floors to minimize noise. Main unit is vacant ; basement apartment is rented at $750 POU. Includes a storage shed and plenty of outdoor space. Don’t miss this solid income property! All offers to be submitted by 2pm on June 5, 2025 and to be left opened until 7pm. (id:56688)
Property Details
Listing ID: 28406004
Address: 4 Clinton Place, Mount Pearl, Newfoundland & Labrador, Canada A1N3S3
Status: Active
Last updated: 18 days ago ( Jun 3, 2025 )
Year Built: 1996
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 2
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Fencing: Fence
Living Area Total: 2,034 square feet
Price per sq ft: $192
Tax Annual Amount: $2,537
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 26
Rurl
Coordinates: [47.522841, -52.820302]
Rooms
| Basement | Not known Not known Not known Not known Recreation room | 9.6x12 null 7.3x9 null 12x11 null 9x14 null 12x13 null |
| Main level | Porch Bedroom Bedroom Primary Bedroom Kitchen Living room | 4x7 null 9.6x7.7 null 11x9 null 12x12 null 12x19 null 12x16 null |
Basic Calculator
First Mortgage: $311,920
Mortgage insurance premium: $0
Total Financing: $311,920
Rough closing fee (1.5%): ~ $5,849
Total downpayment with estimated closing fee: $83,829
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,238 | $26,856 |
| Gross rental income (income/principal ratio) | 0.574% | 6.888% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $488 | $5,856 |
| Vacancy | $112 | $1,343 |
| Management Fee | $180 | $2,149 |
| Expense / Income Ratio | 21.81% | 21.81% |
| Cash Flow | $1,460 | $17,520 |
| Net Operating Income (NOI) | $1,460 | $17,520 |
| Capitalization Rate | 0.37% | 4.49% |
