98 Commonwealth Avenue
Mount Pearl, NL, A1N1W9
4 Beds | 3 Baths
$359,900
About the property (MLS: 1285810):
Savvy investors are going to want to pay attention to this! 98 Commonwealth Avenue is a well maintained, 3-unit property located on bus routes and within walking distance to plenty of amenities! The main floor consists of two, 1-bedroom units, each with their own living room, kitchen, bathroom, and laundry facilities. Downstairs, the above ground, third unit boasts 2 bedrooms, along with kitchen, living, room, and laundry. Each of these units is self contained with their own entries, and plenty of parking. The fully fenced backyard also features a single car garage for added storage and the sun porch at the rear is a lovely addition. Whether you're looking for your own space to call home while supplementing your mortgage or on the hunt for a fantastic investment property, this home could check all the boxes. (id:56688)
Property Details
Listing ID: 28406467
Address: 98 Commonwealth Avenue, Mount Pearl, Newfoundland & Labrador, Canada A1N1W9
Status: Active
Last updated: 18 days ago ( Jun 3, 2025 )
Year Built: 1978
Property Type: Single Family
Structure Type: Multi-Family
Ownership Type: Freehold
Beds: 4
Baths: 3
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Laminate, Other, Mixed Flooring
Living Area Total: 2,300 square feet
Price per sq ft: $157
Tax Annual Amount: $2,124
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: See remarks
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Laminate, Other, Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 31
Rurl
Coordinates: [47.51309, -52.801671]
Rooms
| Basement | Bedroom Bedroom Kitchen Living room | 12.5x14.30 null 10.9x12.0 null 24.0x15.0 null 11.9x14.5 null |
| Main level | Bedroom Kitchen Living room Bedroom Kitchen Living room | 11.0x15.0 null 14.3x8.2 null 14.3x9.0 null 14.10x9.9 null 10.0x12.0 null 12.5x14.3 null |
Basic Calculator
First Mortgage: $287,920
Mortgage insurance premium: $0
Total Financing: $287,920
Rough closing fee (1.5%): ~ $5,399
Total downpayment with estimated closing fee: $77,379
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,530 | $30,360 |
| Gross rental income (income/principal ratio) | 0.703% | 8.436% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $450 | $5,400 |
| Vacancy | $127 | $1,518 |
| Management Fee | $203 | $2,429 |
| Expense / Income Ratio | 17.79% | 17.79% |
| Cash Flow | $1,752 | $21,024 |
| Net Operating Income (NOI) | $1,752 | $21,024 |
| Capitalization Rate | 0.49% | 5.84% |
