98 Commonwealth Avenue
Mount Pearl, NL, A1N1W9
4 Beds | 3 Baths
$359,900
About the property (MLS: 1285809):
Savvy investors are going to want to pay attention to this! 98 Commonwealth Avenue is a well maintained two apartment property located on bus routes and within walking distance to plenty of amenities! The main floor boasts living room, kitchen, bathroom, and laundry facilities. Downstairs, the above ground unit boasts 2 bedrooms, along with kitchen, living, room, and laundry. 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: 28406468
Address: 98 Commonwealth Avenue, Mount Pearl, Newfoundland & Labrador, Canada A1N1W9
Status: Active
Last updated: 10 days ago ( Jun 11, 2025 )
Year Built: 1978
Property Type: Single Family
Structure Type: Two Apartment House
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
Garage? Yes
Attached Garage? No
Carport? No
Open Parking? No
Garage Spaces: 1
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: [47.512945, -52.801499]
Rooms
| Basement | Bedroom Bedroom Kitchen Living room | 12.5x14.3 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% |
