36 Burrage Avenue
Mount Pearl, NL, A1N1V1
5 Beds | 2 Baths
$259,900
About the property (MLS: 1285865):
Attention Investors and First-Time Homebuyers! Don’t miss your opportunity to own this affordable 2 apartment home, ideally located in the heart of Mount Pearl, offering a fantastic opportunity for investment or personal residence. The main unit features a spacious kitchen, a formal dining room, and bright living room. Upstair offers four generously sized bedrooms and full bath. The basement for this unit offers laundry and storage. The lower level includes a self-contained one-bedroom apartment with a private walkout entrance leading to a fully fenced backyard. (id:56688)
Property Details
Listing ID: 28421840
Address: 36 Burrage Avenue, Mount Pearl, Newfoundland & Labrador, Canada A1N1V1
Status: Active
Last updated: 2 days ago ( Jun 10, 2025 )
Year Built: 1971
Property Type: Single Family
Architectural Style: 2 Level
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: Partially fenced
Living Area Total: 2,028 square feet
Price per sq ft: $129
Tax Annual Amount: $1,754
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 21
Rurl
Coordinates: [47.517066, -52.802148]
Rooms
| Basement | Bath (# pieces 1-6) Not known Not known Not known | 4 pcs 11.6 x 12.6 null 9.11 x 12 null 9.4 x 12.3 null |
| Second level | Bath (# pieces 1-6) Bedroom Bedroom Bedroom Primary Bedroom | 4 pcs 8.6 x 9.11 null 9.5 x 10.5 null 10 x 11 null 11.5 x 12.2 null |
| Main level | Dining room Kitchen Living room | 10.11 x 11 null 10.1 x 14 null 13.9 x 15.4 null |
Basic Calculator
First Mortgage: $207,920
Mortgage insurance premium: $0
Total Financing: $207,920
Rough closing fee (1.5%): ~ $3,899
Total downpayment with estimated closing fee: $55,879
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,231 | $26,772 |
| Gross rental income (income/principal ratio) | 0.858% | 10.301% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $325 | $3,900 |
| Vacancy | $112 | $1,339 |
| Management Fee | $179 | $2,142 |
| Expense / Income Ratio | 14.57% | 14.57% |
| Cash Flow | $1,616 | $19,392 |
| Net Operating Income (NOI) | $1,616 | $19,392 |
| Capitalization Rate | 0.62% | 7.46% |
