8 Wellington Crescent
Mount Pearl, NL, A1N2E1
5 Beds | 2 Baths
$369,900
About the property (MLS: 1286033):
Welcome to 8 Wellington Crescent, a centrally located and well-maintained registered two-apartment home nestled in the heart of Mount Pearl. Proudly owner-occupied for over 35 years, this property offers both comfort and convenience, with close proximity to schools of all levels, Costco, recreational facilities, and other essential amenities—making location one of its greatest assets. The main floor features an enclosed porch that leads into a bright and inviting living space, seamlessly connected to the kitchen and dining area. This level also includes three spacious bedrooms and a full bathroom. Recent upgrades include a newly installed mini split system on both levels, providing energy-efficient heating and cooling throughout the home. Electrical has been upgraded, new heaters throughout, new mini split(s) and hot water tanks all replaced recently. The basement apartment offers a generous two-bedroom layout and has seen numerous renovations in recent years, including a modernized kitchen and bathroom. This unit is ideal for generating rental income to help offset mortgage costs. Situated on an oversized, fully fenced lot with ample parking, this property presents exceptional value. It must be seen in person to truly appreciate the care and condition that has been maintained over the years. As per sellers direction, there will be no conveyance of offers before 12pm on Monday June. 9th all offers to be left open until 4pm of the same day. (id:56688)
Property Details
Listing ID: 28422207
Address: 8 Wellington Crescent, Mount Pearl, Newfoundland & Labrador, Canada A1N2E1
Status: Active
Last updated: 7 days ago ( Jun 5, 2025 )
Year Built: 1978
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: Two Apartment House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 5
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Other
Fencing: Fence
Living Area Total: 2,078 square feet
Price per sq ft: $179
Tax Annual Amount: $2,133
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Laminate, Other
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 27
Rurl
Coordinates: [47.513434, -52.82002]
Rooms
| Basement | Living room Kitchen Laundry room Bath (# pieces 1-6) Bedroom Bedroom | 12.1x15.0 null 12.4x13.0 null 12.1x12.2 null 8.8x5.1 null 9.5x12.2 null 12.0x8.10 null |
| Main level | Kitchen Dining room Living room Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom | 10.1x10.3 null 10.1x9.10 null 11.8x20.5 null 8.9x4.10 null 12.2x8.1 null 12.2x10.4 null 12.4x13.4 null |
Basic Calculator
First Mortgage: $295,920
Mortgage insurance premium: $0
Total Financing: $295,920
Rough closing fee (1.5%): ~ $5,549
Total downpayment with estimated closing fee: $79,529
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,286 | $27,432 |
| Gross rental income (income/principal ratio) | 0.618% | 7.416% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $463 | $5,556 |
| Vacancy | $115 | $1,372 |
| Management Fee | $183 | $2,195 |
| Expense / Income Ratio | 20.25% | 20.25% |
| Cash Flow | $1,526 | $18,312 |
| Net Operating Income (NOI) | $1,526 | $18,312 |
| Capitalization Rate | 0.41% | 4.95% |
