About the property (MLS: 1286712):
Superbly maintained Registered 2-apartment home in popular Pearlview subdivision. This well cared for property is a must-see for a buyer looking for an affordable home in a great neighbourhood with excellent rental income potential or investors looking to secure two move-in ready units in a market where those opportunities are increasingly hard to find. Freshly painted with light modern colours, new flooring in the apartment and bathrooms, new vanities and various other cosmetic updates, great room sizes, bright and functional with all above ground windows in the basement, a flat, fenced, accessible and well kept yard with baby barn storage shed; this home has a lot to offer and is ready for new owners and tenants. As per sellers directive no offers to be conveyed to the seller prior to 2pm on the 24th of June 2025. (id:56688)
Property Details
Listing ID: 28491608
Address: 45 Frontenac Avenue, Mount Pearl, Newfoundland & Labrador, Canada A1N4Z4
Status: Active
Last updated: 19 days ago ( Jun 22, 2025 )
Year Built: 1993
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Carpeted, Other
Living Area Total: 1,800 square feet
Price per sq ft: $195
Tax Annual Amount: $2,179
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Laminate, Carpeted, Other
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 20
Rurl
Coordinates: [47.529533, -52.812262]
Rooms
Basement | Bedroom Bedroom Living room Kitchen Foyer | 8x9.5 null 10.2x11.3 null 11.9x13 null 10.5x8.10 null 14x3.4 null |
Main level | Bedroom Bedroom Primary Bedroom Kitchen Living room Foyer | 10.5x8.8 null 10.5x8.8 null 11.3x11.7 null 11.3x9.1 null 11.3x9.1 null 6x6.8 null |
Basic Calculator
First Mortgage: $279,920
Mortgage insurance premium: $0
Total Financing: $279,920
Rough closing fee (1.5%): ~ $5,249
Total downpayment with estimated closing fee: $75,229
Investment Calculator:
Monthly | Yearly | |
---|---|---|
Gross Revenue | $1,981 | $23,772 |
Gross rental income (income/principal ratio) | 0.566% | 6.794% |
Mortgage | $0 | $0 |
Monthly Expenses | $438 | $5,256 |
Vacancy | $100 | $1,189 |
Management Fee | $159 | $1,902 |
Expense / Income Ratio | 22.11% | 22.11% |
Cash Flow | $1,286 | $15,432 |
Net Operating Income (NOI) | $1,286 | $15,432 |
Capitalization Rate | 0.37% | 4.41% |