32 Frontenac Avenue
Mount Pearl, NL, A1N4V9
5 Beds | 2 Baths
$369,000
About the property (MLS: 1286765):
Welcome to this spacious and well-maintained 2-apartment home—an excellent opportunity for homeowners and investors alike! Featuring 3 bedrooms upstairs and a 2-bedroom registered apartment, this property offers both flexibility and income potential. The main unit includes a functional layout with three generous bedrooms and a comfortable living space. The attached garage is perfect for storage or parking during the colder months. The apartment boasts a beautifully upgraded kitchen, offering a modern feel that tenants will love. With electric heating throughout and separate entrances, both units enjoy privacy and independence. Outside, you’ll find a fully fenced backyard, ideal for kids, pets, or entertaining during summer evenings. Whether you're looking to offset your mortgage with rental income or expand your investment portfolio, this home checks all the boxes. As per seller direction there will be no conveyance of offers prior to 2pm June 25th. (id:56688)
Property Details
Listing ID: 28500615
Address: 32 Frontenac Avenue, Mount Pearl, Newfoundland & Labrador, Canada A1N4V9
Status: Active
Last updated: 20 days ago ( Jun 20, 2025 )
Year Built: 1990
Property Type: Single Family
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: Fence
Living Area Total: 1,988 square feet
Price per sq ft: $186
Tax Annual Amount: $2,183
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 27
Rurl
Coordinates: [47.529898, -52.811952]
Rooms
| Basement | Bath (# pieces 1-6) Not known Not known Not known Not known Storage | 4 pcs 10 x 8 null 8.6 x 11.4 null 12 x 11.4 null 11.6 x 8.6 null 13 x 12.5 null |
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom Living room Kitchen | 4 pcs 10.30 x 8.00 null 11.70 x 10.90 null 12.60 x 10.90 null 17.10 x 13.10 null 10.11 x 10.90 null |
Basic Calculator
First Mortgage: $295,200
Mortgage insurance premium: $0
Total Financing: $295,200
Rough closing fee (1.5%): ~ $5,535
Total downpayment with estimated closing fee: $79,335
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,187 | $26,244 |
| Gross rental income (income/principal ratio) | 0.593% | 7.112% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $462 | $5,544 |
| Vacancy | $110 | $1,313 |
| Management Fee | $175 | $2,100 |
| Expense / Income Ratio | 21.12% | 21.12% |
| Cash Flow | $1,441 | $17,292 |
| Net Operating Income (NOI) | $1,441 | $17,292 |
| Capitalization Rate | 0.39% | 4.69% |
