5 Frobisher Avenue
Mount Pearl, NL, A1N4V7
5 Beds | 2 Baths
$369,000
About the property (MLS: 1286956):
Registered 2 apartment home in a nice quiet, friendly neighborhood with a lovely view. This home has had a number of recent renovations and shows very well with some new flooring, plaster and painting, kitchen upgrade, bathroom renovation, new lighting, exterior doors have been replaced and the roof has just been newly reshingled (June 2025) Good size living room with hardwood floors that runs through the hallway and into the Kitchen eating area. The large kitchen is bright and modern with an eating bar and a door to the back patio. Three bedrooms on the main and the Primary bedroom has a connecting door to the main bath. The basement has a good size rec/room(needs flooring) that could be a forth bedroom and there is a spacious laundry/storage area. The 2 bedroom apartment is bright with 2 good size bedrooms and it's own laundry. There is a good tenant in place that wishes to stay. The double paved driveway is big enough to fit 4 cars and there is a big shed for extra storage. Don't delay!!! As per sellers direction there will be no Conveyance of any written signed offers prior to 4:00pm on Wednesday July 2nd, 2025. All offers to remain open for acceptance until 8:00 pm on Wednesday July 2nd 2025 PLEASE NOTE: Following windows on order and will be replaced before closing: the kitchen window and the primary bedroom window. Also one sealed unit in living room window plus the latches and operator and one sealed unit in first front bedroom plus latches. Operator in third bedroom to be replaced. (id:56688)
Property Details
Listing ID: 28529794
Address: 5 Frobisher Avenue, Mount Pearl, Newfoundland & Labrador, Canada A1N4V7
Status: Active
Last updated: 11 days ago ( Jun 29, 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: Hardwood, Laminate
Living Area Total: 2,060 square feet
Price per sq ft: $180
Tax Annual Amount: $2,268
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: Hardwood, Laminate
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 41
Rurl
Coordinates: [47.529018, -52.811278]
Rooms
| Basement | Bath (# pieces 1-6) Bedroom Bedroom Kitchen Living room Laundry room Recreation room | full null 10'10 x 9'3 null 10'6 x 10'6 null 10'6 x 9 null 13 x 10 null 12'9 x 7'2 null 12'9 x 10'7 null |
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom Kitchen Living room | full null 8'7 x 8 null 9'10 x 8'6 null 12'1 x 11 null 19'3 x 12 null 14'6 x 10'6 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 | $2,266 | $27,192 |
| Gross rental income (income/principal ratio) | 0.614% | 7.369% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $462 | $5,544 |
| Vacancy | $114 | $1,360 |
| Management Fee | $182 | $2,176 |
| Expense / Income Ratio | 20.39% | 20.39% |
| Cash Flow | $1,510 | $18,120 |
| Net Operating Income (NOI) | $1,510 | $18,120 |
| Capitalization Rate | 0.41% | 4.91% |
