2 Pleasant Avenue
Mount Pearl, NL, A1N1S3
5 Beds | 2 Baths
$339,900
About the property (MLS: 1287092):
PRE-INSPECTED!! Situated on a corner lot in the heart of Mount Pearl, this 2-Apartment home has been well maintained and is move-in ready! The main floor features a large living room, formal dining and kitchen which boasts ample cupboard space and access to the rear patio. The main also has main bathroom and three bedrooms. The basement has a family room as well as laundry room with additional storage. The two bedroom basement apartment was put in 19 years ago and shows beautifully. The apartment features an open concept design with bathroom, two bedrooms and separate laundry. At the front you will find parking for three vehicles, the large side yard has the potential for a second driveway or could be fenced for the family to enjoy! This property has had many upgrades over the years including; roof (4 years), additional insulation in the attic, mini-split heat pump, pex plumbing (minus main bathroom), electrical was fully redone when apartment was added (19 years), windows, new HRV (8 years). The property is extremely efficient with the main unit costing just $107/mth on EPP!!! Basement apartment comes furnished!!! As per attached Seller's Direction, there will be no conveyance of offers prior to 11am on Thursday, July 3rd with offers to remain open until 4pm the same day. (id:56688)
Property Details
Listing ID: 28530839
Address: 2 Pleasant Avenue, Mount Pearl, Newfoundland & Labrador, Canada A1N1S3
Status: Active
Last updated: 14 days ago ( Jun 27, 2025 )
Year Built: 1969
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: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 2,016 square feet
Price per sq ft: $169
Tax Annual Amount: $1,782
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator, Stove, Oven - Built-In, See remarks
Water Source: Municipal water
Foundation Details: Concrete, Poured Concrete
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 46
Rurl
Coordinates: [47.518533, -52.794084]
Rooms
| Basement | Bedroom Recreation room | 9.0x10.11 null 27.0x10.8 null |
| Main level | Bedroom Bedroom Primary Bedroom Kitchen Dining room Living room | 8.4x10 null 9.8x12.2 null 10.0x12.1 null 9.0x9.7 null 10.01x10.2 null 12.9x13.3 null |
Basic Calculator
First Mortgage: $271,920
Mortgage insurance premium: $0
Total Financing: $271,920
Rough closing fee (1.5%): ~ $5,099
Total downpayment with estimated closing fee: $73,079
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,218 | $26,616 |
| Gross rental income (income/principal ratio) | 0.653% | 7.831% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $425 | $5,100 |
| Vacancy | $111 | $1,331 |
| Management Fee | $178 | $2,130 |
| Expense / Income Ratio | 19.16% | 19.16% |
| Cash Flow | $1,505 | $18,060 |
| Net Operating Income (NOI) | $1,505 | $18,060 |
| Capitalization Rate | 0.44% | 5.31% |
