237 ECO Drive
Whitbourne, NL, A1X7P3
3 Beds | 2 Baths
$429,250
About the property (MLS: 1290467):
Another stunning Country Living recreational cottage to be built on a mature lot in Goose Pond Properties. New Eco-Flat development located in Whitbourne, just 45 minutes from St. John's NL. Slab on grade Cottage/Home could be your relaxing retreat, or a home away from home. It's an open concept design, great for your entertainment. (id:56688)
Property Details
MLS: 1290467
Listing ID: 28867376
Address: 237 ECO Drive, Whitbourne, Newfoundland & Labrador, Canada A1X7P3
Status: Active
Last updated: 4 months ago ( Sep 16, 2025 )
Property Type: Recreational
Architectural Style: Bungalow
Structure Type: Recreational
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 3
Baths: 2
1/2 Baths: 0
Heating: Electric
Sewer: Septic tank
Flooring: Mixed Flooring
Living Area Total: 1,185 square feet
Price per sq ft: $363
Tax Annual Amount: $1,025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Drilled Well
Foundation Details: Concrete Slab
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 3
Rurl
Coordinates: [47.499986, -52.998988]
Listing ID: 28867376
Address: 237 ECO Drive, Whitbourne, Newfoundland & Labrador, Canada A1X7P3
Status: Active
Last updated: 4 months ago ( Sep 16, 2025 )
Property Type: Recreational
Architectural Style: Bungalow
Structure Type: Recreational
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 3
Baths: 2
1/2 Baths: 0
Heating: Electric
Sewer: Septic tank
Flooring: Mixed Flooring
Living Area Total: 1,185 square feet
Price per sq ft: $363
Tax Annual Amount: $1,025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Drilled Well
Foundation Details: Concrete Slab
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 3
Rurl
Coordinates: [47.499986, -52.998988]
Rooms
| Main level | Bath (# pieces 1-6) Laundry room Bedroom Bedroom Other Ensuite Primary Bedroom Living room Kitchen | 3PC null 2PC null 11.4X9.4 null 12X11.4 null 5.2X4.6 null 3pc 13.4x12.6 null 16.10X14.2 null 13.6X9 null |
Basic Calculator
First Mortgage: $343,400
Mortgage insurance premium: $0
Total Financing: $343,400
Rough closing fee (1.5%): ~ $6,439
Total downpayment with estimated closing fee: $92,289
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,304 | $15,648 |
| Gross rental income (income/principal ratio) | 0.304% | 3.645% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $537 | $6,444 |
| Vacancy | $66 | $783 |
| Management Fee | $105 | $1,252 |
| Expense / Income Ratio | 41.18% | 41.18% |
| Cash Flow | $598 | $7,176 |
| Net Operating Income (NOI) | $598 | $7,176 |
| Capitalization Rate | 0.14% | 1.67% |
Capitalization Rate: 1.67%
After-repair value (ARV) (This is a rule for purchasing and flipping distressed real estate for a profit, which states that the purchase price should be less than 70% of after-repair value (ARV) minus repair costs (rehab).): $613,215
