42 Kirkston Avenue
CBS, NL, A1L3V9
4 Beds | 4 Baths
$699,900
About the property (MLS: 1292755):
This beautifully designed, registered two-apartment, split-entry home offers modern finishes and exceptional functionality. Its walk-out basement apartment is one of the nicest you'll find, with the entire living area fully above ground for maximum natural light. The main floor includes an open concept living area, a bright white kitchen with a striking blue island, a large primary bedroom with a walk-in closet and ensuite, a convenient main-floor laundry room, and a spacious second bedroom. The main unit's basement includes a large rec room with its own dedicated half bath, which could also function as a third bedroom—an ideal private guest or teenager suite. The main home is equipped with a three-head mini-split system (with its own dedicated condenser) and its own HRV system for efficient year-round comfort. The bright two-bedroom apartment is fully above grade, featuring a ground-level walk-out and an open-concept layout. It is completely self-contained with its own electrical meter, laundry, HRV, and mini-split system (with a dedicated condenser), making it perfect for extended family or for generating reliable rental income. Additional highlights include a partial ocean view, a 7-year Atlantic Home Warranty, two double paved driveways, a storage shed, and low-maintenance landscaping. Superbly located in CBS, right next to the Paradise town boundary, this home offers quick access to Mount Pearl and St. John’s, with Costco roughly 10 minutes away and public post-secondary institutions (MUN and CNA) about 20 minutes away. It is also situated in a highly sought-after school zone offering excellent primary through high schools. A perfect blend of style, comfort, location, and income potential—this is a truly standout property. (id:56688)
Property Details
Listing ID: 29132230
Address: 42 Kirkston Avenue, CBS, Newfoundland & Labrador, Canada A1L3V9
Status: Active
Last updated: 22 days ago ( Dec 7, 2025 )
Year Built: 2024
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 4
Baths: 4
1/2 Baths: 1
Heating: Baseboard heaters, Electric, Mini-Split
Sewer: Municipal sewage system
Flooring: Laminate, Other
Living Area Total: 3,000 square feet
Price per sq ft: $234
Tax Annual Amount: $4,039
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric, Mini-Split
Flooring: Laminate, Other
Exterior Features: Brick, Vinyl siding
Common Interest: Freehold
Number of photos available: 34
Rurl
Coordinates: [47.516721, -52.920433]
Rooms
| Basement | Bath (# pieces 1-6) Not known Not known Not known Not known Not known Bath (# pieces 1-6) Recreation room | 3 PC null 9.9 x 10.8 null 9.11 x 10.8 null 5 x 8 null 9 x 11 null 14 x 10 null 2 PC null 21.6 X 18 null |
| Main level | Bath (# pieces 1-6) Bedroom Ensuite Primary Bedroom Dining nook Kitchen Living room | 4 PC null 10 x 11.8 null 3 PC null 12 x 20 null 8 x 12 null 11.1 x 12 null 12x 12 null |
Basic Calculator
First Mortgage: $559,920
Mortgage insurance premium: $0
Total Financing: $559,920
Rough closing fee (1.5%): ~ $10,499
Total downpayment with estimated closing fee: $150,479
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,301 | $39,612 |
| Gross rental income (income/principal ratio) | 0.472% | 5.660% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $875 | $10,500 |
| Vacancy | $166 | $1,981 |
| Management Fee | $265 | $3,169 |
| Expense / Income Ratio | 26.51% | 26.51% |
| Cash Flow | $1,997 | $23,964 |
| Net Operating Income (NOI) | $1,997 | $23,964 |
| Capitalization Rate | 0.29% | 3.42% |
