59 Michener Avenue
Mount Pearl, NL, A1N4A2
4 Beds | 3 Baths
$479,900
About the property (MLS: 1293218):
Here’s your opportunity to own a newly renovated 2 apartment home located at 59 Michener Ave in Powers Pond Mt. Pearl close to everything. Walking distance from schools, grocery stores, Kent, Churches & a short drive to Costco & pretty much everything else. Located directly across the road from Power’s Pond Park the exterior was all redone including siding, eavestroughs, facia, doors, windows, plus a brand new 12x16 patio plus 2 brand new metres. Inside the main unit will definitely impress the most discerning buyer as soon as you open the front door. All the flooring, baseboards, heaters, plugs, light fixtures, interior doors, toilet, vanities & a brand new mini split install plus staircase & railings. The kitchen is also brand new done by Crown Cabinets & as a bonus LG Studio appliance package are included. There is nothing left for you to do but move in. R50 in the attic & the basement apartment tenants have been there for 23 years & are willing to continue renting. Backyard has a fence & a baby barn for storage. This is truly a rare find in one of the most sought after locations in the City. (id:56688)
Property Details
Listing ID: 29177603
Address: 59 Michener Avenue, Mount Pearl, Newfoundland & Labrador, Canada A1N4A2
Status: Active
Last updated: a month ago ( Dec 10, 2025 )
Year Built: 1986
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
View: View
Beds: 4
Baths: 3
1/2 Baths: 1
Heating: Electric, Mini-Split
Sewer: Municipal sewage system
Flooring: Laminate, Mixed Flooring
Living Area Total: 2,200 square feet
Price per sq ft: $219
Tax Annual Amount: $2,152
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: Electric, Mini-Split
Flooring: Laminate, Mixed Flooring
Exterior Features: Wood shingles, Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 40
Rurl
Coordinates: [47.520208, -52.828582]
Rooms
| Basement | Bath (# pieces 1-6) Laundry room Family room | 3 Piece null 14.7x11.1 null 20.10x11.3 null |
| Main level | Bath (# pieces 1-6) Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom Eat in kitchen Living room/Dining room | 3 Piece null 2 Piece null 10.11x9.5 null 10.11x8.2 null 12.11x8.2 null 20.1x13 null 27.1x12.1 null |
Basic Calculator
First Mortgage: $383,920
Mortgage insurance premium: $0
Total Financing: $383,920
Rough closing fee (1.5%): ~ $7,199
Total downpayment with estimated closing fee: $103,179
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,420 | $29,040 |
| Gross rental income (income/principal ratio) | 0.504% | 6.051% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $600 | $7,200 |
| Vacancy | $121 | $1,452 |
| Management Fee | $194 | $2,324 |
| Expense / Income Ratio | 24.79% | 24.79% |
| Cash Flow | $1,506 | $18,072 |
| Net Operating Income (NOI) | $1,506 | $18,072 |
| Capitalization Rate | 0.31% | 3.77% |
