56 Olympic Drive
Mount Pearl, NL, A1N4Y8
3 Beds | 2 Baths
$259,900
About the property (MLS: 1294226):
Welcome to 56 Olympic Drive, Mount Pearl, a well-maintained semi-detached home in one of the city’s most walkable and convenient neighborhoods! Offering three bedrooms, 1.5 bathrooms, and a functional layout, this move-in-ready property is ideal for families, first-time buyers, or anyone seeking easy living close to everyday amenities. The main floor features a bright living room and eat-in kitchen, while the second level includes three well-sized bedrooms and a full bath. The fully developed basement adds extra living space with a large rec room, laundry, storage, and a half bath perfect for relaxing, entertaining, or a home office. Recent updates include fresh paint throughout and new stainless steel kitchen appliances in 2023. In 2024, upgrades continued with a new bathroom vanity, back door, deck, and a 16’ x 12’ shed, followed by updated flooring on the main and upper levels and a mini-split heat pump installed in 2025. Outside, enjoy a fully fenced backyard ideal for kids, pets, or summer gatherings. Within walking distance to schools, shopping, restaurants, recreation facilities, Glacier Sports Centre, and the public library, this home offers exceptional value in a prime Mount Pearl location. Don’t miss your opportunity book your private viewing today! No presentation of Offers as per Seller’s instruction until 3 pm on February 7th, 2026 and must be left open until 8 pm on February 7th, 2026. (id:56688)
Property Details
Listing ID: 29312556
Address: 56 Olympic Drive, Mount Pearl, Newfoundland & Labrador, Canada A1N4Y8
Status: Active
Last updated: 3 days ago ( Feb 6, 2026 )
Year Built: 1993
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 3
Baths: 2
1/2 Baths: 1
Heating: Baseboard heaters, Electric, Mini-Split
Sewer: Municipal sewage system
Flooring: Laminate, Carpeted, Other, Mixed Flooring
Fencing: Fence
Living Area Total: 1,554 square feet
Price per sq ft: $168
Tax Annual Amount: $1,588
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator, Dishwasher, Stove, Microwave
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric, Mini-Split
Flooring: Laminate, Carpeted, Other, Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 31
Rurl
Coordinates: [47.505746, -52.817915]
Rooms
| Basement | Other Storage Recreation room Laundry room Bath (# pieces 1-6) Bedroom | 6.0 x 8.4 null 12.2 x 10.10 null 12.2 x 12.10 null 6.0 x 9.1 null 6.0 x 5.11 null 8.3 x 8.4 null |
| Second level | Other Bath (# pieces 1-6) Bedroom Bedroom | 8.3 x 11.0 null 8.3 x 4.7 null 10.4 x 12.10 null 11.1 x 11.6 null |
| Main level | Other Foyer Living room Kitchen Dining room | 6.11 x 9.9 null 4.9 x 3.1 null 11.7 x 12.10 null 11.11 x 11.6 null 6.11 x 11.6 null |
Basic Calculator
First Mortgage: $207,920
Mortgage insurance premium: $0
Total Financing: $207,920
Rough closing fee (1.5%): ~ $3,899
Total downpayment with estimated closing fee: $55,879
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,710 | $20,520 |
| Gross rental income (income/principal ratio) | 0.658% | 7.895% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $325 | $3,900 |
| Vacancy | $86 | $1,026 |
| Management Fee | $137 | $1,642 |
| Expense / Income Ratio | 19.01% | 19.01% |
| Cash Flow | $1,163 | $13,956 |
| Net Operating Income (NOI) | $1,163 | $13,956 |
| Capitalization Rate | 0.45% | 5.37% |
