For sale · MLS® 1297163
8 Ford Crescent
Stephenville, NL, A2N3W4
List price
$309,000
About this propertyMLS® 1297163
Welcome to this spacious and well-maintained two-apartment home located in the heart of Stephenville—an excellent opportunity for investors or buyers looking to offset their mortgage with rental income. Built in 2013, this property combines modern construction with impressive size and strong income potential. Offering over 4,000 sq. ft. of living space, this property features 6 bedrooms and 3 full bathrooms across two fully self-contained units. The main (upper) unit includes 3 bedrooms and 2 full baths, providing a bright, functional layout ideal for families or owner-occupiers. The lower unit offers 3 bedrooms and 1 full bath, creating a highly desirable rental setup with excellent income potential. Each unit has its own private entrance, ensuring complete separation and privacy for occupants. The property is serviced by separate electrical panels, with 200-amp service for the upper unit and 125-amp service for the lower unit, adding convenience and flexibility for tenants. Situated on a 50 x 110 lot, the home features a gravel driveway with ample parking and a low-maintenance exterior. While there is no garage, the property stands out with its size, layout, and overall investment value. As well storage compartments under each stairway entrance. The home is equipped with electric heating, offering a simple, reliable, and low-maintenance system. Located in a quiet residential area just minutes from schools, shopping, and everyday amenities, this property provides both comfort and convenience for owners and tenants alike. (id:56688)
Specifications
Property details
Room by room
Rooms
| Main level | Bath (# pieces 1-6) Living room/Dining room Bedroom Bedroom Ensuite Primary Bedroom Kitchen | B4 25.4 x 11.10 9.7 x 10.7 9.7 x 10.7 B3 11.7 x 11.7 13.10 x 13.8 |
| Basement | Laundry room Not known Not known Not known Bath (# pieces 1-6) Not known Not known | 3.10 x 3.3 9.11 x 9.5 10. 3 x 13.2 9.11 x 9.4 B4 12.2 x 12.6 12.6 x 10.4 |
The essentials
Location, air, flood & taxes
Elevation
43 m above sea level
Air quality now
AQHI 1 · Low risk
Corner Brook station · updated 2:00 a.m.
Property tax
$2,359 / year
≈ $197 / month · assessment year 2026
Climate
Feb -3° · Aug 21°
normal daily high · STEPHENVILLE A station · 1991–2020
Nearby & drive routes
2 places shown · OpenStreetMap · OSRM
Parks 2
Plan ahead
Calculators & neighbourhood
Estimate payments and returns, and check how walkable this address is — all in one place.
Plan ahead
Mortgage & investment calculator
Estimated monthly payment
$197/mo
Principal & interest $0 + property tax $197 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-386
NOI / month
$-386
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $197 | $2,359 |
| Expenses | $190 | $2,280 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-386 | $-4,632 |
| NOI | $-386 | $-4,632 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
Get in touch
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- Emailharis@barki.co
- Office17 Duffy Place, Suite 200, St. John's
Keller Williams Platinum Realty
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