For sale · MLS® 1298996
1190 Topsail Road
Mount Pearl, NL, A1N5E8
List price
$775,000
About this propertyMLS® 1298996
Welcome to 1190 Topsail Road, a rare opportunity to own a versatile property offering residential comfort, rental income, and outstanding future potential. Situated on a large corner lot with access from two roads, this fully developed property enjoys excellent visibility and accessibility, making it an attractive option for homeowners, investors, and entrepreneurs alike. The main residence features 3 spacious bedrooms, 2 bathrooms, and a double attached garage, providing ample space for family living. An additional 1-bedroom in-law suite offers excellent flexibility and currently generates approximately $800 per month in rental income, helping offset ownership costs. The property's corner lot location and generous frontage create endless possibilities for home-based businesses, future commercial ventures, redevelopment opportunities, or simply enjoying the extra space and convenience of a premium lot. Whether you're looking for a family home with supplemental income, a property to support your business ambitions, or a strategic investment in a high-visibility location, 1190 Topsail Road delivers exceptional value and limitless potential. Opportunities like this are increasingly hard to find along Topsail Road. Don't miss your chance to secure a property with income, flexibility, and future growth potential all in one package. (id:56688)
Property details
Coordinates: [47.528756, -52.82512]
Rooms
| Basement | Not known Not known Recreation room | 22x9 null 11x9 null 22.9x26 null |
| Main level | Utility room Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom Dining room Kitchen Living room | 6x5 null 3 pc 11.3x9.6 null 11x13.7 null 11x16 null 10.9x11.3 null 12x11.3 null 17x15 null |
Basic Calculator
First Mortgage: $620,000
Mortgage insurance premium: $0
Total Financing: $620,000
Rough closing fee (1.5%): ~ $11,625
Total downpayment with estimated closing fee: $166,625
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,222 | $26,664 |
| Gross rental income (income/principal ratio) | 0.287% | 3.441% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $969 | $11,628 |
| Vacancy | $112 | $1,334 |
| Management Fee | $178 | $2,134 |
| Expense / Income Ratio | 43.61% | 43.61% |
| Cash Flow | $965 | $11,580 |
| Net Operating Income (NOI) | $965 | $11,580 |
| Capitalization Rate | 0.12% | 1.49% |
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