For sale · MLS® 1301234
7 Genge's Road
Glovertown, NL, A0G2L0
List price
$249,000
About this propertyMLS® 1301234
Investment Opportunity or Perfect First Home – Let This Property Work for You! Welcome to 7 Genges Road, Glovertown—a well-maintained two-apartment home located on a quiet, family-friendly street. Whether you're looking to break into the real estate market or expand your investment portfolio, this property offers incredible value and endless possibilities. Imagine living in the spacious upper level while your tenant helps pay your mortgage—it doesn't get much better than that! Built in 1996, this home has seen numerous recent upgrades, making it move-in ready for both owner and tenant. The bright main level features 3 bedrooms and has been refreshed with new laminate flooring throughout, new vinyl windows, a new front entrance door, and a new rear door. Recent bathroom renovations and the entire main level has been professionally painted in a modern neutral colour, creating a fresh and inviting space. The shingles were replaced in 2017, providing added peace of mind. The fully self-contained 2-bedroom basement apartment is bright and spacious, with its own private entrance, separate driveway, and individual electrical meter, making it ideal for rental income or extended family. Outside, you'll appreciate the fully landscaped lot and the convenience of separate parking for both units. Whether you're a first-time homebuyer looking to offset your mortgage with rental income or an investor seeking a solid income-producing property, 7 Genges Road is an opportunity you won't want to miss. (id:56688)
Specifications
Property details
Room by room
Rooms
| Basement | Bath (# pieces 1-6) Bedroom Bedroom Not known Not known | 7 x 7 7 x 10 10 x 10 11 x 12 17.5 x 10 |
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Bedroom Living room Dining room Kitchen | 11 x 5 7.5 x 11 10 x 11 11 x 12 14 x 13 7.5 x 10 8 x 11 |
The essentials
Location, air, flood & taxes
Elevation
7 m above sea level
Property tax
$850 / year
≈ $71 / month · assessment year 2026
Nearby & drive routes
4 places shown · OpenStreetMap · OSRM
Groceries 3
Cafés 1
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
$71/mo
Principal & interest $0 + property tax $71 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-311
NOI / month
$-311
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $71 | $850 |
| Expenses | $241 | $2,892 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-311 | $-3,732 |
| NOI | $-311 | $-3,732 |
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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