For sale · MLS® 1302130
5 Watsons Road
Corner Brook, NL, A2H4H5
List price
$99,900
About this propertyMLS® 1302130
Contractor special with plenty of potential at 5 Watsons Corner. This two bedroom, one bathroom home offers approximately 750 square feet of living space, all on one level, plus a basement. The main floor includes a kitchen with laundry area, living space, two bedrooms and a full bathroom. The home has a 125 amp electrical service and is ready for a buyer with the skills and vision to take on a renovation. A major feature of this property is the 8,495 square foot lot. The City has approved the property for construction of a larger home and large garage, giving buyers the option to renovate the existing home or explore redevelopment. The property is currently accessed from Watsons Corner, with possible potential for a driveway at the rear off Stratton Road. Any rear access would be subject to City approval and is to be confirmed and verified by the purchaser. A solid opportunity for a contractor, renovator or buyer looking for a larger lot with options for the future. (id:56688)
Specifications
Property details
Room by room
Rooms
| Main level | Bath (# pieces 1-6) Living room Kitchen Bedroom Bedroom | 5x7 20x25 19x8 9.5x9 9.1x9.7 |
The essentials
Location, air, flood & taxes
Elevation
48 m above sea level
Air quality now
AQHI 1 · Low risk
Corner Brook station · updated 2:00 a.m.
Property tax
$707 / year
≈ $59 / month · assessment year 2026
Climate
Feb -3° · Jul 22°
normal daily high · CORNER BROOK station · 1991–2020
Nearby & drive routes
12 places shown · OpenStreetMap · OSRM
Schools 2
Groceries 3
Cafés 5
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
$59/mo
Principal & interest $0 + property tax $59 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-124
NOI / month
$-124
Cap rate
-1.49%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $59 | $707 |
| Expenses | $66 | $792 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-124 | $-1,488 |
| NOI | $-124 | $-1,488 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
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Keller Williams Platinum Realty
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