For sale · MLS® 1302835
88 Petley Street
CORNER BROOK, NL, A2H3H4
List price
$239,000
About this propertyMLS® 1302835
88 Petley Street is an affordable, move in ready two unit property with income potential and a view of the bay. The main unit offers one bedroom, a spacious open kitchen and living area, plenty of natural light, and a great view toward the water. Downstairs, the separate one bedroom apartment provides additional rental income and its own living space. Both units have electric heat and separate 100 amp electrical services. Outside, there is a double gravel driveway, carport, fenced yard, storage shed, and space to enjoy the outdoors. Whether you are looking for an affordable investment property, a first rental, or the option to live in one unit while renting the other, 88 Petley Street offers a practical setup that is ready to go. (id:56688)
Specifications
Property details
Room by room
Rooms
| Lower level | Bedroom Kitchen | 14.10 X 11.11 8.00 X 7.20 |
| Main level | Bedroom Bedroom Kitchen Dining room Living room | 12.00 X 9.60 11.00 X 10.40 9.40 X 9.00 9.90 X 9.50 14.00 X 11.40 |
The essentials
Location, air, flood & taxes
Elevation
23 m above sea level
Air quality now
AQHI 1 · Low risk
Corner Brook station · updated 2:00 a.m.
Property tax
$1,730 / year
≈ $144 / month
Climate
Feb -3° · Jul 22°
normal daily high · CORNER BROOK station · 1991–2020
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
$145/mo
Principal & interest $0 + property tax $145 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-298
NOI / month
$-298
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $145 | $1,730 |
| Expenses | $154 | $1,848 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-298 | $-3,576 |
| NOI | $-298 | $-3,576 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
Get in touch
Have a question?
Send a message and Haris will get back to you — usually the same day.
Talk to Haris
A real person, every time
Buying, selling, or just curious about what your home is worth — no call centres, no runaround.
- Call or text416-873-4676
- Emailharis@barki.co
- Office17 Duffy Place, Suite 200, St. John's
Keller Williams Platinum Realty
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