For sale · MLS® 1303161
237 New Pennywell Road
St. John's, NL, A1B1C5
List price
$649,900
About this propertyMLS® 1303161
New 2 Apartment Home with Income Potential in a Prime Location Welcome to 237 New Pennywell Road, a beautifully designed new two-apartment home located in the desirable north end of St. John’s. Ideally situated within walking distance of schools, recreation facilities, shopping, restaurants, and everyday amenities, this home offers exceptional convenience for families and investors alike. The bright and spacious main level features a modern open concept design, seamlessly connecting the kitchen, dining, and living areas to create the perfect space for everyday living and entertaining. This level offers 3 generous bedrooms and 2 full bathrooms, including a primary bedroom complete with a private ensuite. The self-contained 2 bedroom apartment is equally inviting, offering an open concept kitchen, dining, and living area, along with 2 bedrooms and 1 full bathroom. Whether you’re looking to generate rental income, accommodate extended family, or offset your mortgage, this apartment provides outstanding flexibility and value. Combining stylish new construction, functional design, and an unbeatable location, 237 New Pennywell Road is an exceptional opportunity to own a home that offers both comfortable living and built in income potential. (id:56688)
Property details
Coordinates: [47.549442, -52.754115]
Rooms
| Lower level | Not known Bedroom Not known Not known Recreation room | 11 x 9 null 11 x 10 null 11 x 12 null 11 x 12 null 15 x 11 null |
| Main level | Bedroom Bedroom Primary Bedroom Living room Kitchen | 11 x 10 null 11 x 10 null 13 x 12 null 17 x 12 null 17 x 13 null |
Basic Calculator
First Mortgage: $519,920
Mortgage insurance premium: $0
Total Financing: $519,920
Rough closing fee (1.5%): ~ $9,749
Total downpayment with estimated closing fee: $139,729
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,349 | $16,188 |
| Gross rental income (income/principal ratio) | 0.208% | 2.491% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $813 | $9,756 |
| Vacancy | $68 | $810 |
| Management Fee | $108 | $1,296 |
| Expense / Income Ratio | 60.27% | 60.27% |
| Cash Flow | $361 | $4,332 |
| Net Operating Income (NOI) | $361 | $4,332 |
| Capitalization Rate | 0.06% | 0.67% |
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