For sale · MLS® 1303601
8 Oake Street
Gander, NL, A1V0K8
List price
$539,000
About this propertyMLS® 1303601
Welcome to 8 Oake Street! Be the very first to call this yet-to-be-constructed two-apartment home yours. No dated finishes to replace or no renovations waiting for you here! Just clean, modern living with the added bonus of built-in rental income to help make the numbers work. For an investor looking for a smart addition to your portfolio or a buyer who loves the idea of help with the mortgage, this one makes sense. Upstairs, you’ll find 1,400 sq. ft. of bright, open-concept living space. The kitchen, dining, and living areas flow together effortlessly, creating the perfect backdrop for everything from quiet Sunday mornings to Friday night drinks with friends. Down the hall, the primary bedroom features an ensuite, while two additional bedrooms offer flexibility for family, guests, or a work from-home set up. A three-piece bathroom and lots of closets round out the main level. Downstairs, the main unit includes a finished rec room, plus a separate laundry and utility area to keep life organized. With just over 1,000 sq. ft., the self-contained two-bedroom basement apartment is anything but an afterthought. Two generous bedrooms and a bright, open-concept kitchen and living area create a comfortable home, and the monthly rental income can help offset your mortgage. Future you will appreciate that. Outside, the corner lot gives you a little extra breathing room, while a sodded front lawn and double paved driveway mean the finishing touches are already taken care of. Better yet, because you’re getting in early, you’ll have the opportunity to customize select finishes, from flooring to fixtures, and make your new home feel like your home from day one. It’s a fresh start with fresh finishes, built-in income potential, and no inheriting someone else’s questionable DIY decisions. Of course, your new home will be backed by a 7-Year Atlantic Home Warranty for added peace of mind. *Sample image used for illustrative purposes only; finishes and final specifications will vary* (id:56688)
Specifications
Property details
Room by room
Rooms
| Basement | Not known Not known Bath (# pieces 1-6) Not known Not known Not known Bath (# pieces 1-6) Recreation room | 11.0 x 11.8 11.2 x 9.0 8.4 x 8.0 11 x 11.8 10 x 11.6 13.6 x 13 3 x 6 13.6 x 14.9 |
| Main level | Foyer Dining room Bedroom Bedroom Ensuite Primary Bedroom Bath (# pieces 1-6) Not known Kitchen Living room | 6.4 x 8.8 13 x 10.8 11.8 x 9.6 11.8 x 9.0 7 x 8 14 x 11 5.6 x 5.2 5.8 x 5.2 13 x 13 14 x 13.4 |
The essentials
Location, air, flood & taxes
Elevation
120 m above sea level
Air quality now
AQHI 2.09 · Low risk
Grand Falls - Windsor station · updated 2:00 a.m.
Climate
Jan -3° · Jul 22°
normal daily high · GANDER INT'L A station · 1991–2020
Nearby & drive routes
1 place shown · OpenStreetMap · OSRM
Cafés 1
Plan ahead
Calculators & neighbourhood
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Plan ahead
Mortgage & investment calculator
Estimated monthly payment
$0/mo
Principal & interest $0 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-674
NOI / month
$-674
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $0 | $0 |
| Expenses | $674 | $8,088 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-674 | $-8,088 |
| NOI | $-674 | $-8,088 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
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- Office17 Duffy Place, Suite 200, St. John's
Keller Williams Platinum Realty
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