For sale · MLS® 1304058
1 Rideau Place
Mount Pearl, NL, A1N4C1
List price
$400,000
About this propertyMLS® 1304058
New price, and a lot of house for the money. Almost 3,000 square feet on three levels, on a corner lot on a cul-de-sac in Mount Pearl's Powers Pond neighbourhood. Start with the basement. It's a walkout, over 1,000 square feet, and wide open. Laundry and a utility sink are already down there. There's real potential for a self-contained suite, or finish it for your own family. The house is move-in ready. Every ceiling, wall, door, and piece of trim on the main and second floors was just painted. The main floor has a bright living room, a separate dining room, and an open kitchen and eating area that flows into a family room with a propane fireplace. Patio doors lead out to the deck. There's a mudroom and a powder room off the kitchen. Upstairs, the primary bedroom has a walk-in closet and an ensuite with a glass shower. There are two more good-sized bedrooms and a main bathroom with a soaker tub. Outside, the yard is fully fenced with a big deck, a shed, and a huge lawn. The paved driveway fits 3 vehicles. The curb is already cut on the side of the house if you want to add a garage later. An air exchanger keeps the air fresh all year. Kids can walk to school. Powers Pond Park is minutes away, with trails, playgrounds, courts, a dog park, and the pond for kayaking or skating. The Summit Centre and Costco are close too. (id:56688)
Property details
Coordinates: [47.519264, -52.830378]
Rooms
| Basement | Laundry room | 15x22 null |
| Second level | Other Bath (# pieces 1-6) Bedroom Bedroom Other Ensuite Primary Bedroom | 9.10x15.4 null 3 pieces null 10x14 null 11x15 null 7.9x6.7 null 3 pieces null 12.6x16 null |
| Main level | Bath (# pieces 1-6) Mud room Foyer Porch Family room/Fireplace Eating area Kitchen Living room | 2 pieces null 5x7 null 11x14 null 5x8 null 11x15 null 9x12 null 9.6x12 null 14x16 null |
Basic Calculator
First Mortgage: $320,000
Mortgage insurance premium: $0
Total Financing: $320,000
Rough closing fee (1.5%): ~ $6,000
Total downpayment with estimated closing fee: $86,000
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,274 | $39,288 |
| Gross rental income (income/principal ratio) | 0.819% | 9.822% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $500 | $6,000 |
| Vacancy | $164 | $1,965 |
| Management Fee | $262 | $3,144 |
| Expense / Income Ratio | 15.27% | 15.27% |
| Cash Flow | $2,349 | $28,188 |
| Net Operating Income (NOI) | $2,349 | $28,188 |
| Capitalization Rate | 0.59% | 7.05% |
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