For sale · MLS® 1304136
256 Balbo Drive
Clarenville, NL, A5A4B1
List price
$120,000
About this propertyMLS® 1304136
Located in the heart of Clarenville, 256 Balbo Drive offers incredible value and endless potential! This spacious single-family home features 5 bedrooms and 2 bathrooms and is situated on a nice-sized lot with mature trees, beautiful water views, and plenty of room for families to enjoy. The main floor offers 3 bedrooms, while the walkout basement includes 2 additional bedrooms, a bathroom, laundry area, and a living room with direct access to the backyard. Whether you are looking for a spacious family home, in-law space, or future income-generating potential with some TLC, this property offers flexibility to fit your needs. Step outside onto the patio off the dining room overlooking the large backyard — the perfect space for kids, pets, entertaining, or relaxing while taking in the water views. The property also offers parking for multiple vehicles and is conveniently located close to schools, shopping, and all amenities. The roof has been replaced in recent years, adding additional value and peace of mind. While the basement does require some work, homes of this size and potential at this price point do not come along often. A fantastic opportunity for first-time buyers, growing families, or investors alike! Property is being sold ""as is, where is."" (id:56688)
Specifications
Property details
Room by room
Rooms
| Main level | Kitchen Living room Bedroom Bath (# pieces 1-6) Bedroom Dining room Primary Bedroom | 5X8 12X16 10X10 6X8 10X10 10X12 12X12 |
The neighbourhood
Clarenville at a glance
Live market stats for Clarenville — what's for sale, what it costs, and how it compares to nearby towns.
Homes for sale here
58
Median list price
$246k
Price range
$29k – $1000k
Typical build
1991
Average size
2,266 sqft
Where Clarenville listings are priced
Every active list price in Clarenville, grouped into bands.
List price, thousands of $ · 53 homes
View as table
| Price band ($) | Listings |
|---|---|
| <200 | 22 |
| 200–300 | 10 |
| 300–400 | 11 |
| 400–500 | 5 |
| 500–750 | 1 |
| 750–1M | 4 |
How Clarenville compares
Median list price against the next biggest markets — click a row for that area guide.
The essentials
Location, air, flood & taxes
Elevation
31 m above sea level
Air quality now
AQHI 1.82 · Low risk
St. John's station · updated 2:00 a.m.
Property tax
$1,190 / year
≈ $99 / month
Climate
Jan -2° · Aug 22°
normal daily high · LETHBRIDGE 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
$100/mo
Principal & interest $0 + property tax $100 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-149
NOI / month
$-149
Cap rate
-1.49%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $100 | $1,190 |
| Expenses | $50 | $600 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-149 | $-1,788 |
| NOI | $-149 | $-1,788 |
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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