For sale · MLS® 1304030
18A Forest Road
Pasadena, NL, A0L1K0
List price
$279,000
No written offers prior to October 14th at 10:00Am (id:56688)
Deadline extracted automatically from the listing remarks — it may be missing, incomplete, or out of date. Always confirm offer terms with the listing brokerage.
About this propertyMLS® 1304030
A great opportunity in sought-after Pasadena, this versatile property offers comfortable family living along with the added advantage of a spacious two-bedroom apartment - currently serving as an excellent investment property with tenants in place and strong rental cash flow. Originally constructed in 2012, the home features a bright and functional three-bedroom main residence. The main floor offers a generous living room, spacious eat-in kitchen, three bedrooms and a full bathroom, creating an easy layout for everyday family life. The lower level was renovated in 2018 and thoughtfully designed as a separate two-bedroom apartment. Offering two well-sized bedrooms, a full bathroom with walk-in shower and a spacious open-concept kitchen, dining and living area. A large mudroom provides plenty of additional storage and a practical entrance space. Both units are independently equipped with their own electrical meter, breaker panel, hot water tank and laundry facilities. Double insulation between the two levels provides added sound separation while contributing to the home's overall energy efficiency. Outside, the lot provides plenty of room to enjoy the property, along with ample parking for both units. A 22' x 16' storage shed offers excellent space for recreational toys, tools and seasonal equipment. Tucked away in a quiet area of Pasadena, the property is conveniently located near the elementary school and within easy reach of excellent walking and snowmobile trails. Whether you're searching for a home with rental income potential, space for extended family, or a smart addition to your investment portfolio, this property offers a combination that's increasingly difficult to find in Pasadena. No written offers prior to October 14th at 10:00Am (id:56688)
Specifications
Property details
Room by room
Rooms
| Lower level | Bath (# pieces 1-6) Mud room Bedroom Primary Bedroom Eat in kitchen Living room | Full 13.5 x 9.6 13 x 8.5 12.11 x 11.7 13 x 10 17.9 x 14 |
| Main level | Bath (# pieces 1-6) Laundry room Bedroom Bedroom Primary Bedroom Eat in kitchen Living room | Full 7.11 x 5.7 9.6 x 8.5 10.3 x 9.2 11.11 x 10.5 18.6 x 17 15.6 x 15.2 |
The essentials
Location, air, flood & taxes
Elevation
48 m above sea level
Air quality now
AQHI 1 · Low risk
Corner Brook station · updated 2:00 a.m.
Property tax
$3,742 / year
≈ $312 / month
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
$312/mo
Principal & interest $0 + property tax $312 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-348
NOI / month
$-348
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $312 | $3,742 |
| Expenses | $37 | $444 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-348 | $-4,176 |
| NOI | $-348 | $-4,176 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
Get in touch
Have a question?
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- Emailharis@barki.co
- Office17 Duffy Place, Suite 200, St. John's
Keller Williams Platinum Realty
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