For sale · MLS® 1304306
9 Teasdale Street
Mount Pearl, NL, A1N1X2
List price
$429,000
About this propertyMLS® 1304306
Welcome to 9 Teasdale Street, Mount Pearl — a recently updated two-apartment home offering plenty of space, income potential, and a fantastic backyard! The main unit features 3 bedrooms and has been recently painted and updated throughout, giving the home a fresh, move-in-ready feel. The kitchen comes equipped with all-new appliances, while front and rear decks provide great outdoor spaces for relaxing or entertaining. The spacious 2-bedroom apartment adds excellent flexibility, whether you're looking for rental income to help offset your mortgage or additional living space for family. Outside, you'll find a large, private backyard with plenty of room to enjoy, along with a 16' × 14' detached garage offering valuable storage or workshop space. An added bonus is the home's existing forced-air oil furnace, presenting an excellent opportunity to explore available government grants and incentives for upgrading to an energy-efficient whole-home heat pump system. This potential upgrade could provide year-round comfort while helping reduce heating costs. With 5 bedrooms between both units, two decks, a detached garage, recent updates, and the added benefit of a two-apartment layout, 9 Teasdale Street offers a fantastic combination of space, functionality, and income potential in an established Mount Pearl neighbourhood. Don't miss your opportunity to make this versatile property your own! (id:56688)
Property details
Coordinates: [47.514958, -52.80679]
Rooms
| Basement | Bedroom Bedroom Bath (# pieces 1-6) Not known Not known Laundry room | 10x9 null 10x9 null 4 PC null 13X10 null 12X10 null 12X10 null |
| Main level | Bedroom Bedroom Primary Bedroom Bath (# pieces 1-6) Kitchen Dining room Living room | 10X9 null 10X9 null 12X11 null 4 PC null 10x13 null 10x10 null 22x11 null |
Basic Calculator
First Mortgage: $343,200
Mortgage insurance premium: $0
Total Financing: $343,200
Rough closing fee (1.5%): ~ $6,435
Total downpayment with estimated closing fee: $92,235
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,354 | $28,248 |
| Gross rental income (income/principal ratio) | 0.549% | 6.585% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $537 | $6,444 |
| Vacancy | $118 | $1,413 |
| Management Fee | $189 | $2,260 |
| Expense / Income Ratio | 22.81% | 22.81% |
| Cash Flow | $1,511 | $18,132 |
| Net Operating Income (NOI) | $1,511 | $18,132 |
| Capitalization Rate | 0.35% | 4.23% |
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