For sale · MLS® 1304512
31 Forest Road
Pasadena, NL, A0L1K0
List price
$379,900
As per Sellers Direction: No offers to be submitted prior to 5PM October 22nd,2026 and to be left open for acceptance until 10PM October 22nd,2026 Don't miss out on this fantastic opportunity to own a versatile 2-apartment home in Pasadena.
Deadline extracted automatically from the listing remarks — it may be missing, incomplete, or out of date.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® 1304512
Looking for a great investment property or a home where you can live in one unit and let the other help pay your mortgage? Look no further than 31 Forest Road in the beautiful town of Pasadena! It has a 200 Amp service, wired Garage, Paved Driveway, Close to Pasadena Elementary, Close to Playground and walking distance to local coffee shop and Pizza takeout, Close to Local ATV trails. This spacious 2-apartment home, measuring 28 x 40 feet, offers a fantastic opportunity for investors, first-time home buyers, or anyone looking for additional rental income. The main level features 2 bedrooms, a full bathroom, and its own laundry area, along with the added comfort and efficiency of a heat pump. Electric heating is also available throughout the home, keeping you comfortable during Newfoundland's changing seasons. The downstairs apartment offers 2 additional bedrooms, a full bathroom, and its own laundry facilities, providing a convenient and functional living space for tenants or extended family. Outside, you'll find a wired 16 x 24 garage with a second level for storage, offering plenty of room for storage, tools, recreational equipment, or a workshop. Located in the welcoming community of Pasadena, this property offers the convenience of small-town living while being just a short drive from Corner Brook and Deer Lake. Whether you're looking to expand your investment portfolio, generate rental income, or live upstairs while renting downstairs to help offset your mortgage, this property offers plenty of possibilities! As per Sellers Direction: No offers to be submitted prior to 5PM October 22nd,2026 and to be left open for acceptance until 10PM October 22nd,2026 Don't miss out on this fantastic opportunity to own a versatile 2-apartment home in Pasadena. Book your private viewing today! (id:56688)
Specifications
Property details
Room by room
Rooms
| Basement | Laundry room Bath (# pieces 1-6) Living room Eat in kitchen Bedroom Bedroom | 11x8 3 pcs 12x12 14x17 12x13 13x10 |
| Main level | Bath (# pieces 1-6) Laundry room Bedroom Primary Bedroom Kitchen Living room/Dining room | 3 pcs 6x9 11x12 12x13 9x10 22x16 |
The essentials
Location, air, flood & taxes
Elevation
45 m above sea level
Air quality now
AQHI 1 · Low risk
Corner Brook station · updated 2:00 a.m.
Property tax
$2,484 / year
≈ $207 / month · assessment year 2026
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
$207/mo
Principal & interest $0 + property tax $207 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-475
NOI / month
$-475
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $207 | $2,484 |
| Expenses | $268 | $3,216 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-475 | $-5,700 |
| NOI | $-475 | $-5,700 |
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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