120 East Valley Road photo 11 / 12

MLS #1295069

120 East Valley Road

Corner Brook

$459,000

7 Beds
3 Baths
1,900 sqft
Two-Apartment Home
Source Listing

Property Details

Investors take note! This rare 3-unit property in Corner Brook is full of potential. The main home offers a spacious 3-bedroom unit, along with a 2-bedroom basement apartment. Adding even more value is an above-ground 2-bedroom unit that is currently undergoing major renovations. The modern, airtight passive unit has 11"" interior walls, lime plaster walls that are water and mold-proof, brand-new triple-pane windows, new plumbing, and a sleek design. A new metal roof was also installed on this unit within the past year. Before closing, the kitchen, bathroom, and bedroom finishes will be completed. With substantial time and investment already poured into this unit, it will be perfectly suited as an Airbnb or long-term rental. Each unit is separately metered with its own electrical panel, making this property a smart and versatile investment you won’t want to miss! (id:66441)

Cost To Own

Down payment and monthly ownership estimate

Start with the listing price, then adjust the financing and monthly carrying costs for a practical estimate.

Purchase Price$459,000
Down Payment - 5%$22,950
Interest Rate5.25%

Amortization

Estimated Monthly Cost

$3,438

Mortgage Payment
$2,613
Property Tax
$325
Insurance
$150
Utilities
$350
Down Payment
$22,950
Loan Amount
$436,050
Total Interest
$347,856

Estimate only. Final payments depend on lender approval, taxes, insurance, closing costs, and mortgage insurance when applicable.

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