172 Elizabeth Drive photo 11 / 35

MLS #1298492

172 Elizabeth Drive

Gander

$399,000

6 Beds
2 Baths
2,280 sqft
Two-Apartment Home
Source Listing

Property Details

Welcome to this well-maintained, corner-lot bungalow in central Gander, Newfoundland, offering comfortable family living with a legal 3-bedroom basement apartment (created in 2023) that provides an excellent mortgage helper or potential rental income; both levels are approximately 1,100 sq ft each, with two self-contained units, each having a 200-amp panel, separate hot water tanks, electric heat, and heat pumps, and it features all-new windows and vinyl siding updated in 2025, a foundation updated with blue membrane and Apex plumbing, an oversized corner lot with a back area ideal for a herb/vegetable garden and additional outdoor living space plus a 12 x 16 shed for extra storage, all located in the center of town close to all amenities with easy access to Gander Academy, shopping, Dawn entertainment and recreational facilities, and near Gander International Airport for convenient travel, within a desirable Gander neighbourhood with great schools, services, and a growing sense of local pride, making this property turnkey for homeowners seeking a mortgage helper or investors seeking solid rental income in a coveted Gander location. (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$399,000
Down Payment - 5%$19,950
Interest Rate5.25%

Amortization

Estimated Monthly Cost

$3,054

Mortgage Payment
$2,271
Property Tax
$283
Insurance
$150
Utilities
$350
Down Payment
$19,950
Loan Amount
$379,050
Total Interest
$302,385

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

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