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St. John's Newfoundland is one of North America’s oldest cities. Spectacular coastlines, panoramic views, outdoor adventure, rich history and culture await all who live here.
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Since Chevron signed the multibillion-dollar memorandum of understanding to develop the Hebron offshore oilfield project back in August 2007, St. John's real estate and surrounding areas have gained favorable optimism and increases in residential homes. Looking to sell you home for TOP DOLLAR? Contact Fraser and Stephen Winters for your free, confidential Home Market Evaluation
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New Listing 25 Castors Drive Mount Pearl
February 14, 2008 · Filed Under New MLS Listings
Just listed 25 Castors Drive. This two bedroom 2-apt home in Mount Pearl situated on a corner lot. Asking price is $199,900. 1085 square feet (per floor) bungalow. Lot size is 98X120X78X61. Features include oak eat in kitchen, dining room/living room combo. Rec room in basement for main unit. Main floor is rented for $750 (pou) and basement apartment for $550 (pou) Perfect as an investment property in Mount Pearl or for living in one unit and having the second unit help with the mortgage payments. Call Fraser & Stephen Winters for more information. Check out the virtual tour.
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I don’t know the rental market down there. What would this rent for? Is is approaching rental parity for the cost of ownership?
The rental market right now is very good. High demand for houses have increased prices and a slowly pushing first time buyers out of the market.
This results in a lower vacancy rate. Have a look at this posting regarding St. John’s Vacancy Rates.