157-161 Conception Bay Highway
Conception Bay South, NL, A1W3G7
$999,000
About the property (MLS: 1269653):
Situated in a prime commercial district of Conception Bay South. Adjacent to Tim Hortons and within meters to prime national retailers, Loblaws, Starbucks, Scotiabank, Dollarama, McDonald's, Villanova Plaza etc. is this commercial lot. Currently, two residential dwellings lie on the lot. Vendor would consider selling a portion of the lot. (id:56688)
Property Details
MLS: 1269653
Listing ID: 26736101
Address: 157-161 Conception Bay Highway, Conception Bay South, Newfoundland & Labrador, Canada A1W3G7
Status: Active
Last updated: 2 years ago ( May 15, 2024 )
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Heating: No heat
Price per sq ft: $∞
Tax Annual Amount: $5,300
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: No heat
Common Interest: Freehold
Business Type: Other
Number of photos available: 6
Rurl
Coordinates: [47.516569, -52.960632]
Listing ID: 26736101
Address: 157-161 Conception Bay Highway, Conception Bay South, Newfoundland & Labrador, Canada A1W3G7
Status: Active
Last updated: 2 years ago ( May 15, 2024 )
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Heating: No heat
Price per sq ft: $∞
Tax Annual Amount: $5,300
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: No heat
Common Interest: Freehold
Business Type: Other
Number of photos available: 6
Rurl
Coordinates: [47.516569, -52.960632]
Rooms
Basic Calculator
First Mortgage: $799,200
Mortgage insurance premium: $0
Total Financing: $799,200
Rough closing fee (1.5%): ~ $14,985
Total downpayment with estimated closing fee: $214,785
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $0 | $0 |
| Gross rental income (income/principal ratio) | 0.000% | 0.000% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $1,249 | $14,988 |
| Vacancy | $0 | $0 |
| Management Fee | $0 | $0 |
| Expense / Income Ratio | Infinity% | Infinity% |
| Cash Flow | $-1,249 | $-14,988 |
| Net Operating Income (NOI) | $-1,249 | $-14,988 |
| Capitalization Rate | -0.13% | -1.50% |
Capitalization Rate: -1.50%
After-repair value (ARV) (This is a rule for purchasing and flipping distressed real estate for a profit, which states that the purchase price should be less than 70% of after-repair value (ARV) minus repair costs (rehab).): $1,427,143
