17 Emerald Creek Drive
Conception Bay South, NL, A1X0E4
5 Beds | 4 Baths
$419,900
About the property (MLS: 1272611):
Stunning, spacious, open concept, Registered 2-Apartment home with oversized lot on Emerald Creek Drive in CBS. This home features a gorgeous and modern main floor unit with 2 Bedrooms up and one down, huge rec room with half bath, 2.5 baths in total for the main floor unit, master bedroom featuring an ensuite with a whirlpool tub and huge walk-in closet. The bright and spacious 2 bedrooms, one bath basement apartment matches the main unit in quality finishes and features. This home has been recently upgraded with new flooring and has been painted. This home is only 10 years old and is the perfect home for an investor, someone looking to subsidize their mortgage, or have a family member move into the apartment. The lot size may even accommodate a garage. Backyard access for RV or boat and multicar parking. Main floor tenant is paying $1800 per month pou. 3 months notice has been given for for July 9th but main floor tenants would like to stay. Home owner lives in the basement. (id:56688)
Property Details
Listing ID: 26940615
Address: 17 Emerald Creek Drive, Conception Bay South, Newfoundland & Labrador, Canada A1X0E4
Status: Active
Last updated: 2 years ago ( May 24, 2024 )
Year Built: 2014
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: Two Apartment House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 5
Baths: 4
1/2 Baths: 1
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 2,508 square feet
Price per sq ft: $168
Tax Annual Amount: $3,001
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Whirlpool, Dishwasher, Stove, Dryer
Water Source: Municipal water
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring
Exterior Features: Wood shingles, Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 43
Rurl
Coordinates: [47.488037, -52.994968]
Rooms
| Basement | Bath (# pieces 1-6) Bedroom Bedroom Not known Not known Bath (# pieces 1-6) Bedroom Recreation room | 8.9x5.8 feet 9.7x8.9 feet 10.11x10.6 feet 19.1x13.3 feet 19.10x12.4 feet 6.1x5.8 feet 12x8.9 feet 16.1x10.11 feet |
| Main level | Bath (# pieces 1-6) Bedroom Ensuite Primary Bedroom Living room Dining room Kitchen | 8x7.10 feet 11.1x9.3 feet 12.11x10.10 feet 16.7x15.5 feet 15.9x11.11 feet 17.4x7.11 feet 15.10x12.11 feet |
Basic Calculator
First Mortgage: $335,920
Mortgage insurance premium: $0
Total Financing: $335,920
Rough closing fee (1.5%): ~ $6,299
Total downpayment with estimated closing fee: $90,279
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,759 | $33,108 |
| Gross rental income (income/principal ratio) | 0.657% | 7.885% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $525 | $6,300 |
| Vacancy | $138 | $1,656 |
| Management Fee | $221 | $2,649 |
| Expense / Income Ratio | 19.03% | 19.03% |
| Cash Flow | $1,876 | $22,512 |
| Net Operating Income (NOI) | $1,876 | $22,512 |
| Capitalization Rate | 0.45% | 5.36% |
