28 Lions Crescent Unit#6
CBS, NL, A1W4M2
3 Beds | 4 Baths
$599,900
About the property (MLS: 1275959):
Absolutely Stunning oceanfront living with 180° views of Conception Bay! With unobstructed ocean views & Magnificent Sunsets from all three levels this 3,200+sqft unit is Simply Amazing!! The building was originally a condo building but has now been converted to a HOA (Homeowners Association). This large penthouse unit was originally built by the developer for their personal residence and the attention to detail is remarkable. The main floor features a beautiful kitchen with granite countertops, large dining area w/ coffee bar and wine fridge, half bath and large living room w/ propane fireplace which leads to a large deck just meters from the beach. Head upstairs and you'll find a master bedroom you could only dream of, with wall to wall windows where you can actually watch the whales from lying in your bed! The master also has a beautiful built in unit with propane fireplace, walk-in closet, great ensuite and a separate mini-split system just for the master bedroom (There are two mini-split units with 3 heads throughout the unit). You will also find on the second floor, a second beautiful bedroom, full bath and a convenient upstairs laundry room. Now let's head downstairs... This may be where you'll spend the majority of your time. The lower level features a huge bar & rec room area w/ beautiful cabinetry and a second half bath. The icing on the cake is the large bonus room which once again features magnificent views of Conception Bay and has access to another outside deck. The owners currently have it set up as a theatre and games room, but it could also potentially be used for a third bedroom if preferred. If you enjoy watching wildlife and boats in the bay, this property is hard to beat. The owners often see whales, seals, tuna & an abundance of different wildlife. The shingles on the back of the building are less then a year old and the front shingles approx. 4 years old. HOA fees are just $160/m & being a HOA it's not restrctive as most condo buildings. (id:56688)
Property Details
Listing ID: 27272701
Address: 28 Lions Crescent Unit#6, CBS, Newfoundland & Labrador, Canada A1W4M2
Status: Active
Last updated: a month ago ( Aug 9, 2024 )
Year Built: 2009
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 3
Baths: 4
1/2 Baths: 2
Heating: Electric, Propane
Sewer: Municipal sewage system
Flooring: Hardwood, Ceramic Tile
Living Area Total: 3,280 square feet
Price per sq ft: $183
Tax Annual Amount: $3,989
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator, Dishwasher, Stove
Water Source: Municipal water
Heating: Electric, Propane
Flooring: Hardwood, Ceramic Tile
Fireplace Features: Insert, Propane
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 49
Rurl
Coordinates: [47.536339, -52.943563]
Rooms
| Lower level | Utility room Bath (# pieces 1-6) Not known Recreation room | 10 X 6 null 2PC null 22 X 22 null 20 X 20 null |
| Second level | Bath (# pieces 1-6) Bedroom Ensuite Primary Bedroom | 4PC null 14 X 14 null 5PC null 20 X 16 null |
| Main level | Bath (# pieces 1-6) Kitchen Dining room Living room/Fireplace | 2PC null 12 X 12 null 14 X 17 null 21 X 20 null |
Basic Calculator
First Mortgage: $479,920
Mortgage insurance premium: $0
Total Financing: $479,920
Rough closing fee (1.5%): ~ $8,999
Total downpayment with estimated closing fee: $128,979
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,609 | $43,308 |
| Gross rental income (income/principal ratio) | 0.602% | 7.219% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $750 | $9,000 |
| Vacancy | $181 | $2,166 |
| Management Fee | $289 | $3,465 |
| Expense / Income Ratio | 20.78% | 20.78% |
| Cash Flow | $2,390 | $28,680 |
| Net Operating Income (NOI) | $2,390 | $28,680 |
| Capitalization Rate | 0.40% | 4.78% |
