2662 Topsail Road
Conception Bay South, NL, A1W4A8
$399,900
About the property (MLS: 1277866):
Building was rebuilt in 2014 from the foundation up. The main floor measuring 40’ x 44’ (1760 sq. ft.) consists of a 28 x 31' open space which has been used as a dance studio. Main also has an office, two (2 piece) bathrooms, a foyer/storage area for students, and a viewing area. The basement which has 1620 sq. ft. Developed consists of a large room measuring 21.5 ' x 28.75'which is used as an exercise area. In addition to this the basement also has an office, a storage room and a couple of other smaller rooms. This building could have multiple uses or could be converted to a professional office building to accommodate but not limited to Dentists, Lawyers, Accountants, Doctors, Architects, Insurance Companies etc. (id:56688)
Property Details
Listing ID: 27463601
Address: 2662 Topsail Road, Conception Bay South, Newfoundland & Labrador, Canada A1W4A8
Status: Active
Last updated: 3 months ago ( Sep 25, 2024 )
Year Built: 2014
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Heating: Baseboard heaters, Electric
Flooring: Other, Ceramic Tile
Living Area Total: 1,760 square feet
Price per sq ft: $228
Tax Annual Amount: $3,979
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Baseboard heaters, Electric
Flooring: Other, Ceramic Tile
Common Interest: Freehold
Business Type: Other, Retail and Wholesale, Service
Number of photos available: 36
Rurl
Coordinates: [47.526794, -52.945646]
Rooms
Basic Calculator
First Mortgage: $319,920
Mortgage insurance premium: $0
Total Financing: $319,920
Rough closing fee (1.5%): ~ $5,999
Total downpayment with estimated closing fee: $85,979
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,937 | $23,244 |
| Gross rental income (income/principal ratio) | 0.484% | 5.812% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $500 | $6,000 |
| Vacancy | $97 | $1,163 |
| Management Fee | $155 | $1,860 |
| Expense / Income Ratio | 25.81% | 25.81% |
| Cash Flow | $1,186 | $14,232 |
| Net Operating Income (NOI) | $1,186 | $14,232 |
| Capitalization Rate | 0.30% | 3.56% |
