7 Barnes Lane
Conception Bay South, NL, A1W5T7
4 Beds | 2 Baths
$399,900
About the property (MLS: 1278987):
Discover this beautifully maintained gem nestled in a quiet neighborhood. This spacious bungalow boasts a large, landscaped lot and showcases pride of ownership with numerous recent upgrades. Including new siding, mini split, new kitchen, new bathroom as well as being converted from oil to electric heat. Features: Wrap-around driveway with rear yard access Expansive backyard, perfect for entertaining, complete with a cozy fire pit Detached garage for all your storage needs Registered 2-apartment home, ideal for extra income or multi-generational living This fantastic property won’t last long in today’s market! Agents, please book through Broker Bay. *Note Sellers Directions *Note Sellers Directions: The Seller(s) hereby directs the listing Brokerage there will be no conveyance of any written signed offers prior to 3PM on the 30th day of October, 2024 (id:56688)
Property Details
Listing ID: 27581792
Address: 7 Barnes Lane, Conception Bay South, Newfoundland & Labrador, Canada A1W5T7
Status: Active
Last updated: 2 months ago ( Oct 25, 2024 )
Year Built: 1974
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: Two Apartment House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 4
Baths: 2
1/2 Baths: 0
Heating: Electric, Radiator
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 2,464 square feet
Price per sq ft: $163
Tax Annual Amount: $3,472
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric, Radiator
Flooring: Mixed Flooring
Exterior Features: Wood shingles, Vinyl siding
Common Interest: Freehold
Number of photos available: 33
Rurl
Coordinates: [47.534633, -52.93101]
Rooms
| Basement | Foyer Recreation room Not known Not known Not known Laundry room | 7.10 x 6.00 null 16.00 x 15.20 null 9.11 x 7.00 null 8.90 x 7.10 null 9.00 x 17.00 null 10.00 x 6.00 null |
| Main level | Living room Bedroom Foyer Kitchen Bedroom Bedroom Foyer | 15.20 x 21.00 null 12.60 x 10.40 null 4.60 x 9.10 null 14.00 x 15.00 null 9.00 x 11.00 null 8.60 x 10.40 null 5.00 x 5.00 null |
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 | $2,711 | $32,532 |
| Gross rental income (income/principal ratio) | 0.678% | 8.135% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $500 | $6,000 |
| Vacancy | $136 | $1,627 |
| Management Fee | $217 | $2,603 |
| Expense / Income Ratio | 18.44% | 18.44% |
| Cash Flow | $1,859 | $22,308 |
| Net Operating Income (NOI) | $1,859 | $22,308 |
| Capitalization Rate | 0.46% | 5.58% |
