157-161 Conception Bay Highway
Conception Bay South, NL, A1W3G7
$999,999
About the property (MLS: 1279191):
3.5 Acre commercial/residential mix lot, located in the heart of downtown CBS, offering exceptional proximity to all major retailers. Currently featuring two residential dwellings on-site, this property presents a unique investment opportunity in a high-traffic, central location with a wide range of future uses. Don’t miss the chance to develop in one of CBS’s most sought-after commercial areas. (id:56688)
Property Details
MLS: 1279191
Listing ID: 27600384
Address: 157-161 Conception Bay Highway, Conception Bay South, Newfoundland & Labrador, Canada A1W3G7
Status: Active
Last updated: 5 months ago ( Oct 31, 2024 )
Property Type: Vacant Land
Ownership Type: Freehold
Sewer: Municipal sewage system
Tax Annual Amount: $6,300
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Common Interest: Freehold
Number of photos available: 30
Rurl
Coordinates: [47.516607, -52.960855]
Listing ID: 27600384
Address: 157-161 Conception Bay Highway, Conception Bay South, Newfoundland & Labrador, Canada A1W3G7
Status: Active
Last updated: 5 months ago ( Oct 31, 2024 )
Property Type: Vacant Land
Ownership Type: Freehold
Sewer: Municipal sewage system
Tax Annual Amount: $6,300
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Common Interest: Freehold
Number of photos available: 30
Rurl
Coordinates: [47.516607, -52.960855]
Rooms
Basic Calculator
First Mortgage: $800,000
Mortgage insurance premium: $0
Total Financing: $800,000
Rough closing fee (1.5%): ~ $15,000
Total downpayment with estimated closing fee: $215,000
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $0 | $0 |
| Gross rental income (income/principal ratio) | 0.000% | 0.000% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $0 | $0 |
| Vacancy | $0 | $0 |
| Management Fee | $0 | $0 |
| Expense / Income Ratio | NaN% | NaN% |
| Cash Flow | $0 | $0 |
| Net Operating Income (NOI) | $0 | $0 |
| Capitalization Rate | 0.00% | 0.00% |
Capitalization Rate: 0.00%
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).): $1,428,570
