45 Atkins ""Burnt Island"" Road
Conception Bay South, NL, A1W3A7
3 Beds | 4 Baths
$2,590,000
About the property (MLS: 1279201):
One of the most incredible and incomparable real estate opportunities in the Province. 5.6-acre private waterfront estate situated along Conception Bay Beach and Long Pond, Manuels and known since 1886 as "Burnt Island". Historically, issued from the Crown to John Smith, the island has been the property of Ayre and Sons Limited and the Bennett Family before current owners developed a luxurious western redwood cedar lodge to reside on this picturesque and secluded sanctuary. The potential for development of secure and private marine facilities on this property cannot be matched. Situated opposite the Royal Newfoundland Yacht Club, Burnt Island is truly the location of a boater's paradise. Remarkable view vantage-points, magical sunsets and well-over a collective 2,000 feet of private waterfront and beachfront. Property also includes a 1,500 sf detached two-storey heated Garage together with additional prime opportunity for considering further property development such as guest house, pool, tennis court, etc. (id:56688)
Property Details
Listing ID: 27600691
Address: 45 Atkins ""Burnt Island"" Road, Conception Bay South, Newfoundland & Labrador, Canada A1W3A7
Status: Active
Last updated: a month ago ( Oct 31, 2024 )
Year Built: 2001
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
View: Ocean view
Number of stories: 1.5
Number of Levels: 1.5
Beds: 3
Baths: 4
1/2 Baths: 2
Heating: Hot water radiator heat, Radiant heat, Oil
Sewer: Septic tank
Flooring: Hardwood, Ceramic Tile
Living Area Total: 5,364 square feet
Price per sq ft: $483
Tax Annual Amount: $5,700
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Garage Spaces: 2
Waterfront? No
Pool? No
Appliances: Dishwasher, Microwave, Alarm System, Cooktop, Oven - Built-In
Water Source: Municipal water
Foundation Details: Concrete
Heating: Hot water radiator heat, Radiant heat, Oil
Flooring: Hardwood, Ceramic Tile
Exterior Features: Cedar Siding
Common Interest: Freehold
Number of photos available: 50
Rurl
Coordinates: [47.527216, -52.962641]
Rooms
| Basement | Not known Storage Workshop Utility room | 24.10x21.3 null 25.0x15.2 null 36.6x36.6 null 26.0x12.0 null |
| Second level | Bedroom Bedroom Other | 11.4x10.6 null 12.4x9.0 null 12.0x10.6Sittin null |
| Main level | Porch Laundry room Ensuite Primary Bedroom Other Foyer Dining room Eating area Living room/Fireplace Kitchen | 5.9x4.10 null 9.0x5.2 null 9.0x8.5 null 15.6x15.4 null 13.8x12.0Study null 14.0x12.4 null 17.6x14.0 null 10.0x8.0 null 18.30x17.6 null 18.0x12.10 null |
Basic Calculator
First Mortgage: $2,072,000
Mortgage insurance premium: $0
Total Financing: $2,072,000
Rough closing fee (1.5%): ~ $38,850
Total downpayment with estimated closing fee: $556,850
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $5,901 | $70,812 |
| Gross rental income (income/principal ratio) | 0.228% | 2.734% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $3,238 | $38,856 |
| Vacancy | $296 | $3,541 |
| Management Fee | $473 | $5,665 |
| Expense / Income Ratio | 54.87% | 54.87% |
| Cash Flow | $1,896 | $22,752 |
| Net Operating Income (NOI) | $1,896 | $22,752 |
| Capitalization Rate | 0.07% | 0.88% |
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![Walk Score of 17 Ruth Avenue Mount Pearl NL Canada](https://pp.walk.sc/badge/transit/45-Atkins-""Burnt-Island""-Road-Conception-Bay-South-Conception-Bay-South--CA.dash.NL-A1W3A7.png){kind=icon}