1 Barnes Lane
Conception Bay South, NL, A1W5T7
6 Beds | 3 Baths
$429,900
About the property (MLS: 1279282):
Situated in a very sought after Topsail neighborhood, this very spacious 4+2 bedroom bungalow with a registered 2 bedroom apartment is quite a find. The oversized corner lot has plenty of paved parking, a fenced rear yard with two tiered rear deck and a 14' X 16' detached garage! Inside, the main floor boasts a Kitchen with plenty cupboards and a peninsula next to the large Dining Room. The open hallway leads to a bright Living Room with the bedrooms being located away from the main living areas of the home for more privacy. The primary bedroom is good sized and has a walk-in as well as a private access to the main bathroom. In the basement, the large bright rec room, with a wet bar offers a great space for entertaining, kids parties or movie-time! There's also a 4th bedroom, half bath and laundry. The large apartment has an IKEA kitchen, 2 bedrooms, 4 PCE bath and full laundry room. Some recent upgrades include - New shingles 2016, New H/W Boilers 2024, Blown-in insulation 2023. THE MAIN FLOOR WILL BE VACANT EARLY DECEMBER JUST IN TIME FOR PRE-CHRISTMAS MOVE-IN!! As per the Sellers direction, no written offers will be considered until 4PM November 8th. Listing agent is related to the Sellers. (id:56688)
Property Details
Listing ID: 27612307
Address: 1 Barnes Lane, Conception Bay South, Newfoundland & Labrador, Canada A1W5T7
Status: Active
Last updated: a month ago ( Nov 8, 2024 )
Year Built: 1980
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: Two Apartment House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 6
Baths: 3
1/2 Baths: 1
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Laminate, Ceramic Tile
Fencing: Fence
Living Area Total: 3,120 square feet
Price per sq ft: $138
Tax Annual Amount: $2,651
Tax Year: 2024
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Hardwood, Laminate, Ceramic Tile
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 31
Rurl
Coordinates: [47.534738, -52.930235]
Rooms
| Basement | Bath (# pieces 1-6) Not known Not known Not known Not known Not known Laundry room Bedroom Bath (# pieces 1-6) Recreation room | 4 PCE null 7-3x7-0 null 10-3x9-6 null 11-5x9-8 null 13-6x11-10 null 14-0x10-3 null 10-2x5-0 null 11-3x9-3 null 2 PCE null 20-10x13-6 null |
| Main level | Bath (# pieces 1-6) Office Bedroom Bedroom Primary Bedroom Living room Dining room Kitchen | 4 PCE null 9-0x8-6 null 10-0x10-0 null 11-8x8-5 null 16-0x12x0 null 18-0x12-4 null 14-0x10-4 null 10-9x9-9 null |
Basic Calculator
First Mortgage: $343,920
Mortgage insurance premium: $0
Total Financing: $343,920
Rough closing fee (1.5%): ~ $6,449
Total downpayment with estimated closing fee: $92,429
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,433 | $41,196 |
| Gross rental income (income/principal ratio) | 0.799% | 9.583% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $538 | $6,456 |
| Vacancy | $172 | $2,060 |
| Management Fee | $275 | $3,296 |
| Expense / Income Ratio | 15.67% | 15.67% |
| Cash Flow | $2,449 | $29,388 |
| Net Operating Income (NOI) | $2,449 | $29,388 |
| Capitalization Rate | 0.57% | 6.84% |
