1621 Conception Bay Highway
Conception Bay South, NL, A1X6M7
$64,900
About the property (MLS: 1279963):
Amazing opportunity! Residential mixed zone (R3) building lot located on Route 60 in Seal Cove. Located across from CONA Campus and moments off Peacekeeper's way. The possibilities are endless with this property. Municipal services accessible from Route 60. Purchaser is responsible for all development fees, permits, hook ups and HST if applicable. Exact size of lot subject to verification. (id:56688)
Property Details
MLS: 1279963
Listing ID: 27685868
Address: 1621 Conception Bay Highway, Conception Bay South, Newfoundland & Labrador, Canada A1X6M7
Status: Active
Last updated: 8 days ago ( Dec 3, 2024 )
Property Type: Vacant Land
Ownership Type: Freehold
Sewer: Municipal sewage system
Price per sq ft: $∞
Tax Annual Amount: $0
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: 1
Rurl
Coordinates: [47.450866, -53.069982]
Listing ID: 27685868
Address: 1621 Conception Bay Highway, Conception Bay South, Newfoundland & Labrador, Canada A1X6M7
Status: Active
Last updated: 8 days ago ( Dec 3, 2024 )
Property Type: Vacant Land
Ownership Type: Freehold
Sewer: Municipal sewage system
Price per sq ft: $∞
Tax Annual Amount: $0
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: 1
Rurl
Coordinates: [47.450866, -53.069982]
Rooms
Basic Calculator
First Mortgage: $51,920
Mortgage insurance premium: $0
Total Financing: $51,920
Rough closing fee (1.5%): ~ $974
Total downpayment with estimated closing fee: $13,954
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $0 | $0 |
| Gross rental income (income/principal ratio) | 0.000% | 0.000% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $82 | $984 |
| Vacancy | $0 | $0 |
| Management Fee | $0 | $0 |
| Expense / Income Ratio | Infinity% | Infinity% |
| Cash Flow | $-82 | $-984 |
| Net Operating Income (NOI) | $-82 | $-984 |
| Capitalization Rate | -0.13% | -1.52% |
Capitalization Rate: -1.52%
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).): $92,715
