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TelephoneEmail274 Conception Bay Highway, Conception Bay South, Newfoundland & Labrador, Canada A1W5K7

274 Conception Bay Highway

Conception Bay South, NL, A1W5K7

location

$499,900

274 Conception Bay Highway Conception Bay South Newfoundland & Labrador Canada A1W5K7, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
274 Conception Bay Highway Conception Bay South Newfoundland & Labrador Canada A1W5K7, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
274 Conception Bay Highway Conception Bay South Newfoundland & Labrador Canada A1W5K7, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
274 Conception Bay Highway Conception Bay South Newfoundland & Labrador Canada A1W5K7, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
274 Conception Bay Highway Conception Bay South Newfoundland & Labrador Canada A1W5K7, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
274 Conception Bay Highway Conception Bay South Newfoundland & Labrador Canada A1W5K7, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
274 Conception Bay Highway Conception Bay South Newfoundland & Labrador Canada A1W5K7, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
274 Conception Bay Highway Conception Bay South Newfoundland & Labrador Canada A1W5K7, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
274 Conception Bay Highway Conception Bay South Newfoundland & Labrador Canada A1W5K7, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
274 Conception Bay Highway Conception Bay South Newfoundland & Labrador Canada A1W5K7, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
274 Conception Bay Highway Conception Bay South Newfoundland & Labrador Canada A1W5K7, for Sale, residential, Haris Barki, Keller Williams Platinum Realty

Presented By

Haris Barki
Haris Barki
REALTOR ®
Keller Williams Platinum Realty
About the property (MLS: 1281423):

Prime Commercial building in a High Traffic Area of Long Pond backing onto the waters of Conception Bay. This Building under went significant upgrades in recent years from Siding, shingles, Heating system including heat pump and mini split on main, all plumbing, wheel chair lift, new flooring lower level, plastered/ painted, some new interior and exterior lighting... list goes on .Building main floor approx. 2256 sq feet which is open design with bathroom, storage room and change rooms PLUS basement mainly storage area consisting of approx. 500 sq feet. Land size is approx. 143 x 135 x 144 x 109 with plenty of paved parking. If HST is applicable its the responsibility of purchaser. Long term Tenant in place. (id:56688)

Property Details
MLS: 1281423
Listing ID: 27871332
Address: 274 Conception Bay Highway, Conception Bay South, Newfoundland & Labrador, Canada A1W5K7
Status: Active
Last updated: 10 days ago ( Feb 4, 2025 )
Year Built: 1974
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
View: View
Number of stories: 2
Number of Levels: 2
Heating: Heat Pump
Fencing: Partially fenced
Living Area Total: 2,256 square feet
Price per sq ft: $222
Tax Annual Amount: $2,669
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Heat Pump
Common Interest: Freehold
Business Type: Other, Retail and Wholesale
Number of photos available: 11
Rurl
Coordinates: [47.510708, -52.971769]

Rooms

Basic Calculator



First Mortgage: $399,920

Mortgage insurance premium: $0

Total Financing: $399,920

Rough closing fee (1.5%): ~ $7,499

Total downpayment with estimated closing fee: $107,479

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Investment Calculator:

MonthlyYearly
Gross Revenue$2,482$29,784
Gross rental income (income/principal ratio)0.496%5.958%
Mortgage$0$0
Monthly Expenses$625$7,500
Vacancy$125$1,490
Management Fee$199$2,383
Expense / Income Ratio25.18%25.18%
Cash Flow$1,535$18,420
Net Operating Income (NOI)$1,535$18,420
Capitalization Rate0.31%3.68%
Capitalization Rate: 3.68%
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).): $714,143