2644 Topsail Road
Conception Bay South, NL, A1W4A5
4 Beds | 2 Baths
$259,000
About the property (MLS: 1281637):
At $259K, finding a registered two-apartment home is next to impossible—but this one offers even more. Sitting on a large corner lot that’s double the size of a typical property, this home in Chamberlains, CBS provides extra space for parking, equipment, recreational toys, or a bigger backyard for kids and pets. With two driveways and excellent visibility, it’s also a great choice for anyone running a home-based business. This two-story, two-apartment home features one unit on the top floor and another on the main level, both with 2 bedrooms, 1 bath, separate laundry, and electric heat. The top unit has been renovated, while the main level is ready for updates, making it a fantastic sweat equity project for a handy buyer. Both units are on separate electric meters, rare for homes in this price range. Beyond the trees, you’ll catch glimpses of Conception Bay Harbour, adding a touch of coastal charm. The location is unbeatable—walking distance to Villa Nova Junior High, Holy Spirit High, Chamberlains Park, and the Manuels River Trail, plus just one minute from highway access for an easy commute. Whether you’re looking for a home with rental income, an affordable investment property that’s 30% cheaper than the average two-apartment, or a place to run a home-based business, this property has the space, location, and potential to make it work for you. Book your viewing today! (id:56688)
Property Details
Listing ID: 27912882
Address: 2644 Topsail Road, Conception Bay South, Newfoundland & Labrador, Canada A1W4A5
Status: Active
Last updated: 2 days ago ( Mar 21, 2025 )
Year Built: 1970
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 4
Baths: 2
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Laminate
Living Area Total: 1,540 square feet
Price per sq ft: $169
Tax Annual Amount: $1,171
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Laminate
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 14
Rurl
Coordinates: [47.527618, -52.944823]
Rooms
| Second level | Bath (# pieces 1-6) Bedroom Bedroom Living room Kitchen | 3pc 10 x 10 null 10 x 10 null 12 x 12 null 11 x 15 null |
Basic Calculator
First Mortgage: $207,200
Mortgage insurance premium: $0
Total Financing: $207,200
Rough closing fee (1.5%): ~ $3,885
Total downpayment with estimated closing fee: $55,685
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,695 | $20,340 |
| Gross rental income (income/principal ratio) | 0.654% | 7.853% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $324 | $3,888 |
| Vacancy | $85 | $1,017 |
| Management Fee | $136 | $1,628 |
| Expense / Income Ratio | 19.12% | 19.12% |
| Cash Flow | $1,151 | $13,812 |
| Net Operating Income (NOI) | $1,151 | $13,812 |
| Capitalization Rate | 0.44% | 5.33% |
