986 Conception Bay Highway
Conception Bay South, NL, A1X7S4
$199,000
About the property (MLS: 1281872):
Spacious lot with a large open building that offers versatile opportunities for various uses. "as is where is". Convenient parking available both in front and behind the building. The exterior is finished with durable vinyl siding. Inside, there are six bathrooms, and the upstairs features several rooms along with a full washroom. Additionally, there is a separate room that has its own entrance and washroom with a shower. The commercial property is situated in a prime location with stunning views of the ocean as is where is. (id:56688)
Property Details
MLS: 1281872
Listing ID: 27928891
Address: 986 Conception Bay Highway, Conception Bay South, Newfoundland & Labrador, Canada A1X7S4
Status: Active
Last updated: 24 days ago ( Feb 20, 2025 )
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
View: Ocean view
Heating: Oil
Flooring: Mixed Flooring
Living Area Total: 2,806 square feet
Price per sq ft: $71
Tax Annual Amount: $1,300
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Oil
Flooring: Mixed Flooring
Common Interest: Freehold
Business Type: Other, Arts and Entertainment
Building Features: Laundry Facility, Recreation Centre
Number of photos available: 20
Rurl
Coordinates: [47.491611, -53.032085]
Listing ID: 27928891
Address: 986 Conception Bay Highway, Conception Bay South, Newfoundland & Labrador, Canada A1X7S4
Status: Active
Last updated: 24 days ago ( Feb 20, 2025 )
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
View: Ocean view
Heating: Oil
Flooring: Mixed Flooring
Living Area Total: 2,806 square feet
Price per sq ft: $71
Tax Annual Amount: $1,300
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Oil
Flooring: Mixed Flooring
Common Interest: Freehold
Business Type: Other, Arts and Entertainment
Building Features: Laundry Facility, Recreation Centre
Number of photos available: 20
Rurl
Coordinates: [47.491611, -53.032085]
Rooms
Basic Calculator
First Mortgage: $159,200
Mortgage insurance premium: $0
Total Financing: $159,200
Rough closing fee (1.5%): ~ $2,985
Total downpayment with estimated closing fee: $42,785
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,087 | $37,044 |
| Gross rental income (income/principal ratio) | 1.551% | 18.615% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $249 | $2,988 |
| Vacancy | $155 | $1,853 |
| Management Fee | $247 | $2,964 |
| Expense / Income Ratio | 8.07% | 8.07% |
| Cash Flow | $2,437 | $29,244 |
| Net Operating Income (NOI) | $2,437 | $29,244 |
| Capitalization Rate | 1.22% | 14.70% |
Capitalization Rate: 14.70%
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).): $284,286
