169 Conception Bay Highway
CBS, NL, A1W3g7
6 Beds | 2 Baths
$339,900
About the property (MLS: 1282274):
This spacious and affordable 2-apartment home is an ideal starter home located within walking distance to all essential amenities in Conception Bay South. Each unit offers over 1,100 sq. ft. of living space, featuring three generously sized bedrooms, one full bathroom, a bright and spacious living room, and a large eat-in kitchen with plenty of storage. Recent upgrades include windows and doors, New Driveway will be installed to allow side street access and main floor painted. With its prime location and strong rental potential, this property is perfect for investors or homeowners looking to generate income while living comfortably. Situated close to shopping, schools, and the almost new community park, convenience is at your doorstep. Whether you're looking for an income-generating property or a home with rental support, this is an opportunity you won’t want to miss. Schedule your viewing today! No conveyance of offers until March 10 at 12 pm. All offers to be open until March 10, 5 pm (id:56688)
Property Details
Listing ID: 27988543
Address: 169 Conception Bay Highway, CBS, Newfoundland & Labrador, Canada A1W3g7
Status: Active
Last updated: 11 days ago ( Mar 12, 2025 )
Year Built: 1989
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: Two Apartment House
Ownership Type: Freehold
View: Ocean view
Number of stories: 1
Number of Levels: 1
Beds: 6
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Carpeted, Mixed Flooring
Living Area Total: 2,240 square feet
Price per sq ft: $152
Tax Annual Amount: $2,600
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Laminate, Carpeted, Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 48
Rurl
Coordinates: [47.516283, -52.961458]
Rooms
| Basement | Bath (# pieces 1-6) Not known Not known Not known Porch Not known Not known Not known | 13x5 null 10.4x10 null 10.4x9.7 null 12.9x11.4 null 7x5 null 10x10 null 10X7 null 16X9 null |
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom Laundry room Not known Living room Porch | 13X5.2 null 10.2X10.3 null 13x11.4 null 10.9x9.7 null 13x5 null 16x11 null 16.8x11 null 6x6 null |
Basic Calculator
First Mortgage: $271,920
Mortgage insurance premium: $0
Total Financing: $271,920
Rough closing fee (1.5%): ~ $5,099
Total downpayment with estimated closing fee: $73,079
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,464 | $29,568 |
| Gross rental income (income/principal ratio) | 0.725% | 8.699% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $425 | $5,100 |
| Vacancy | $124 | $1,479 |
| Management Fee | $198 | $2,366 |
| Expense / Income Ratio | 17.25% | 17.25% |
| Cash Flow | $1,719 | $20,628 |
| Net Operating Income (NOI) | $1,719 | $20,628 |
| Capitalization Rate | 0.51% | 6.07% |
