50 Goldrock Run
Conception Bay South, NL, A1W3K5
5 Beds | 3 Baths
$399,000
About the property (MLS: 1283359):
Bright Two-Apartment Home with Ocean Views in Sunny CBS! Welcome to your next investment opportunity or dream home in beautiful Conception Bay South! This charming, well-maintained two-apartment home offers incredible ocean views, an unbeatable location, and the perfect blend of space, light, and income potential. The main level features a spacious 3-bedroom layout with an abundance of natural light, a warm and inviting living area, and sweeping views of the bay. Downstairs, the bright above-ground 2-bedroom apartment offers an open concept living space, a private entrance, and excellent rental income potential or space for extended family. Located in a highly desirable neighbourhood, you’re just minutes from schools, scenic walking trails, shops, and all the amenities CBS has to offer. Shed located in the backyard for storage. Whether you're a savvy investor or looking for a home with income potential, this property truly has it all. Don't miss your chance to own this stunning home! The Seller(s) hereby directs the listing Brokerage there will be no conveyance of any written signed offers prior to 6PM on the 9th day of April, 2025. The seller further directs that all offers are to remain open for acceptance until 10PM on the 9th day of April, 2025. (id:56688)
Property Details
Listing ID: 28134984
Address: 50 Goldrock Run, Conception Bay South, Newfoundland & Labrador, Canada A1W3K5
Status: Active
Last updated: 5 days ago ( May 9, 2025 )
Year Built: 2008
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
View: Ocean view
Beds: 5
Baths: 3
1/2 Baths: 0
Heating: Baseboard heaters
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 2,326 square feet
Price per sq ft: $172
Tax Annual Amount: $2,678
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer
Water Source: Municipal water
Heating: Baseboard heaters
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 25
Rurl
Coordinates: [47.515685, -52.950081]
Rooms
| Basement | Not known Not known Not known Not known | 12x8.4 null 11.4x10.6 null 12x11.7 null 10.6x11.7 null |
| Main level | Bath (# pieces 1-6) Ensuite Family room Bedroom Bedroom Primary Bedroom Living room Kitchen | 4 piece null 3 piece null 16.7x11.2 null 11.6x9.6 null 12.4x9.2 null 12.4x12.2 null 18.2x11.4 null 16.4x12.1 null |
Basic Calculator
First Mortgage: $319,200
Mortgage insurance premium: $0
Total Financing: $319,200
Rough closing fee (1.5%): ~ $5,985
Total downpayment with estimated closing fee: $85,785
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,559 | $30,708 |
| Gross rental income (income/principal ratio) | 0.641% | 7.696% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $499 | $5,988 |
| Vacancy | $128 | $1,536 |
| Management Fee | $205 | $2,457 |
| Expense / Income Ratio | 19.50% | 19.50% |
| Cash Flow | $1,728 | $20,736 |
| Net Operating Income (NOI) | $1,728 | $20,736 |
| Capitalization Rate | 0.43% | 5.20% |
