16 Reginalds Place
Conception Bay South, NL, A1X7E1
4 Beds | 3 Baths
$429,900
About the property (MLS: 1285703):
This beautifully renovated registered two-apartment home, ideally located just minutes from highway access to the city. This property offers a perfect blend of modern comfort and rental income potential, making it an excellent choice for homeowners and investors alike. Property Highlights: - Substantial Renovations: This home has been extensively updated, with a newly built apartment that features in-suite laundry and has been inspected and approved by the Town of Conception Bay South. - Upgrades Galore: Enjoy the peace of mind that comes with new windows, siding, shingles, electrical, and plumbing. The main floor kitchen has also been beautifully remodeled, complemented by convenient laundry facilities. - Expanded Living Space: A thoughtfully designed extension at the rear of the house includes an additional half bath and a spacious living room, with pine vaulted ceiling that adds elegance to the interior. Outdoor Features: - Double Building Lot: The property sits on a generous double lot adorned with mature plants, vibrant flowers, trees, and fruit-bearing apple trees, absolutely beautiful to see in full bloom. Owners have also installed new patio decks, and a rear yard firepit area for enjoying the outdoors. - Detached Garage: A newly constructed 28x30 detached garage is fully finished and insulated. It features a WETT certified wood stove, and a mini-split heat pump for year-round comfort. - Ample Parking: Two newly installed driveways provide ample parking, accommodating 8 or more vehicles. This home is perfect for anyone looking to offset their mortgage payment through rental income or for families wanting to keep loved ones close by in a separate living space. Don’t miss out on the opportunity to own this meticulously renovated home in a fantastic location! As per sellers direction, there will be no conveyance of any written signed offers before 5PM Thursday June 5, 2025 offers to be left open until 10PM Thursday. (id:56688)
Property Details
Listing ID: 28402177
Address: 16 Reginalds Place, Conception Bay South, Newfoundland & Labrador, Canada A1X7E1
Status: Active
Last updated: 10 days ago ( Jun 2, 2025 )
Year Built: 1988
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 4
Baths: 3
1/2 Baths: 1
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Laminate
Living Area Total: 2,601 square feet
Price per sq ft: $166
Tax Annual Amount: $2,627
Tax Year: 2024
Garage? Yes
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Dishwasher
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Hardwood, Laminate
Fireplace Features: Wood, Woodstove
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 41
Rurl
Coordinates: [47.498678, -52.991528]
Rooms
| Basement | Porch Bath (# pieces 1-6) Not known Not known Not known Storage Bedroom | 4/6 x 5/9 null B3 null 10/4 12/11 null 13/9 x 11/4 null 19/9 x 12/0 null 7/9 x 12/7 null 13/5 x 16/4 null |
| Main level | Bath (# pieces 1-6) Living room Bath (# pieces 1-6) Bedroom Primary Bedroom Kitchen | B2 null 14/5 x 21/0 null B4 null 12/1 x 12/4 null 14/4 x 14/6 null 14/3 x13/3 null |
Basic Calculator
First Mortgage: $343,920
Mortgage insurance premium: $0
Total Financing: $343,920
Rough closing fee (1.5%): ~ $6,449
Total downpayment with estimated closing fee: $92,429
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,862 | $34,344 |
| Gross rental income (income/principal ratio) | 0.666% | 7.989% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $538 | $6,456 |
| Vacancy | $144 | $1,718 |
| Management Fee | $229 | $2,748 |
| Expense / Income Ratio | 18.80% | 18.80% |
| Cash Flow | $1,952 | $23,424 |
| Net Operating Income (NOI) | $1,952 | $23,424 |
| Capitalization Rate | 0.45% | 5.45% |
