18 Cole Thomas Drive
Upper Gullies, NL, A1X0H4
5 Beds | 3 Baths
$398,900
About the property (MLS: 1286101):
18 Cole Thomas is a 2 apartment home which was built in 2015 and has a modern open concept main floor living room into eating and kitchen area with hardwood cabinets and a pensinula counter. You can access the rear deck and the rear yard from the kitchen and enjoy evening sun over Conception Bay. There are 3 nice size bedrooms on the main with a rec room and extra bedroom and laundry in the basement. The 1 bedroom apartment is open as well with the living room and kitchen taking in the full width of the back of the homes basement so it is not claustrophobic and has a nice size bedroom. This area of CBS is close to downtown CBS, shopping as close as Pipers, gas stations and food establishments nearby. You can access CBS by-pass road by way of Lawrence Pond Rd, Legion Rd or a couple of more accesses down CBS highway to get to Mount Pearl, St. Johns or head west and enjoy a walk down the trails along the coast of conception Bay itself. Viewings may require 24 hours notice. All measurements are believed to be accurate using a laser measuring device but should be confirmed by the purchaser or purchasers representative. (id:56688)
Property Details
Listing ID: 28430789
Address: 18 Cole Thomas Drive, Upper Gullies, Newfoundland & Labrador, Canada A1X0H4
Status: Active
Last updated: 13 hours ago ( Jun 12, 2025 )
Year Built: 2015
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 3
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Other
Living Area Total: 2,310 square feet
Price per sq ft: $173
Tax Annual Amount: $2,714
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, Other
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 24
Rurl
Coordinates: [47.483158, -53.044046]
Rooms
| Basement | Not known Not known Not known Bedroom Recreation room | 9.1x8.6 null 13.3x10.2 null 13.3x10.2 null 12.4x11.10 null 11.1x9.5 null |
| Main level | Bedroom Bedroom Ensuite Primary Bedroom Kitchen Living room | 9.9x8.11 null 11.10x9.10 null 5.6x5.5 null 13.5x10.8 null 17.4x12.3 null 13.11x12.4 null |
Basic Calculator
First Mortgage: $319,120
Mortgage insurance premium: $0
Total Financing: $319,120
Rough closing fee (1.5%): ~ $5,984
Total downpayment with estimated closing fee: $85,764
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,541 | $30,492 |
| Gross rental income (income/principal ratio) | 0.637% | 7.644% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $499 | $5,988 |
| Vacancy | $128 | $1,525 |
| Management Fee | $204 | $2,440 |
| Expense / Income Ratio | 19.64% | 19.64% |
| Cash Flow | $1,712 | $20,544 |
| Net Operating Income (NOI) | $1,712 | $20,544 |
| Capitalization Rate | 0.43% | 5.15% |
