Lot 8 Erica (Phase 3) Avenue
Conception Bay South, NL, A1X0H2
2 Beds | 2 Baths
$384,000
About the property (MLS: 1286384):
This brand new 2 bedroom 2 bathroom modern home will be starting construction soon. Offering open concept living and kitchen area, primary bedroom with ensuite, additional bedroom and bathroom. The lower level consists of finished laundry room, large in-house garage and an unfinished portion with rough-in for future bathroom. Located in the new phase 3 of Erica Avenue which is a family oriented street close to all schools, shopping & amenities with amazing ocean views. Double paved driveway, front & back hydroseed lawn. 10 Year Atlantic home Warranty. Hst rebate to be assigned back to vendor on closing. Model pictures. (id:56688)
Property Details
Listing ID: 28457017
Address: Lot 8 Erica (Phase 3) Avenue, Conception Bay South, Newfoundland & Labrador, Canada A1X0H2
Status: Active
Last updated: 14 days ago ( Jun 12, 2025 )
Year Built: 2025
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 2
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,388 square feet
Price per sq ft: $277
Tax Annual Amount: $0
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 27
Rurl
Coordinates: [47.504851, -52.989877]
Rooms
| Main level | Porch Primary Bedroom Not known Living room Bedroom | 6.9x6.5 null 12.8X12.4 null 11.6X16.5 null 12.4X16.5 null 10.4X10.8 null |
| Basement | Laundry room | 6.10X7.2 null |
Basic Calculator
First Mortgage: $307,200
Mortgage insurance premium: $0
Total Financing: $307,200
Rough closing fee (1.5%): ~ $5,760
Total downpayment with estimated closing fee: $82,560
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,527 | $18,324 |
| Gross rental income (income/principal ratio) | 0.398% | 4.772% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $480 | $5,760 |
| Vacancy | $77 | $917 |
| Management Fee | $123 | $1,466 |
| Expense / Income Ratio | 31.43% | 31.43% |
| Cash Flow | $849 | $10,188 |
| Net Operating Income (NOI) | $849 | $10,188 |
| Capitalization Rate | 0.22% | 2.65% |
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