48 Franks Road
Conception Bay South, NL, A1X6W8
5 Beds | 2 Baths
$289,000
About the property (MLS: 1286498):
Located in the heart of Conception Bay South, this two-apartment home offers incredible potential on a beautiful oversized lot. The main unit features 3 bedrooms, while the lower apartment offers 2 bedrooms making it ideal for rental income or multi-generational living. The home does require work, but for the right buyer whether you're an investor, contractor, or someone handy—this is a fantastic opportunity to build equity and customize to your vision. What truly sets this property apart is the land: mature, sun-filled, and with potential to subdivide (subject to town approval) for a future building lot offering added long-term value. Live in one unit while renovating, rent out both for passive income, or explore redevelopment opportunities. With endless possibilities, this is one you won’t want to miss! Being sold as-is. No presentation of Offers as per Sellers instruction until 1PM on the 23rd of June, 2025. (id:56688)
Property Details
Listing ID: 28481000
Address: 48 Franks Road, Conception Bay South, Newfoundland & Labrador, Canada A1X6W8
Status: Active
Last updated: 23 days ago ( Jun 17, 2025 )
Year Built: 1975
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 2,012 square feet
Price per sq ft: $144
Tax Annual Amount: $2,843
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Stove, Dryer, See remarks
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring
Fireplace Features: Insert, Propane
Exterior Features: Wood shingles
Common Interest: Freehold
Number of photos available: 4
Rurl
Coordinates: [47.487187, -53.019867]
Rooms
| Basement | Not known Not known Not known Not known Laundry room | 8.9 x 7 null 10.4 x 9.4 null 15.4 x 12.10 null 18 x 12.6 null 13.9 x 9.8 null |
| Main level | Bedroom Bedroom Primary Bedroom Kitchen Living room/Dining room | 9.11 x 8.10 null 9.9 x 8.6 null 12 x 10.3 null 12.1 x 9.10 null 25.1 x 13.9 null |
Basic Calculator
First Mortgage: $231,200
Mortgage insurance premium: $0
Total Financing: $231,200
Rough closing fee (1.5%): ~ $4,335
Total downpayment with estimated closing fee: $62,135
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,214 | $26,568 |
| Gross rental income (income/principal ratio) | 0.766% | 9.193% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $362 | $4,344 |
| Vacancy | $111 | $1,329 |
| Management Fee | $178 | $2,126 |
| Expense / Income Ratio | 16.35% | 16.35% |
| Cash Flow | $1,565 | $18,780 |
| Net Operating Income (NOI) | $1,565 | $18,780 |
| Capitalization Rate | 0.54% | 6.50% |
