2644 Topsail Road
Conception Bay South, NL, A1W4A5
4 Beds | 3 Baths
$199,900
About the property (MLS: 1286994):
Attention Investors/ House flippers......Welcome to 2644 Topsail Rd. This registered 2 apartment ( separate meters ) is located on an oversize corner lot in CBS . This two-story, two-apartment home features both units above ground, one unit on the top floor and another on the main level, both with 2 bedrooms, 1 bath, separate laundry, and electric heat. The top unit has been renovated. The main level is in need of a full renovation. Conveniently located and walking distance to Villa Nova Junior High, Holy Spirit High, Chamberlains Park, and the Manuels River Trail, and minutes to the highway. This property is priced to sell. (id:56688)
Property Details
Listing ID: 28522798
Address: 2644 Topsail Road, Conception Bay South, Newfoundland & Labrador, Canada A1W4A5
Status: Active
Last updated: 14 days ago ( Jun 27, 2025 )
Year Built: 1970
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 4
Baths: 3
1/2 Baths: 1
Heating: Electric
Sewer: Municipal sewage system
Flooring: Laminate
Living Area Total: 1,540 square feet
Price per sq ft: $130
Tax Annual Amount: $1,171
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: See remarks
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Laminate
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 14
Rurl
Coordinates: [47.527656, -52.944282]
Rooms
| Second level | Bath (# pieces 1-6) Bedroom Bedroom Living room Kitchen | B3 null 10x10 null 10x10 null 12x12 null 11x15 null |
Basic Calculator
First Mortgage: $159,920
Mortgage insurance premium: $0
Total Financing: $159,920
Rough closing fee (1.5%): ~ $2,999
Total downpayment with estimated closing fee: $42,979
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,695 | $20,340 |
| Gross rental income (income/principal ratio) | 0.848% | 10.175% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $250 | $3,000 |
| Vacancy | $85 | $1,017 |
| Management Fee | $136 | $1,628 |
| Expense / Income Ratio | 14.75% | 14.75% |
| Cash Flow | $1,225 | $14,700 |
| Net Operating Income (NOI) | $1,225 | $14,700 |
| Capitalization Rate | 0.61% | 7.35% |
