274 Conception Bay Highway
Conception Bay South, NL, A1W5K7
$459,900
About the property (MLS: 1287227):
Prime Commercial building in a High Traffic Area of Long Pond backing onto the waters of Conception Bay. This Building under went significant upgrades in recent years from Siding, shingles, Heating system including heat pump and mini split on main, all plumbing, wheel chair lift, new flooring lower level, plastered/ painted, some new interior and exterior lighting... list goes on .Building main floor approx. 2256 sq feet which is open design with bathroom, storage room and change rooms PLUS basement mainly storage area consisting of approx. 500 sq feet. Land size is approx. 143 x 135 x 144 x 109 with plenty of paved parking. If HST is applicable its the responsibility of purchaser. Great Property to run a business or lease out! (id:56688)
Property Details
Listing ID: 28550657
Address: 274 Conception Bay Highway, Conception Bay South, Newfoundland & Labrador, Canada A1W5K7
Status: Active
Last updated: 8 days ago ( Jul 3, 2025 )
Year Built: 1974
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
View: View
Heating: Heat Pump
Fencing: Partially fenced
Living Area Total: 2,256 square feet
Price per sq ft: $204
Tax Annual Amount: $2,669
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Heat Pump
Common Interest: Freehold
Business Type: Retail and Wholesale, Service
Number of photos available: 18
Rurl
Coordinates: [47.510882, -52.971769]
Rooms
Basic Calculator
First Mortgage: $367,920
Mortgage insurance premium: $0
Total Financing: $367,920
Rough closing fee (1.5%): ~ $6,899
Total downpayment with estimated closing fee: $98,879
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,482 | $29,784 |
| Gross rental income (income/principal ratio) | 0.540% | 6.476% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $575 | $6,900 |
| Vacancy | $125 | $1,490 |
| Management Fee | $199 | $2,383 |
| Expense / Income Ratio | 23.17% | 23.17% |
| Cash Flow | $1,585 | $19,020 |
| Net Operating Income (NOI) | $1,585 | $19,020 |
| Capitalization Rate | 0.34% | 4.14% |
