About the property (MLS: 1287400):
Prime location, high visibility on this fantastic corner lot. This may be the opportunity you have been waiting for. Call today for your private viewing. (id:56688)
Property Details
MLS: 1287400
Listing ID: 28559969
Address: 210 Conception Bay Highway, Conception Bay South, Newfoundland & Labrador, Canada A1W2H4
Status: Active
Last updated: 6 days ago ( Jul 4, 2025 )
Year Built: 1975
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 3
Baths: 1
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Laminate, Mixed Flooring
Living Area Total: 2,255 square feet
Price per sq ft: $156
Tax Annual Amount: $2,000
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Laminate, Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 15
Rurl
Coordinates: [47.514448, -52.966304]
Listing ID: 28559969
Address: 210 Conception Bay Highway, Conception Bay South, Newfoundland & Labrador, Canada A1W2H4
Status: Active
Last updated: 6 days ago ( Jul 4, 2025 )
Year Built: 1975
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 3
Baths: 1
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Laminate, Mixed Flooring
Living Area Total: 2,255 square feet
Price per sq ft: $156
Tax Annual Amount: $2,000
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Laminate, Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 15
Rurl
Coordinates: [47.514448, -52.966304]
Rooms
Main level | Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom Kitchen Dining room Living room | 5.6 x 9.6 null 11 x 9.9 null 9.9 x 9.6 null 11 x 11 null 14 x 12 null 10 x 8.6 null 14 x 15 null |
Basic Calculator
First Mortgage: $279,920
Mortgage insurance premium: $0
Total Financing: $279,920
Rough closing fee (1.5%): ~ $5,249
Total downpayment with estimated closing fee: $75,229
Investment Calculator:
Monthly | Yearly | |
---|---|---|
Gross Revenue | $2,481 | $29,772 |
Gross rental income (income/principal ratio) | 0.709% | 8.509% |
Mortgage | $0 | $0 |
Monthly Expenses | $438 | $5,256 |
Vacancy | $125 | $1,489 |
Management Fee | $199 | $2,382 |
Expense / Income Ratio | 17.65% | 17.65% |
Cash Flow | $1,721 | $20,652 |
Net Operating Income (NOI) | $1,721 | $20,652 |
Capitalization Rate | 0.49% | 5.90% |
Capitalization Rate: 5.90%
After-repair value (ARV) (This is a rule for purchasing and flipping distressed real estate for a profit, which states that the purchase price should be less than 70% of after-repair value (ARV) minus repair costs (rehab).): $499,858