7 Leisure Lane
Conception Bay South, NL, A1X2L2
3 Beds | 1 Bath
$369,900
About the property (MLS: 1289512):
Welcome to 7 Leisure Lane, a well-kept home that blends comfort, functionality, and investment potential in the heart of Conception Bay South. This property offers three spacious bedrooms and a full bathroom complete with a relaxing soaker tub and the added convenience of a washer and dryer. The bright and separate living room features a cozy fireplace, while the combined kitchen and dining area provides plenty of cupboard space along with a separate pantry. From the main floor, you’ll enjoy beautiful views, adding to the charm of this inviting home. Outside, the property boasts a detached 18' x 24' garage equipped with a woodstove, making it the perfect year-round space for storage, projects, or a workshop. The basement is roughed in for a two-apartment suite, offering excellent income potential or additional living space for extended family. The generous yard provides ample room for children, pets, or summer entertaining, and the home is located in a quiet, family-friendly neighborhood just minutes from schools, shopping, and recreation. Move-in ready and full of potential, this home is a fantastic choice for first-time buyers, growing families, or savvy investors. Don’t miss the opportunity to make 7 Leisure Lane your new home! (id:56688)
Property Details
Listing ID: 28764114
Address: 7 Leisure Lane, Conception Bay South, Newfoundland & Labrador, Canada A1X2L2
Status: Active
Last updated: a day ago ( Aug 26, 2025 )
Year Built: 2010
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, Wood
Sewer: Septic tank
Flooring: Laminate, Mixed Flooring
Living Area Total: 2,458 square feet
Price per sq ft: $151
Tax Annual Amount: $2,421
Tax Year: 2025
Garage? Yes
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer
Water Source: Drilled Well
Foundation Details: Concrete
Heating: Electric, Wood
Flooring: Laminate, Mixed Flooring
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 41
Rurl
Coordinates: [47.497527, -52.980692]
Rooms
| Basement | Recreation room | 12.5x12.8 null |
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom Living room/Fireplace Dining room Kitchen | B4 null 10.25x7.3 null 10.4x10 null 11.3x12.75 null 16.1x12.75 null 8.6x12.6 null 9.3x12.8 null |
Basic Calculator
First Mortgage: $295,920
Mortgage insurance premium: $0
Total Financing: $295,920
Rough closing fee (1.5%): ~ $5,549
Total downpayment with estimated closing fee: $79,529
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,704 | $32,448 |
| Gross rental income (income/principal ratio) | 0.731% | 8.772% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $463 | $5,556 |
| Vacancy | $136 | $1,623 |
| Management Fee | $217 | $2,596 |
| Expense / Income Ratio | 17.12% | 17.12% |
| Cash Flow | $1,890 | $22,680 |
| Net Operating Income (NOI) | $1,890 | $22,680 |
| Capitalization Rate | 0.51% | 6.13% |
