7 Kingsway Drive
Conception Bay South, NL, A1X6R5
5 Beds | 3 Baths
$399,900
About the property (MLS: 1291390):
Welcome to 7 Kingsway – a versatile 2-apartment home offering 5 bedrooms and 3 full bathrooms, perfect for investors or those seeking a home with supplemental income. The bright and spacious main unit has just been freshly painted throughout, giving it a modern, move-in-ready feel. Downstairs, the apartment has been completely renovated, making it an attractive option for tenants or extended family. With a total of 5 bedrooms, there’s plenty of space for everyone. Outside, enjoy rear yard access leading to a detached garage—ideal for storage, parking, or your next workshop project. The upgrades mean less work for you and more opportunity to enjoy the benefits of ownership—whether that’s offsetting your mortgage or building equity with rental income. Conveniently located, freshly updated, and offering solid income potential—this property won’t last long! Don’t wait—book your private viewing today and see the possibilities at 7 Kingsway! (id:56688)
Property Details
Listing ID: 28970761
Address: 7 Kingsway Drive, Conception Bay South, Newfoundland & Labrador, Canada A1X6R5
Status: Active
Last updated: a month ago ( Oct 9, 2025 )
Year Built: 2011
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 3
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Septic tank
Flooring: Laminate, Other
Living Area Total: 2,400 square feet
Price per sq ft: $167
Tax Annual Amount: $2,768
Garage? Yes
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Dryer, Microwave
Water Source: Drilled Well
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Laminate, Other
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 30
Rurl
Coordinates: [47.442761, -53.083777]
Rooms
| Basement | Bedroom Bedroom Bath (# pieces 1-6) Living room Kitchen | 12.74x10 null 13x12 null 3PC null 21.62x11 null 12x12 null |
| Main level | Laundry room Ensuite Primary Bedroom Bedroom Bedroom Bath (# pieces 1-6) Living room Kitchen | 12.66x10.58 null 3PC null 11x12 null 11x9 null 9.02x10.62 null 3PC null 10.88x22.55 null 12x19.78 null |
Basic Calculator
First Mortgage: $319,920
Mortgage insurance premium: $0
Total Financing: $319,920
Rough closing fee (1.5%): ~ $5,999
Total downpayment with estimated closing fee: $85,979
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,640 | $31,680 |
| Gross rental income (income/principal ratio) | 0.660% | 7.922% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $500 | $6,000 |
| Vacancy | $132 | $1,584 |
| Management Fee | $212 | $2,535 |
| Expense / Income Ratio | 18.94% | 18.94% |
| Cash Flow | $1,797 | $21,564 |
| Net Operating Income (NOI) | $1,797 | $21,564 |
| Capitalization Rate | 0.45% | 5.39% |
