7 Sweetenwater Crescent
Conception Bay South, NL, A1W4T2
5 Beds | 2 Baths
$379,900
About the property (MLS: 1291831):
Welcome to this well-maintained 2-apartment home in beautiful Conception Bay South! This property offers the perfect opportunity for savvy investors or those looking to offset their mortgage with rental income. The main unit features 3 spacious bedrooms, a bright and functional layout, and a cozy living space ideal for family living. The basement apartment, recently renovated, includes 2 bedrooms and a comfortable living area—perfect for tenants or extended family. Recent upgrades include a new roof (2024) and energy-efficient mini-splits (2024), offering peace of mind and year-round comfort. Both units are currently tenant-occupied, making this an excellent turnkey investment property. Located just minutes from schools, shopping, and all the amenities CBS has to offer, this property combines convenience, comfort, and great value. (id:56688)
Property Details
Listing ID: 29023813
Address: 7 Sweetenwater Crescent, Conception Bay South, Newfoundland & Labrador, Canada A1W4T2
Status: Active
Last updated: 17 days ago ( Oct 28, 2025 )
Year Built: 1997
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: Two Apartment House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 5
Baths: 2
1/2 Baths: 0
Heating: Electric, Mini-Split
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,848 square feet
Price per sq ft: $206
Tax Annual Amount: $2,042
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Heating: Electric, Mini-Split
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 30
Rurl
Coordinates: [47.518649, -52.938405]
Rooms
| Basement | Utility room Bath (# pieces 1-6) Bedroom Bedroom Living room Not known | 8.11 x 7.6 null 4 pcs 8.11 x 12.3 null 12.11 x 17.11 null 12.8 x 11.8 null 8.8 x 11.8 null |
| Main level | Utility room Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom Not known Living room Foyer | 6.9 x 5.2 null 4 pcs 9.5 x 10.1 null 10.4 x 11.3 null 13.0 x 11.6 null 12.1 x 12.4 null 12.0 x 15.4 null 6.9 x 4.10 null |
Basic Calculator
First Mortgage: $303,920
Mortgage insurance premium: $0
Total Financing: $303,920
Rough closing fee (1.5%): ~ $5,699
Total downpayment with estimated closing fee: $81,679
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,033 | $24,396 |
| Gross rental income (income/principal ratio) | 0.535% | 6.422% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $475 | $5,700 |
| Vacancy | $102 | $1,220 |
| Management Fee | $163 | $1,952 |
| Expense / Income Ratio | 23.36% | 23.36% |
| Cash Flow | $1,294 | $15,528 |
| Net Operating Income (NOI) | $1,294 | $15,528 |
| Capitalization Rate | 0.34% | 4.09% |
