23 Foxtrap Access Road
Conception Bay South, NL, A1X7N6
9 Beds | 3 Baths
$300,000
About the property (MLS: 1292886):
Fantastic Business Opportunity in beautiful and highly sought-after Conception Bay South, admired for its sunny weather, breathtaking coastal scenery and Just 15 minutes from St. John’s. Moments to both the TCH and Peacekeepers Highway, this property offers exceptional convenience and accessibility. This spacious 2-apartment home features 9 bedrooms in total and previously operated as a government-regulated community care home. Purpose-designed for this use, the property is outfitted with a full sprinkler system, fire alarm, and strobe lighting for the hearing impaired. Zoned R2, massive advantage for anyone looking to re-establish a community care facility or operate as a traditional income-producing two-apartment home, the potential here is tremendous. A 22' x 30' detached garage adds valuable storage and functionality. The home is being sold as is, with some belongings remaining, but with a solid cleaning and some cosmetic updates, this property can truly shine. This is a property you simply must see in person to appreciate its size, layout, and its amazing potential. As per the seller’s directions, no offers are to be presented before 6:00 PM on November 28th. Please ensure that any submitted offer remains open for acceptance until at least 9:00 PM on that day. If applicable, HST is to be paid by the purchaser. (id:56688)
Property Details
Listing ID: 29135992
Address: 23 Foxtrap Access Road, Conception Bay South, Newfoundland & Labrador, Canada A1X7N6
Status: Active
Last updated: 10 days ago ( Jan 15, 2026 )
Year Built: 1970
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: Two Apartment House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 9
Baths: 3
1/2 Baths: 0
Heating: Oil
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 3,100 square feet
Price per sq ft: $97
Tax Annual Amount: $3,400
Garage? Yes
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Alarm System
Water Source: Municipal water
Foundation Details: Concrete
Heating: Oil
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 18
Rurl
Coordinates: [47.505517, -52.996586]
Rooms
| Basement | Kitchen Kitchen Bedroom Bedroom Bedroom Bath (# pieces 1-6) Kitchen Living room | 8x16 null 15x20 null 10x13.6 null 8.6x13 null 8.6x13 null 6x7 null 11x13 null 14x15 null |
| Main level | Bath (# pieces 1-6) Bath (# pieces 1-6) Bedroom Bedroom Bedroom Bedroom Bedroom Bedroom Living room | 7x12 null 8x12 null 7x12 null 9.6x12 null 14x14 null 8x13 null 11x13 null 14x16 null 12x19 null |
Basic Calculator
First Mortgage: $240,000
Mortgage insurance premium: $0
Total Financing: $240,000
Rough closing fee (1.5%): ~ $4,500
Total downpayment with estimated closing fee: $64,500
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,411 | $40,932 |
| Gross rental income (income/principal ratio) | 1.137% | 13.644% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $375 | $4,500 |
| Vacancy | $171 | $2,047 |
| Management Fee | $273 | $3,275 |
| Expense / Income Ratio | 10.99% | 10.99% |
| Cash Flow | $2,593 | $31,116 |
| Net Operating Income (NOI) | $2,593 | $31,116 |
| Capitalization Rate | 0.86% | 10.37% |
