48 Franks Road
Conception Bay South, NL, A1X6W8
5 Beds | 2 Baths
$399,900
About the property (MLS: 1294334):
Welcome to 48 Franks Road — where convenience, quality upgrades, and income potential come together. This fully registered two-apartment home has been extensively renovated, with all major upgrades completed within the last 6 months, and is ideally located just minutes from shopping, restaurants, walking trails, the CBS Arena, and quick access to Peacekeepers Way. The main home has been thoughtfully redesigned with modern finishes throughout. Recent improvements provide true peace of mind and include a new roof, all new electrical, upgraded PEX plumbing, blown in attic insulation, new HRV system, new kitchen, new flooring, updated trim and finishes, and a newly paved driveway with rear yard access to a mature backyard. The bright living room also offers a view of Conception Bay. The self-contained apartment is well laid out and offers excellent income potential, with market rent estimated at $1,300 POU. A great opportunity for owner-occupiers looking to offset their mortgage or investors seeking a turn-key property. Move-in ready, centrally located, and packed with recent upgrades, this property delivers lifestyle, flexibility, and long-term value. he Sellers hereby direct the listing Brokerage there will be NO CONVEYANCE OF ANY WRITTEN SIGNED OFFERS prior to 2PM on Thursday, February 12, 2026 and all offers are to remain open for acceptance until 7PM, Thursday, February 12, 2026. (id:56688)
Property Details
Listing ID: 29332726
Address: 48 Franks Road, Conception Bay South, Newfoundland & Labrador, Canada A1X6W8
Status: Active
Last updated: 15 hours ago ( Feb 9, 2026 )
Year Built: 2025
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Carpeted, Other, Mixed Flooring
Living Area Total: 2,012 square feet
Price per sq ft: $199
Tax Annual Amount: $2,843
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: See remarks
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Carpeted, Other, Mixed Flooring
Exterior Features: Wood shingles, Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 41
Rurl
Coordinates: [47.487835, -53.020404]
Rooms
| Basement | Not known Not known Not known Not known Laundry room | 8.9 x 7 null 10.4 x 9.4 null 15.4 x 12.10 null 18 x 12.6 null 13.9 x 9.8 null |
| Main level | Bedroom Bedroom Primary Bedroom Kitchen Living room/Dining room | 9.11 x 8.10 null 9.9 x 8.6 null 12 x 10.3 null 12.1 x 9.10 null 25.1 x 13.9 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 | $2,214 | $26,568 |
| Gross rental income (income/principal ratio) | 0.554% | 6.644% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $500 | $6,000 |
| Vacancy | $111 | $1,329 |
| Management Fee | $178 | $2,126 |
| Expense / Income Ratio | 22.58% | 22.58% |
| Cash Flow | $1,427 | $17,124 |
| Net Operating Income (NOI) | $1,427 | $17,124 |
| Capitalization Rate | 0.36% | 4.28% |
