For sale · MLS® 1296954
39 Southern Path Road
Conception Harbour, NL, A0A1Z0
List price
$1,097,500
About this propertyMLS® 1296954
SILVER SPRINGS, CONCEPTION HARBOUR, NL — ATTENTION INVESTORS! Welcome to the iconic community of Silver Springs in Conception Harbour — an area rich in culture, history, and Newfoundland charm. Known for its breathtaking coastline, scenic ocean views, and strong ties to Newfoundland’s history, this beautiful coastal community continues to attract boaters, visitors, and residents alike. From the waters of Middle Arm and Kitchuses to Bacon Cove and Conception Harbour, the area offers a truly unique lifestyle surrounded by rugged natural beauty and peaceful surroundings. Now introducing an incredible investment opportunity at 39 Southern Path Road — Southerbre Estates. This impressive apartment complex features 3 well-maintained buildings consisting of 11 fully rented units — including 7 two-bedroom units and 4 one-bedroom units. Built in 2009 and 2015, the property includes two approximately 2,700 sq. ft. buildings and one approximately 3,000 sq. ft. building, all offering strong cash flow potential and pride of ownership throughout. The complex is in excellent condition with a total of 18 bedrooms and 11 bathrooms, and all units are fully self-contained and POU (Pay Own Utilities). Situated on approximately 4 acres, this private property also offers exciting future development and expansion potential. Current ownership continues to invest in the property through ongoing maintenance, landscaping, and improvements, further enhancing the long-term value of this unique opportunity. Whether you are looking to expand your portfolio or invest in a growing coastal community, this property offers exceptional potential in a truly stunning setting. Opportunity knocks — don’t miss your chance to own this incredible income-producing property. Call today for more information or to schedule your private viewing! (id:56688)
Specifications
Property details
Room by room
Rooms
The essentials
Location, air, flood & taxes
Elevation
31 m above sea level
Air quality now
AQHI 1.82 · Low risk
St. John's station · updated 2:00 a.m.
Property tax
$8,148 / year
≈ $679 / month · assessment year 2026
Nearby & drive routes
0 places shown · 3 routes · OpenStreetMap · OSRM
- 54 min to downtown St. John's60.7 km
- 55 min to Memorial University60 km
- 60 min to Avalon Mall66.7 km
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Estimated monthly payment
$679/mo
Principal & interest $0 + property tax $679 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-679
NOI / month
$-679
Cap rate
-0.74%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $679 | $8,148 |
| Expenses | $0 | $0 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-679 | $-8,148 |
| NOI | $-679 | $-8,148 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
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- Emailharis@barki.co
- Office17 Duffy Place, Suite 200, St. John's
Keller Williams Platinum Realty
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