For sale · MLS® 1299114
24 Rachel Drive
Conception Bay South, NL, A1W0A1
List price
$549,900
About this propertyMLS® 1299114
Nestled in the heart Conception Bay South's most desirable and fastest-growing communities, Manuels is this newly built home, that offers the perfect balance of nature, convenience, and family living. Enjoy easy access to scenic walking trails, Manuels River, schools, recreation facilities, shopping, restaurants, marinas, and all major amenities. Just minutes from Manuels Bypass Highway/PeacekeepersWay & Foxtrap Access Road. Built by New Victorian Homes, The Cupids , this thoughtfully designed two-story home features an open-concept main floor with a spacious living area, large kitchen island, and walk-in pantry. Upstairs includes a generous primary suite with walk-in closet and ensuite, plus two additional bedrooms and a full bathroom. The attached 13.8' x 26.10' garage provides excellent storage and workspace, while the unfinished insulated basement, with future bathroom rough-in, offers room to grow. Purchase before July 31, 2026, and personalize your home with your choice of siding, flooring, cabinetry, paint colors, and lighting fixtures. The turnkey package includes landscaping, patio deck, paved driveway, Atlantic Home Warranty, one year builder warranty, and all permits, fees, and HST. Move-in ready for Christmas 2026. Photos are AI-generated renderings and may not be exactly as shown. (id:56688)
Property details
Coordinates: [47.51539, -52.960596]
Rooms
| Basement | Other Other | 13.0x7.10 null 5.6x6.6 null |
| Second level | Bath (# pieces 1-6) Bedroom Bedroom Ensuite Primary Bedroom | 5.7x8.6 null 9.4x11.6 null 9.4x11.6 null 5.9x6.8 null 14x11.8 null |
| Main level | Not known Bath (# pieces 1-6) Kitchen Dining room Family room | 5.4x8.4 null 5.5x6.6 null 12.4x12 null 9.4x12 null 14x14.9 null |
Basic Calculator
First Mortgage: $439,920
Mortgage insurance premium: $0
Total Financing: $439,920
Rough closing fee (1.5%): ~ $8,249
Total downpayment with estimated closing fee: $118,229
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,169 | $26,028 |
| Gross rental income (income/principal ratio) | 0.394% | 4.733% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $688 | $8,256 |
| Vacancy | $109 | $1,302 |
| Management Fee | $174 | $2,083 |
| Expense / Income Ratio | 31.72% | 31.72% |
| Cash Flow | $1,200 | $14,400 |
| Net Operating Income (NOI) | $1,200 | $14,400 |
| Capitalization Rate | 0.22% | 2.62% |
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