For sale · MLS® 1302845
18 Mercers Road
Conception Bay South, NL, A1W4M5
List price
$639,900
About this propertyMLS® 1302845
Welcome to this exceptional two-storey, two-apartment home nestled in one of Conception Bay South's most sought-after neighbourhoods. Situated on a beautifully landscaped 0.29-acre mature lot, this property offers the perfect combination of luxury, functionality, and income potential. The main home features a bright, open-concept design with a spacious kitchen complete with stylish backsplash, under-cabinet lighting, and ample cabinetry, flowing seamlessly into the dining and living areas. The inviting living room is highlighted by a cozy propane fireplace, creating the perfect space for entertaining or relaxing with family. Upstairs you'll find three generously sized bedrooms, including a stunning primary suite featuring a walk-in closet and a spa-inspired ensuite with a double vanity, corner Jacuzzi tub, and custom tiled shower. An additional full bathroom and convenient main floor half bath provide plenty of space for the entire family. The fully self-contained one-bedroom basement apartment offers an excellent mortgage helper, currently generating $1,000 per month POU. Outside, enjoy summer evenings on the large rear deck complete with a covered hot tub pergola, providing the perfect setting for year-round relaxation. Additional features include an energy-efficient central heat pump system, an attached double garage, storage shed, and a mature lot offering both privacy and curb appeal. Whether you're looking for a spacious family home with premium finishes or a property with built-in rental income, this outstanding Conception Bay South home is one you won't want to miss. (id:56688)
Property details
Coordinates: [47.528058, -52.946413]
Rooms
| Basement | Bath (# pieces 1-6) Not known Not known Not known Not known | 3pcs 11.0 x 13.2 null 10.0 x 9.2 null 13.7 x 12.11 null 10.11 x 11.7 null |
| Second level | Bath (# pieces 1-6) Bedroom Bedroom Bath (# pieces 1-6) Primary Bedroom | 8.8 x 8.0 null 9.10 x 11.0 null 9.10 x 11.2 null 13.4 x 14.8 null 15.0 x 14.0 null |
| Main level | Family room Kitchen | 18.2 x 13.0 null 9.10 x 16.6 null |
Basic Calculator
First Mortgage: $511,920
Mortgage insurance premium: $0
Total Financing: $511,920
Rough closing fee (1.5%): ~ $9,599
Total downpayment with estimated closing fee: $137,579
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,660 | $31,920 |
| Gross rental income (income/principal ratio) | 0.416% | 4.988% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $800 | $9,600 |
| Vacancy | $133 | $1,596 |
| Management Fee | $213 | $2,554 |
| Expense / Income Ratio | 30.08% | 30.08% |
| Cash Flow | $1,515 | $18,180 |
| Net Operating Income (NOI) | $1,515 | $18,180 |
| Capitalization Rate | 0.24% | 2.84% |
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