For sale · MLS® 1302998
40 Thomston Avenue
Conception Bay South, NL, A1B3P8
List price
$839,000
About this propertyMLS® 1302998
Welcome to Ocean Glen Estates, a new subdivision conveniently located off Fowlers Road in Conception Bay South. This stunning new executive home is proudly constructed by multi-award-winning builder, Edwards Development, offering quality craftsmanship, thoughtful design, and modern finishes throughout. Designed with both style and functionality in mind, this home features a spacious 9-foot ceiling main floor with an inviting open-concept layout. The living room is centered around an elegant propane fireplace, creating a warm and welcoming space for family and entertaining. The spacious dining area flows seamlessly into the dream kitchen, complete with a large island and convenient walk-through pantry. Also on the main floor is a half bath and a versatile playroom/office, providing the flexibility today's families need for work, study, or additional living space. Upstairs, you'll find three spacious bedrooms designed with comfort and relaxation in mind. The luxurious primary suite offers a private retreat, while one of the additional bedrooms features a walk-in closet. The upper level also includes a well-appointed 3-piece bathroom and a convenient separate laundry room. Energy efficiency and year-round comfort are built into the design, with a 2-head mini-split heat pump, R-50 attic insulation, and energy-efficient windows to help maintain a comfortable home while keeping energy costs low. Need more space? The optional lower level can be developed for an additional cost and can include a large recreation room, full bathroom, and fourth bedroom, providing plenty of room for a growing family, guests, or entertaining. This exceptional home includes a full one-year builder warranty as well as a 10-year Atlantic Home Warranty, providing added peace of mind. HST is included in the list price and is to be rebated to the vendor on closing. A fantastic opportunity to own a brand-new executive home in one of Conception Bay South's exciting new communities! (id:56688)
Property details
Coordinates: [47.517284, -52.920281]
Rooms
| Second level | Bedroom Bedroom Bath (# pieces 1-6) Laundry room Bath (# pieces 1-6) Primary Bedroom | 12.4x13.5 null 12.4x12.5 null 9.0x6.0 null 8.7x6.5 null 12.0x8.9 null 17.0x12.5 null |
| Main level | Office Bath (# pieces 1-6) Not known Kitchen Dining room Living room | 9.6x9.0 null 3.0x7.2 null 6.9x7.2 null 10.8x15.10 null 10.0x8.0 null 18.0x15.10 null |
Basic Calculator
First Mortgage: $671,200
Mortgage insurance premium: $0
Total Financing: $671,200
Rough closing fee (1.5%): ~ $12,585
Total downpayment with estimated closing fee: $180,385
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,725 | $44,700 |
| Gross rental income (income/principal ratio) | 0.444% | 5.328% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $1,049 | $12,588 |
| Vacancy | $187 | $2,235 |
| Management Fee | $298 | $3,576 |
| Expense / Income Ratio | 28.16% | 28.16% |
| Cash Flow | $2,192 | $26,304 |
| Net Operating Income (NOI) | $2,192 | $26,304 |
| Capitalization Rate | 0.26% | 3.14% |
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