For sale · MLS® 1304119
2141 Topsail Road
Conception Bay South, NL, A1W5R5
List price
$374,900
About this propertyMLS® 1304119
Looking for space, location, and a head start on updates? This 4-bedroom, 2-bathroom home sits on a full 1-acre lot just minutes from Topsail Beach. The current owners have already taken care of the most costly structural improvements: a new roof and chimney completed in 2024, followed by new windows, updated electrical, fresh paint, and ductless mini-splits added in 2025. With the big-ticket items tackled, you can move in and focus on adding your own personal touches to the remaining spaces. Outside, the property features a huge double detached garage along with a large shed complete with loft space—ideal for vehicle parking, extra storage, a workshop, or gear for outdoor recreation. A fantastic opportunity to own an acre near the ocean with peace of mind on key systems! (id:56688)
Property details
Coordinates: [47.531901, -52.91002]
Rooms
| Basement | Storage Kitchen Recreation room | 11 x 8 null 16 x 11 null 24 x 10.5 null |
| Lower level | Bath (# pieces 1-6) Porch Bedroom Laundry room | 4 pcs 9.33 x 9 null 14 x 10.75 null 16.5 x 9.33 null |
| Second level | Bedroom Bedroom Primary Bedroom Bath (# pieces 1-6) | 11 x 9.5 null 14.25 x 9 null 11 x 10.33 null 4 pcs |
| Main level | Living room/Fireplace Dining room Kitchen | 17.5 x 14.5 null 10 x 9 null 14.5 x 10 null |
Basic Calculator
First Mortgage: $299,920
Mortgage insurance premium: $0
Total Financing: $299,920
Rough closing fee (1.5%): ~ $5,624
Total downpayment with estimated closing fee: $80,604
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,656 | $31,872 |
| Gross rental income (income/principal ratio) | 0.708% | 8.501% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $469 | $5,628 |
| Vacancy | $133 | $1,594 |
| Management Fee | $213 | $2,550 |
| Expense / Income Ratio | 17.66% | 17.66% |
| Cash Flow | $1,842 | $22,104 |
| Net Operating Income (NOI) | $1,842 | $22,104 |
| Capitalization Rate | 0.49% | 5.90% |
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