For sale · MLS® 1304388
13 Green Ridge Place
Conception Bay South, NL, A1X6J7
List price
$300,000
About this propertyMLS® 1304388
Located in beautiful Conception Bay South, a community known for its own unique climate zone, this spacious two-apartment home offers tremendous potential for the right buyer. Featuring five bedrooms, three full bathrooms and one half bath, there is plenty of room for a growing family, extended family or those looking to generate additional income from the apartment. Situated on a private, mature lot at the end of a cul-de-sac, the property offers a peaceful setting with plenty of space to create your own backyard oasis. While the home would benefit from some updates and improvements, its generous size, versatile layout and private grounds present an excellent opportunity to add value and make it your own. With pricing that reflects the property’s current condition, this is a chance to invest in a home with plenty of space, flexibility and future potential in a desirable CBS location. No conveyance of offers until 4 pm October 26th, 2026 and all offers to be left open until 9 pm, October 26th 2026. Offers will be presented at 6 pm on October 26th, 2026. (id:56688)
Property details
Coordinates: [47.480909, -53.037672]
Rooms
| Basement | Storage Bath (# pieces 1-6) Not known Not known Not known | 20 x 20 null 8.1 x 12.5 null 10.10 x 11.4 null 11.3 x 14.11 null 11.6 x 13.10 null |
| Second level | Bedroom Bath (# pieces 1-6) Bedroom Bedroom Bath (# pieces 1-6) Primary Bedroom | 13.3 x 17.10 null 8 x 4 null 10.2 x 9.8 null 9.6 x 12.8 null 6.4 x 9.2 null 15.1 x 14 null |
| Main level | Porch Laundry room Bath (# pieces 1-6) Eat in kitchen Living room Family room Foyer | 4.5 x 7.7 null 8.9 x 7.4 null 8.6 x 7.4 null 17.10 x 12.9 null 23.4 x 13.8 null 17.8 x 21.1 null 8.5 x 11 null |
Basic Calculator
First Mortgage: $240,000
Mortgage insurance premium: $0
Total Financing: $240,000
Rough closing fee (1.5%): ~ $4,500
Total downpayment with estimated closing fee: $64,500
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,776 | $45,312 |
| Gross rental income (income/principal ratio) | 1.259% | 15.104% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $375 | $4,500 |
| Vacancy | $189 | $2,266 |
| Management Fee | $303 | $3,625 |
| Expense / Income Ratio | 9.93% | 9.93% |
| Cash Flow | $2,911 | $34,932 |
| Net Operating Income (NOI) | $2,911 | $34,932 |
| Capitalization Rate | 0.97% | 11.64% |
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