About this propertyMLS® 1304844
Cozy 2 bedroom bungalow is a great opportunity for first time home buyers, downsizers, or anyone looking for comfortable, easy living . Conveniently located close to schools, grocery stores , restaurants, and walking trails , this home offers a great balance of everyday convenience and outdoor enjoyment. Whether you're just staring out or looking to simplify, this property is full of potential and ready for its next owner to make it their own. (id:56688)
Property details
MLS®1304844
Listing ID30447234
Address2705 Topsail Road, Conception Bay South, Newfoundland & Labrador, Canada A1W4A2
StatusActive
Last updated3 days ago ( Oct 27, 2026 )
Year Built1968
Property TypeSingle Family
Architectural StyleBungalow
Structure TypeHouse
Ownership TypeFreehold
Number of stories1
Number of Levels1
Beds2
Baths1
1/2 Baths0
HeatingBaseboard heaters
SewerMunicipal sewage system
FlooringMixed Flooring
Living Area Total1,481 square feet
Price per sq ft: $162Tax Annual Amount$950
Tax Year2026
GarageNo
Attached GarageNo
CarportNo
Open ParkingNo
WaterfrontNo
PoolNo
AppliancesRefrigerator, Stove
Water SourceMunicipal water
RoofAsphalt shingle, Unknown
Foundation DetailsConcrete
HeatingBaseboard heaters
FlooringMixed Flooring
Exterior FeaturesVinyl siding
Common InterestFreehold
Number of photos available7
RurlCoordinates: [47.530276, -52.942635]
Rooms
| Main level | Bedroom Primary Bedroom Eat in kitchen Living room | 11.3x9.8 null 14x10 null 12.8x11.5 null 10.10x10.7 null |
Basic Calculator
First Mortgage: $191,200
Mortgage insurance premium: $0
Total Financing: $191,200
Rough closing fee (1.5%): ~ $3,585
Total downpayment with estimated closing fee: $51,385
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,630 | $19,560 |
| Gross rental income (income/principal ratio) | 0.682% | 8.184% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $299 | $3,588 |
| Vacancy | $82 | $978 |
| Management Fee | $131 | $1,565 |
| Expense / Income Ratio | 18.34% | 18.34% |
| Cash Flow | $1,120 | $13,440 |
| Net Operating Income (NOI) | $1,120 | $13,440 |
| Capitalization Rate | 0.47% | 5.62% |
Capitalization Rate: 5.62%
After-repair value (ARV) (This is a rule for purchasing and flipping distressed real estate for a profit, which states that the purchase price should be less than 70% of after-repair value (ARV) minus repair costs (rehab).): $341,429
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