$299,900
MLS #1247421
1 Chvo Drive
Carbonear
6,440 sqft
- Property Type
- Multi-family
- Listing Agent
- Paul Drover
- Brokerage
- Royal LePage Atlantic Homestead
1 / 21Property Details
Welcome to 6 Church Road, Carbonear, the former Davis Elementary. Solid concrete and steel construction offer exceptional base for transformation. The property requires a full interior renovation-priced and positioned accordingly. Outstanding potential for multi-unit residential, long-term care, or institutional use(subject to approvals). Strong and growing demand for rental housing in the area further enhances the upside potential. This is a rare opportunity to acquire a building of this scale with significant value-add potential in a central location. (id:66441)
Cost To Own
Down payment and monthly ownership estimate
Start with the listing price, then adjust the financing and monthly carrying costs for a practical estimate.
Purchase Price$399,000
Down Payment - 5%$19,950
Interest Rate5.25%
Amortization
Estimated Monthly Cost
$3,054
- Mortgage Payment
- $2,271
- Property Tax
- $283
- Insurance
- $150
- Utilities
- $350
- Down Payment
- $19,950
- Loan Amount
- $379,050
- Total Interest
- $302,385
Estimate only. Final payments depend on lender approval, taxes, insurance, closing costs, and mortgage insurance when applicable.
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