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Investment signal

$375,000

18 Morgans Road

Save this home

Beds

5

Baths

3 full + 1 half

Sqft

Year

1993

Type

Single Family

Suite

Suite potential

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Conception Bay South. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Welcome to Seal Cove, CBS—a quiet, family-friendly neighborhood with the kind of space and flexibility that’s getting harder to find. This 2-apartment home offers a bright and functional main unit with 4 bedrooms and 1.5 baths, perfect for a growing family or anyone needing extra room to spread out. Downstairs, the 1-bedroom, 1-bath apartment provides a great opportunity for rental income or extended family. Sitting on a large lot with ample parking and rear yard access, there’s no shortage of space here—whether it’s for vehicles, toys, or future plans. The 14x20 shed in the backyard adds even more storage or workshop potential. Access to Peacekeepers Way is close by giving you quick access across the region, including just 19 minutes to Costco. If you’ve been looking for a solid home in a safe, established area—with income potential and room to grow—this one is for you. As per Sellers Direction, there will be no conveyance of offers prior to 3;00pm on Thursday – April 30, 2026. (id:65958)

Subtype
Single Family
Structure
Two Apartment House
Common interest
Freehold
Living area
2,826 square feet
Lot dimensions
100x200
Bedrooms
3 above grade, 2 below grade
On market
Apr 24, 2026
Status changed
Apr 24, 2026
Annual tax
$2,794 (2026)
Zoning
RES
Photos
29
MLS#
1296191
Area
CONCEPTION_BAY_SOUTH

Features and systems

Parking

Detached Garage

Appliances

WasherRefrigeratorDishwasherStoveDryer

Heating

ElectricMini-Split

Cooling

Air exchanger

Exterior

Vinyl siding

Flooring

Mixed Flooring
Positive cash flow ~$894/mo at these assumptions

Cash on cash

14.31%

Cap rate

7.73%

GRM

9.5

Break-even rent

$2,359

Financing

Down payment$75,000
Loan amount$300,000
Mortgage$1,520/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$172
Insurance$80
Maintenance$313
CapEx reserve$156
Vacancy loss$165

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $1,520/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.

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