$354,900
55-59 Burnt Head Road
Beds
0
Baths
—
Sqft
—
Year
1989
Type
Other
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Carbonear. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Four - unit investment opportunity located at 55-59 Burnt Head Road in Carbonear. Offering panoramic ocean views and over 180' of ocean frontage, this building is located in a desirable residential area. The property has full town services and a 0.57-acre landscaped lot that may offer enough space for another residential or multi - unit dwelling. Each of the units offer electric heat, an eat-in kitchen, spacious living room, three-piece bathroom and one bedroom. Property has been consistently rented and demand for rentals in the Conception Bay North area is high. (id:65958)
- Subtype
- Other
- Structure
- Multi-Family
- Common interest
- Freehold
- Living area
- 2,304 square feet
- Lot dimensions
- 123'x236'x183'x105'
- Bedrooms
- 0 above grade, 0 below grade
- On market
- Feb 4, 2026
- Status changed
- Apr 22, 2026
- Annual tax
- $1,447 (2026)
- Zoning
- Res
- Photos
- 23
- MLS#
- 1294296
- Area
- CARBONEAR
Features and systems
Appliances
Heating
Exterior
Flooring
Foundation
Cash on cash
-7.42%
Cap rate
3.38%
GRM
16.7
Break-even rent
$2,237
Financing
Operating expenses (monthly)
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
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 22, 2026.