Telephone Email1 Pennywell Road, St. John's, Newfoundland & Labrador, Canada A1C2K8

For sale · MLS® 1294623

1 Pennywell Road

St. John's, NL, A1C2K8

3,307 sqft

List price

$255,900

1 Pennywell Road St. John's Newfoundland & Labrador Canada A1C2K8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty

Presented by

Haris Barki

416-873-4676

haris@barki.co

REALTOR® · Keller Williams Platinum Realty

About this propertyMLS® 1294623

Welcome to 1 Pennywell Road! A listing which offers an investor the opportunity to embark on various business possibilities. This unique commercial listing is centrally Located in a prime area, with easy access to the downtown core and the rest of the city. It's perfectly situated to house almost any form of business venture. This great property presents an outstanding opportunity to own a versatile space that offers potential for both retail and warehouse spaces, or potential conversion into residential living for 3 sizable units (pending city approval), with separate entrances, and off street parking. Currently offering approximately 775 sqft of store frontage, 1103 sqft of office space, and over 1387 sqft of warehouse & storage space with off street parking and a designated loading zone, this versatile 4-level building is truly is a diamond in the rough, for any business looking to establish themselves as a focal point in the center of the city. The main entrance opens into a storefront set-up on the main floor, with a lunch room and bathroom. Upstairs you'll find ten foot ceilings, with four established offices and a large boardroom. Downstairs you'll find a mix between wide-open warehouse space, and storage/cold storage. This property is tailor made for any storefront with a requirement for office space with storage, or could be converted into multiple residential units. This property is vacant and available for a quick closing. (id:56688)

Property details

MLS®1294623

Listing ID29413393

Address1 Pennywell Road, St. John's, Newfoundland & Labrador, Canada A1C2K8

StatusActive

Last updated5 months ago ( Jun 10, 2026 )

Property TypeOffice

Structure TypeSpecial Purpose

HeatingBaseboard heaters, Electric

Living Area Total3,307 square feet

Price per sq ft: $78

Tax Annual Amount$6,356

HeatingBaseboard heaters, Electric

Common InterestFreehold

Business TypeAccommodation, Food Services and Beverage, Industrial, Other, Service

Number of photos available21

Rurl
Coordinates: [47.563535, -52.717076]

Rooms

Basic Calculator

Principal Amount ($):

Annual Interest Rate (%):

Loan Term (Years):

Down Payment ($):

Percent Down (%):

First Mortgage: $204,720

Mortgage insurance premium: $0

Total Financing: $204,720

Rough closing fee (1.5%): ~ $3,839

Total downpayment with estimated closing fee: $55,019

0000

Investment Calculator:

Monthly Income (Initially estimated at $1.1 per sqft):

Monthly Expense (includes taxes, insurance, utilities, maintenance etc, excluding mortgage payment) (initally estimated at 1.5% per year of principal):

Vacancy Rate (%):

Management Fee (%):

Total cost of initial renovation ($):

	Monthly	Yearly
Gross Revenue	$0	$0
Gross rental income (income/principal ratio)	0.000%	0.000%
Mortgage	$0	$0
Monthly Expenses	$320	$3,840
Vacancy	$0	$0
Management Fee	$0	$0
Expense / Income Ratio	Infinity%	Infinity%
Cash Flow	$-320	$-3,840
Net Operating Income (NOI)	$-320	$-3,840
Capitalization Rate	-0.13%	-1.50%

Capitalization Rate: -1.50%

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).): $365,572

Neighbourhood scores

Explore St. John's on Walk Score

Get in touch

Have a question?

Send a message and Haris will get back to you — usually the same day.

Full Name *

Email *

Message *