For sale · MLS® 1232267
367 Memorial Drive
Clarenville, NL, A5A1R9
List price
$154,000
About this propertyMLS® 1232267
REDUCED, REDUCED Investors take note, price is dropped once again! Commercial building in great shape and offers many opportunities! The owner has closed his business so that empty space of approx. 1400 sq ft., can be used by purchaser, or re-rented ! There is still approx. half of vacant space upstairs, which can accommodate 2 or 3 other small businesses. The upstairs client has been there for approx 25 years, and wishes to remain. On the main level there is also approx. 800 sq feet of space which just became vacant as well, therefore one can occupy the whole main level, or divide into sections. If HST is applicable, then it is purchasers responsibility Owner has done some upgrades since acquiring the building, so a Purchaser could either purchase building simply as an investment, or set up your own business ! Great price for a stand alone building in a great location . (id:56688)
Specifications
Property details
Room by room
Rooms
The neighbourhood
Clarenville at a glance
Live market stats for Clarenville — what's for sale, what it costs, and how it compares to nearby towns.
Homes for sale here
58
Median list price
$246k
Price range
$29k – $1000k
Typical build
1991
Average size
2,266 sqft
Where Clarenville listings are priced
Every active list price in Clarenville, grouped into bands.
List price, thousands of $ · 53 homes
View as table
| Price band ($) | Listings |
|---|---|
| <200 | 22 |
| 200–300 | 10 |
| 300–400 | 11 |
| 400–500 | 5 |
| 500–750 | 1 |
| 750–1M | 4 |
How Clarenville compares
Median list price against the next biggest markets — click a row for that area guide.
The essentials
Location, air, flood & taxes
Elevation
12 m above sea level
Air quality now
AQHI 1.82 · Low risk
St. John's station · updated 2:00 a.m.
Property tax
$2,000 / year
≈ $167 / month
Nearby & drive routes
15 places shown · OpenStreetMap · OSRM
Schools 2
Groceries 6
Cafés 2
Parks 5
Plan ahead
Calculators & neighbourhood
Estimate payments and returns, and check how walkable this address is — all in one place.
Plan ahead
Mortgage & investment calculator
Estimated monthly payment
$167/mo
Principal & interest $0 + property tax $167 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-192
NOI / month
$-192
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $167 | $2,000 |
| Expenses | $26 | $312 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-192 | $-2,304 |
| NOI | $-192 | $-2,304 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
Get in touch
Have a question?
Send a message and Haris will get back to you — usually the same day.
Talk to Haris
A real person, every time
Buying, selling, or just curious about what your home is worth — no call centres, no runaround.
- Call or text416-873-4676
- Emailharis@barki.co
- Office17 Duffy Place, Suite 200, St. John's
Keller Williams Platinum Realty
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