For sale · MLS® 1257564
34 Broadway
Corner Brook, NL, A2H4C4
List price
$229,000
About this propertyMLS® 1257564
A piece of Corner Brook history. The Palace was est. back in 1936 and has hosted some of the cities most iconic events throughout the decades. Now it's time for the building to find another purpose. With over 5000 sq ft of open space this large 96 x 48 building can have multiple uses. Centrally located in the heart of downtown, the exposure is second to none. The building has had some major renovations over the recent years, from electrical and heating, to fire and security system and even some exterior work. Inside the large open room spans the entire length of the building and with some creativity can be used for a variety of new uses. Above the front part of the building there is a finished space that is great for lease or even small offices. (id:56688)
Specifications
Property details
Room by room
Rooms
The essentials
Location, air, flood & taxes
Elevation
28 m above sea level
Air quality now
AQHI 1 · Low risk
Corner Brook station · updated 2:00 a.m.
Property tax
$2,900 / year
≈ $242 / month · assessment year 2023
Climate
Feb -3° · Jul 22°
normal daily high · CORNER BROOK station · 1991–2020
Nearby & drive routes
13 places shown · OpenStreetMap · OSRM
Schools 3
Groceries 3
Cafés 5
Parks 2
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
$242/mo
Principal & interest $0 + property tax $242 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-286
NOI / month
$-286
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $242 | $2,900 |
| Expenses | $45 | $540 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-286 | $-3,432 |
| NOI | $-286 | $-3,432 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
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- Office17 Duffy Place, Suite 200, St. John's
Keller Williams Platinum Realty
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