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TelephoneEmail26 Water Street, St. John's, Newfoundland & Labrador, Canada A1C0A7

26 Water Street

St. John's, NL, A1C0A7

location

$1,499,900

26 Water Street St. John's Newfoundland & Labrador Canada A1C0A7, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
26 Water Street St. John's Newfoundland & Labrador Canada A1C0A7, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
26 Water Street St. John's Newfoundland & Labrador Canada A1C0A7, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
26 Water Street St. John's Newfoundland & Labrador Canada A1C0A7, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
26 Water Street St. John's Newfoundland & Labrador Canada A1C0A7, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
26 Water Street St. John's Newfoundland & Labrador Canada A1C0A7, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
26 Water Street St. John's Newfoundland & Labrador Canada A1C0A7, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
26 Water Street St. John's Newfoundland & Labrador Canada A1C0A7, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
26 Water Street St. John's Newfoundland & Labrador Canada A1C0A7, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
26 Water Street St. John's Newfoundland & Labrador Canada A1C0A7, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
26 Water Street St. John's Newfoundland & Labrador Canada A1C0A7, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
26 Water Street St. John's Newfoundland & Labrador Canada A1C0A7, for Sale, residential, Haris Barki, Keller Williams Platinum Realty

Presented By

Haris Barki
Haris Barki
REALTOR ®
Keller Williams Platinum Realty
About the property (MLS: 1257687):

One of a kind opportunity to own an 11,000+ sq ft building. Currently being used as a fabrication shop, specializing in ship repair. A rare opportunity to own a smartly located property on historic Water Street. This 20,000 sq ft site could make an excellent location for your current business. With easy access to the downtown and main arterials. The view of the narrows is breathtaking from 26 Water Street! If interested, the opportunity exists to acquire all equipment on-site. Also can be considered as a great redevelopment opportunity. Adjacent land at 28 Water Street is also available form a different vendor. ( see MLS Listing 1253752) (id:56688)

Property Details
MLS: 1257687
Listing ID: 25548563
Address: 26 Water Street, St. John's, Newfoundland & Labrador, Canada A1C0A7
Status: Active
Last updated: 6 months ago ( May 15, 2024 )
Property Type: Retail
Structure Type: Commercial Mix
Ownership Type: Freehold
Heating: Other
Flooring: Other, Concrete Slab
Living Area Total: 11,000 square feet
Price per sq ft: $137
Tax Annual Amount: $17,952
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Other
Flooring: Other, Concrete Slab
Common Interest: Freehold
Business Type: Industrial, Other
Number of photos available: 12
Rurl
Coordinates: [47.569902, -52.700017]

Rooms

Basic Calculator



First Mortgage: $1,199,920

Mortgage insurance premium: $0

Total Financing: $1,199,920

Rough closing fee (1.5%): ~ $22,499

Total downpayment with estimated closing fee: $322,479

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Investment Calculator:

MonthlyYearly
Gross Revenue$12,101$145,212
Gross rental income (income/principal ratio)0.807%9.681%
Mortgage$0$0
Monthly Expenses$1,875$22,500
Vacancy$606$7,261
Management Fee$969$11,617
Expense / Income Ratio15.49%15.49%
Cash Flow$8,653$103,836
Net Operating Income (NOI)$8,653$103,836
Capitalization Rate0.58%6.92%
Capitalization Rate: 6.92%
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).): $2,142,715