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TelephoneEmail2 Lemarchant Road, St. John's, Newfoundland & Labrador, Canada A1C2G5

2 Lemarchant Road

St. John's, NL, A1C2G5

location

$339,900

2 Lemarchant Road St. John's Newfoundland & Labrador Canada A1C2G5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
2 Lemarchant Road St. John's Newfoundland & Labrador Canada A1C2G5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
2 Lemarchant Road St. John's Newfoundland & Labrador Canada A1C2G5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
2 Lemarchant Road St. John's Newfoundland & Labrador Canada A1C2G5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
2 Lemarchant Road St. John's Newfoundland & Labrador Canada A1C2G5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
2 Lemarchant Road St. John's Newfoundland & Labrador Canada A1C2G5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
2 Lemarchant Road St. John's Newfoundland & Labrador Canada A1C2G5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
2 Lemarchant Road St. John's Newfoundland & Labrador Canada A1C2G5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
2 Lemarchant Road St. John's Newfoundland & Labrador Canada A1C2G5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
2 Lemarchant Road St. John's Newfoundland & Labrador Canada A1C2G5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
2 Lemarchant Road St. John's Newfoundland & Labrador Canada A1C2G5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
2 Lemarchant Road St. John's Newfoundland & Labrador Canada A1C2G5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
2 Lemarchant Road St. John's Newfoundland & Labrador Canada A1C2G5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
2 Lemarchant Road St. John's Newfoundland & Labrador Canada A1C2G5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
2 Lemarchant Road St. John's Newfoundland & Labrador Canada A1C2G5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
2 Lemarchant Road St. John's Newfoundland & Labrador Canada A1C2G5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
2 Lemarchant Road St. John's Newfoundland & Labrador Canada A1C2G5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
2 Lemarchant Road St. John's Newfoundland & Labrador Canada A1C2G5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
2 Lemarchant Road St. John's Newfoundland & Labrador Canada A1C2G5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
2 Lemarchant Road St. John's Newfoundland & Labrador Canada A1C2G5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
2 Lemarchant Road St. John's Newfoundland & Labrador Canada A1C2G5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
2 Lemarchant Road St. John's Newfoundland & Labrador Canada A1C2G5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
2 Lemarchant Road St. John's Newfoundland & Labrador Canada A1C2G5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
2 Lemarchant Road St. John's Newfoundland & Labrador Canada A1C2G5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
2 Lemarchant Road St. John's Newfoundland & Labrador Canada A1C2G5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
2 Lemarchant Road St. John's Newfoundland & Labrador Canada A1C2G5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
2 Lemarchant Road St. John's Newfoundland & Labrador Canada A1C2G5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
2 Lemarchant Road St. John's Newfoundland & Labrador Canada A1C2G5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
2 Lemarchant Road St. John's Newfoundland & Labrador Canada A1C2G5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
2 Lemarchant Road St. John's Newfoundland & Labrador Canada A1C2G5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty

Presented By

Haris Barki
Haris Barki
REALTOR ®
Keller Williams Platinum Realty
About the property (MLS: 1262763):

Welcome to this impressive and versatile 3-story building located in the centrally located and prime area on the corner of Lemarchant and Freshwater road. This exceptional property offers a unique opportunity for those seeking a combination of commercial and residential spaces. As you step into the main level, you'll be greeted by the business space that boasts ample square footage and excellent visibility to attract a steady stream of customers. The layout and available storage provides endless possibilities for various types of businesses, whether it be a retail store, boutique, office space, or even a restaurant with minor modifications. The current business is well established and has been a reliable long term tenant! Ascending to the upper floor, you'll discover a spacious apartment that provides a peaceful oasis away from the bustling commercial activity below. This residence features 4-6 bedrooms, 1.5 bathrooms, a large kitchen, and a comfortable living area. Large windows flood the space with natural light and a view of Downtown St. John's creating a warm and inviting ambiance throughout. One of the highlights of this property is its central location, which ensures easy accessibility and maximum exposure for your business. Situated in the heart St. John's, you'll find yourself surrounded by a plethora of amenities, including popular restaurants, cafes, shops, and entertainment venues. Whether you're an entrepreneur looking to establish your business in a prime location while enjoying the convenience of living on-site, an investor seeking an income-generating property, or someone interested in converting the space to suit their unique needs, this centrally located 3-story building offers endless possibilities. Don't miss out on this incredible opportunity to own a property that combines commercial potential with comfortable living arrangements. Envision the possibilities that await in this centrally located gem! (id:56688)

Property Details
MLS: 1262763
Listing ID: 25990173
Address: 2 Lemarchant Road, St. John's, Newfoundland & Labrador, Canada A1C2G5
Status: Active
Last updated: 4 months ago ( May 15, 2024 )
Property Type: Other
Structure Type: Other
Ownership Type: Freehold
Heating: Baseboard heaters, Electric
Flooring: Laminate, Other, Mixed Flooring
Living Area Total: 3,744 square feet
Price per sq ft: $91
Tax Annual Amount: $4,421
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Baseboard heaters, Electric
Flooring: Laminate, Other, Mixed Flooring
Common Interest: Freehold
Business Type: Other
Building Features: Air Conditioning
Number of photos available: 30
Rurl
Coordinates: [47.564075, -52.715033]

Rooms

Basic Calculator



First Mortgage: $271,920

Mortgage insurance premium: $0

Total Financing: $271,920

Rough closing fee (1.5%): ~ $5,099

Total downpayment with estimated closing fee: $73,079

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Investment Calculator:

MonthlyYearly
Gross Revenue$4,119$49,428
Gross rental income (income/principal ratio)1.212%14.542%
Mortgage$0$0
Monthly Expenses$425$5,100
Vacancy$206$2,472
Management Fee$330$3,955
Expense / Income Ratio10.32%10.32%
Cash Flow$3,159$37,908
Net Operating Income (NOI)$3,159$37,908
Capitalization Rate0.93%11.15%
Capitalization Rate: 11.15%
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).): $485,572