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TelephoneEmail868 Topsail Road, Mount Pearl, Newfoundland & Labrador, Canada A1N3J9

868 Topsail Road

Mount Pearl, NL, A1N3J9

location

$399,900

868 Topsail Road Mount Pearl Newfoundland & Labrador Canada A1N3J9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
868 Topsail Road Mount Pearl Newfoundland & Labrador Canada A1N3J9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty

Presented By

Haris Barki
Haris Barki
REALTOR ®
Keller Williams Platinum Realty
About the property (MLS: 1268857):

This commercial zoned lot features approx. 26,742 sq ft with 138 ft of frontage along Topsail and Blackmarsh Road. This prime location has high traffic which would support a wide variety of commercial development with endless opportunities for several business entities – apartment building, retail, daycare or your own next business venture – this can be confirmed within the commercial zoning options at The City of Mount Pearl. Vendor would be pleased to offer a turnkey land and building package, pending your design options, or to just sell the commercial lot. Surveys will be provided once finalized. Purchaser is responsible for all fees and permits to the city and any applicable HST. (id:56688)

Property Details
MLS: 1268857
Listing ID: 26649580
Address: 868 Topsail Road, Mount Pearl, Newfoundland & Labrador, Canada A1N3J9
Status: Active
Last updated: 15 days ago ( Aug 28, 2024 )
Property Type: Vacant Land
Ownership Type: Freehold
Sewer: Municipal sewage system
Price per sq ft: $
Tax Annual Amount: $0
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Common Interest: Freehold
Number of photos available: 2
Rurl
Coordinates: [47.525373, -52.792237]

Rooms

Basic Calculator



First Mortgage: $319,920

Mortgage insurance premium: $0

Total Financing: $319,920

Rough closing fee (1.5%): ~ $5,999

Total downpayment with estimated closing fee: $85,979

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Investment Calculator:

MonthlyYearly
Gross Revenue$0$0
Gross rental income (income/principal ratio)0.000%0.000%
Mortgage$0$0
Monthly Expenses$500$6,000
Vacancy$0$0
Management Fee$0$0
Expense / Income RatioInfinity%Infinity%
Cash Flow$-500$-6,000
Net Operating Income (NOI)$-500$-6,000
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).): $571,286