1186-1190 Topsail Road
Mt. Pearl, NL, A1N5E8
$950,000
About the property (MLS: 1269108):
1.28 acres of prime commercial land on Topsail rd, Mt. Pearl. Suitable for many ventures and leans especially towards high traffic businesses such as Drive-through restaurants, Convenience stores and gas stations. Ideally situated on corner of Topsail Rd and Topsail Rd. (id:56688)
Property Details
MLS: 1269108
Listing ID: 26685823
Address: 1186-1190 Topsail Road, Mt. Pearl, Newfoundland & Labrador, Canada A1N5E8
Status: Active
Last updated: 2 years ago ( May 15, 2024 )
Property Type: Retail
Structure Type: Commercial Mix
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Heating: Electric
Living Area Total: 1,300 square feet
Price per sq ft: $731
Tax Annual Amount: $495,100
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Electric
Common Interest: Freehold
Business Type: Other
Number of photos available: 3
Rurl
Coordinates: [47.52858, -52.824945]
Listing ID: 26685823
Address: 1186-1190 Topsail Road, Mt. Pearl, Newfoundland & Labrador, Canada A1N5E8
Status: Active
Last updated: 2 years ago ( May 15, 2024 )
Property Type: Retail
Structure Type: Commercial Mix
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Heating: Electric
Living Area Total: 1,300 square feet
Price per sq ft: $731
Tax Annual Amount: $495,100
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Electric
Common Interest: Freehold
Business Type: Other
Number of photos available: 3
Rurl
Coordinates: [47.52858, -52.824945]
Rooms
Basic Calculator
First Mortgage: $760,000
Mortgage insurance premium: $0
Total Financing: $760,000
Rough closing fee (1.5%): ~ $14,250
Total downpayment with estimated closing fee: $204,250
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,431 | $17,172 |
| Gross rental income (income/principal ratio) | 0.151% | 1.808% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $1,188 | $14,256 |
| Vacancy | $72 | $859 |
| Management Fee | $115 | $1,374 |
| Expense / Income Ratio | 83.02% | 83.02% |
| Cash Flow | $57 | $684 |
| Net Operating Income (NOI) | $57 | $684 |
| Capitalization Rate | 0.01% | 0.07% |
Capitalization Rate: 0.07%
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).): $1,357,143
