256 Water Street
St. John's, NL, A1C1B7
$499,900
About the property (MLS: 1271346):
UNIQUE OPPORTUNITY!! Beautiful. well-maintained, commercial property, ideally located in an incredible high traffic location in the downtown core! Currently configured as retail store front with two additional levels above! Various commercial opportunities exist (zoned CDM) such as office space, photography studio, bakery, restaurant, etc. Tons of open space for ample storage, etc. with washroom on the second floor. (id:56688)
Property Details
MLS: 1271346
Listing ID: 26807648
Address: 256 Water Street, St. John's, Newfoundland & Labrador, Canada A1C1B7
Status: Active
Last updated: 2 years ago ( May 15, 2024 )
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Heating: Electric
Living Area Total: 2,314 square feet
Price per sq ft: $217
Tax Annual Amount: $6,948
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Electric
Common Interest: Freehold
Business Type: Other, Retail and Wholesale
Number of photos available: 23
Rurl
Coordinates: [47.562727, -52.708895]
Listing ID: 26807648
Address: 256 Water Street, St. John's, Newfoundland & Labrador, Canada A1C1B7
Status: Active
Last updated: 2 years ago ( May 15, 2024 )
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Heating: Electric
Living Area Total: 2,314 square feet
Price per sq ft: $217
Tax Annual Amount: $6,948
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Electric
Common Interest: Freehold
Business Type: Other, Retail and Wholesale
Number of photos available: 23
Rurl
Coordinates: [47.562727, -52.708895]
Rooms
Basic Calculator
First Mortgage: $399,920
Mortgage insurance premium: $0
Total Financing: $399,920
Rough closing fee (1.5%): ~ $7,499
Total downpayment with estimated closing fee: $107,479
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,546 | $30,552 |
| Gross rental income (income/principal ratio) | 0.509% | 6.112% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $625 | $7,500 |
| Vacancy | $128 | $1,528 |
| Management Fee | $204 | $2,445 |
| Expense / Income Ratio | 24.55% | 24.55% |
| Cash Flow | $1,591 | $19,092 |
| Net Operating Income (NOI) | $1,591 | $19,092 |
| Capitalization Rate | 0.32% | 3.82% |
Capitalization Rate: 3.82%
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).): $714,143
