603 Topsail Road
St. John's, NL, A1E2E1
$449,900
About the property (MLS: 1273690):
UNIQUE OPPORTUNITY!! Well-maintained, ideally located commercial building, situated in the west end of St. John's! Two separate electrical services, allowing ample options to be utilized as separate units and great options for business owners to subsidize their costs. Currently configured with several private offices, working spaces and washroom facilities, easily accommodating a variety of businesses. Versatile layout can readily accommodate a range of professional services OR with some small-scale conversions its design could also allow for dental or medical practices. High visibility and high traffic location with ample parking and partially accessible. Don't miss out! (id:56688)
Property Details
Listing ID: 27050336
Address: 603 Topsail Road, St. John's, Newfoundland & Labrador, Canada A1E2E1
Status: Active
Last updated: 6 months ago ( Jun 17, 2024 )
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Heating: Heat Pump, Baseboard heaters, Forced air, Electric
Living Area Total: 3,126 square feet
Price per sq ft: $144
Tax Annual Amount: $12,775
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Heat Pump, Baseboard heaters, Forced air, Electric
Common Interest: Freehold
Business Type: Other, Retail and Wholesale, Service
Number of photos available: 25
Rurl
Coordinates: [47.527155, -52.76271]
Rooms
Basic Calculator
First Mortgage: $359,920
Mortgage insurance premium: $0
Total Financing: $359,920
Rough closing fee (1.5%): ~ $6,749
Total downpayment with estimated closing fee: $96,729
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,439 | $41,268 |
| Gross rental income (income/principal ratio) | 0.764% | 9.173% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $563 | $6,756 |
| Vacancy | $172 | $2,064 |
| Management Fee | $276 | $3,302 |
| Expense / Income Ratio | 16.37% | 16.37% |
| Cash Flow | $2,429 | $29,148 |
| Net Operating Income (NOI) | $2,429 | $29,148 |
| Capitalization Rate | 0.54% | 6.48% |
