602B Water Street
St. John's, NL, A1B1B8
$75,000
About the property (MLS: 1276646):
This vacant lot on Water Street West offers the perfect canvas for a thriving business or a mixed-use development. Located just a five-minute walk from top restaurants, shopping centers, offices, and vibrant nightlife, this property is ideally situated for maximum visibility and accessibility. 125 square meters. Zoned for commercial and mixed-use purposes. Potential to build a 2-3 unit apartment complex. Ideal for a residential and commercial mix project. Don't miss out on this rare opportunity to invest in a rapidly growing area! (id:56688)
Property Details
MLS: 1276646
Listing ID: 27334586
Address: 602B Water Street, St. John's, Newfoundland & Labrador, Canada A1B1B8
Status: Active
Last updated: 4 months ago ( Sep 27, 2024 )
Property Type: Vacant Land
Ownership Type: Freehold
Sewer: Municipal sewage system
Tax Annual Amount: $2,000
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: 3
Rurl
Coordinates: [47.552229, -52.716074]
Listing ID: 27334586
Address: 602B Water Street, St. John's, Newfoundland & Labrador, Canada A1B1B8
Status: Active
Last updated: 4 months ago ( Sep 27, 2024 )
Property Type: Vacant Land
Ownership Type: Freehold
Sewer: Municipal sewage system
Tax Annual Amount: $2,000
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: 3
Rurl
Coordinates: [47.552229, -52.716074]
Rooms
Basic Calculator
First Mortgage: $60,000
Mortgage insurance premium: $0
Total Financing: $60,000
Rough closing fee (1.5%): ~ $1,125
Total downpayment with estimated closing fee: $16,125
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $0 | $0 |
| Gross rental income (income/principal ratio) | 0.000% | 0.000% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $0 | $0 |
| Vacancy | $0 | $0 |
| Management Fee | $0 | $0 |
| Expense / Income Ratio | NaN% | NaN% |
| Cash Flow | $0 | $0 |
| Net Operating Income (NOI) | $0 | $0 |
| Capitalization Rate | 0.00% | 0.00% |
Capitalization Rate: 0.00%
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).): $107,143
