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TelephoneEmail1186-1190 Topsail Road, Mt. Pearl, Newfoundland & Labrador, Canada A1N5E8

1186-1190 Topsail Road

Mt. Pearl, NL, A1N5E8

location

$950,000

1186-1190 Topsail Road Mt. Pearl Newfoundland & Labrador Canada A1N5E8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
1186-1190 Topsail Road Mt. Pearl Newfoundland & Labrador Canada A1N5E8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
1186-1190 Topsail Road Mt. Pearl Newfoundland & Labrador Canada A1N5E8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty

Presented By

Haris Barki
Haris Barki
REALTOR ®
Keller Williams Platinum Realty
About the property (MLS: 1278131):

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 Tommy Byrne Drive at a traffic light. Great exposure and access on two sides. (id:56688)

Property Details
MLS: 1278131
Listing ID: 27490906
Address: 1186-1190 Topsail Road, Mt. Pearl, Newfoundland & Labrador, Canada A1N5E8
Status: Active
Last updated: a month ago ( Oct 2, 2024 )
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Heating: Electric
Living Area Total: 1,300 square feet
Price per sq ft: $731
Tax Annual Amount: $3,813
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: [47.528544, -52.82516]

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

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Investment Calculator:

MonthlyYearly
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 Ratio83.02%83.02%
Cash Flow$57$684
Net Operating Income (NOI)$57$684
Capitalization Rate0.01%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