75-81 Harvey Road
St. John's, NL, A1C2E9
$399,900
About the property (MLS: 1279200):
Located in a high-traffic area with excellent visibility, this property offers a unique investment opportunity combining commercial and residential spaces! The main floor features an open commercial space with two bathroom facilities, providing versatility for a variety of business ventures. Previously operated as a pizza parlour, the commercial space is fully wheelchair accessible and holds endless potential for new enterprises, whether it be a café, retail store, or office space. Upstairs, there are two one-bedroom, one-bathroom residential units, both currently leased with tenants who are keen to remain. Additionally, the property features a partially developed basement, great for storage. Perfect for entrepreneurs looking to start or expand their business while benefiting from an additional revenue stream, this property represents a prime opportunity with its strategic location, flexible commercial space, and stable residential rental income. *Any and all HST is the responsiblity of the Purchaser (id:56688)
Property Details
Listing ID: 27606996
Address: 75-81 Harvey Road, St. John's, Newfoundland & Labrador, Canada A1C2E9
Status: Active
Last updated: a month ago ( Nov 8, 2024 )
Year Built: 1993
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Heating: Baseboard heaters, Electric
Flooring: Other
Living Area Total: 3,208 square feet
Price per sq ft: $125
Tax Annual Amount: $8,068
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Baseboard heaters, Electric
Flooring: Other
Common Interest: Freehold
Business Type: Other, Retail and Wholesale, Residential
Number of photos available: 29
Rurl
Coordinates: [47.564343, -52.713545]
Rooms
Basic Calculator
First Mortgage: $319,920
Mortgage insurance premium: $0
Total Financing: $319,920
Rough closing fee (1.5%): ~ $5,999
Total downpayment with estimated closing fee: $85,979
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,529 | $42,348 |
| Gross rental income (income/principal ratio) | 0.882% | 10.590% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $500 | $6,000 |
| Vacancy | $177 | $2,118 |
| Management Fee | $283 | $3,388 |
| Expense / Income Ratio | 14.17% | 14.17% |
| Cash Flow | $2,571 | $30,852 |
| Net Operating Income (NOI) | $2,571 | $30,852 |
| Capitalization Rate | 0.64% | 7.71% |
