99 New Cove Road
St. John's, NL, A1A2C2
$269,900
About the property (MLS: 1279626):
Take advantage of this opportunity to own a commercial space in the vibrant east end of St. John's! Located at 99 New Cove Road, this property presents an ideal investment for your future. The main floor boasts a spacious storefront with a large window, ensuring excellent visibility and an open layout that can be tailored to meet your business requirements. The space is equipped with a convenient main floor bathroom and kitchenette, designed for both functionality and ease of use. Downstairs, you will find ample undeveloped space featuring a new subfloor, perfect for storage. Both levels are efficiently heated and cooled with individual mini-split systems, providing comfort for all occupants year-round. Situated in a high-traffic area, this property offers parking and prime billboard sign space at the front, enhancing your business's visibility. This location is well-suited for a variety of ventures, including hair salons, professional offices for doctors, lawyers, insurance agents, massage therapy, chiropractic services, and more. As one business relocates don’t miss this exceptional opportunity to establish your business in a thriving community. Any applicable HST will be the responsibility of the purchaser. (id:56688)
Property Details
Listing ID: 27653989
Address: 99 New Cove Road, St. John's, Newfoundland & Labrador, Canada A1A2C2
Status: Active
Last updated: 4 days ago ( Jan 15, 2025 )
Property Type: Retail
Structure Type: Retail
Ownership Type: Freehold
Heating: Electric
Flooring: Other, Wood
Living Area Total: 1,496 square feet
Price per sq ft: $181
Tax Annual Amount: $5,759
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Electric
Flooring: Other, Wood
Common Interest: Freehold
Business Type: Retail and Wholesale
Number of photos available: 20
Rurl
Coordinates: [47.581132, -52.708798]
Rooms
Basic Calculator
First Mortgage: $215,920
Mortgage insurance premium: $0
Total Financing: $215,920
Rough closing fee (1.5%): ~ $4,049
Total downpayment with estimated closing fee: $58,029
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,646 | $19,752 |
| Gross rental income (income/principal ratio) | 0.610% | 7.318% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $338 | $4,056 |
| Vacancy | $83 | $988 |
| Management Fee | $132 | $1,581 |
| Expense / Income Ratio | 20.53% | 20.53% |
| Cash Flow | $1,095 | $13,140 |
| Net Operating Income (NOI) | $1,095 | $13,140 |
| Capitalization Rate | 0.41% | 4.87% |
