47 Leslie Street
St.John's, NL, A1E2V7
$449,900
About the property (MLS: 1280231):
Outstanding opportunity to own a versatile 5,483 sq. ft. three-story building situated on a spacious 12,154 sq. ft. corner lot in a highly desirable west-end location. Zoned R3, this property offers excellent potential for redevelopment or conversion to a multi-unit residential building. Previously occupied by medical practices, the building features kitchenettes, washrooms, and multiple office spaces on both the main and second floors. The third floor includes additional offices, a bathroom, and a large skylight open to the level below, providing natural light throughout. The 1,216 sq. ft. basement offers abundant storage space with convenient exterior access. Additional highlights include a 400-amp electrical service with four separate meters and on-site parking for 10 vehicles at the front of the building. A rare opportunity for investors or developers seeking a solid property with excellent versatility and strong future potential in a prime west-end location. (id:56688)
Property Details
Listing ID: 27725884
Address: 47 Leslie Street, St.John's, Newfoundland & Labrador, Canada A1E2V7
Status: Active
Last updated: 7 days ago ( Oct 24, 2025 )
Year Built: 1930
Property Type: Retail
Structure Type: Commercial Mix
Ownership Type: Freehold
Number of stories: 4
Number of Levels: 4
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring
Living Area Total: 5,483 square feet
Price per sq ft: $83
Tax Annual Amount: $9,926.75
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring
Common Interest: Freehold
Business Type: Other, Service
Building Features: Laundry Facility
Number of photos available: 48
Rurl
Coordinates: [47.549836, -52.722778]
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 | $6,032 | $72,384 |
| Gross rental income (income/principal ratio) | 1.341% | 16.089% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $563 | $6,756 |
| Vacancy | $302 | $3,620 |
| Management Fee | $483 | $5,791 |
| Expense / Income Ratio | 9.33% | 9.33% |
| Cash Flow | $4,685 | $56,220 |
| Net Operating Income (NOI) | $4,685 | $56,220 |
| Capitalization Rate | 1.04% | 12.50% |
