1108 Kenmount Road Unit#202
Paradise, NL, A1l1N3
$255,000
About the property (MLS: 1280415):
For immediate Sale, commercial space which was previously leased as a hair salon, is now available to set up your own business. Ideally located in the accessible area of Paradise with access to highways and the business community and a thriving residential subdivision which is in close proximity to Paradise Elementary School. High visibility- benefit from exceptional exposure in a high traffic area. Ample parking for customers and employees. This building has been well maintained. $5.67 CAM per sq ft. covers snow clearing and garbage collection, plus exterior maintenance (id:56688)
Property Details
Listing ID: 27746620
Address: 1108 Kenmount Road Unit#202, Paradise, Newfoundland & Labrador, Canada A1l1N3
Status: Active
Last updated: a month ago ( Feb 15, 2025 )
Year Built: 2019
Property Type: Office
Structure Type: Offices
Ownership Type: Freehold
Heating: No heat
Living Area Total: 1,200 square feet
Price per sq ft: $213
Tax Annual Amount: $0
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: No heat
Common Interest: Freehold
Business Type: Other, Service
Building Features: Laundry Facility
Number of photos available: 1
Rurl
Coordinates: [47.525331, -52.853753]
Rooms
Basic Calculator
First Mortgage: $204,000
Mortgage insurance premium: $0
Total Financing: $204,000
Rough closing fee (1.5%): ~ $3,825
Total downpayment with estimated closing fee: $54,825
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,320 | $15,840 |
| Gross rental income (income/principal ratio) | 0.518% | 6.212% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $319 | $3,828 |
| Vacancy | $66 | $792 |
| Management Fee | $106 | $1,268 |
| Expense / Income Ratio | 24.17% | 24.17% |
| Cash Flow | $830 | $9,960 |
| Net Operating Income (NOI) | $830 | $9,960 |
| Capitalization Rate | 0.33% | 3.91% |
