For sale · MLS® 1280695
57 Main Road
Change Islands, NL, A0G1R0
List price
$279,000
About this propertyMLS® 1280695
MOTIVATED SELLER - $100,000.00 PRICE REDUCTION!!! Rare opportunity to own the ONLY grogery store and hardware store on CHANGE ISLAND. This well established property boasts a gorgeous, unobstructed ocean view and comes fully equipped with gas pumps included, making it a vital hub for the community and visitors alike. Comfort is covered all year round with a newly installed mini-split, providing efficient heat in the winter and air conditioning in the summer. A unique, turn key businessin an unbeatabloe location. Stock were just taken and there is approximately $170,000.00 which is included in this sale. Other items that's included are as follows: Butter and milk cooler, cash register, debit/credit machine, weighing machine, the coke cooler is contracted out by Atlantic Grocery. This building has one bathroom and two storage rooms. On this property is also a steel warehouse which measures 30 x 45. Keep in mind that both the Harbour View Cafe and the grocery store can be purchased together. THIS PROPERTY IS PRICED TO SELL!!! (id:56688)
Specifications
Property details
Room by room
Rooms
The essentials
Location, air, flood & taxes
Elevation
15 m above sea level
Air quality now
AQHI 2.09 · Low risk
Grand Falls - Windsor station · updated 2:00 a.m.
Property tax
$550 / year
≈ $46 / month · assessment year 2024
Plan ahead
Calculators & neighbourhood
Estimate payments and returns, and check how walkable this address is — all in one place.
Plan ahead
Mortgage & investment calculator
Estimated monthly payment
$46/mo
Principal & interest $0 + property tax $46 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-348
NOI / month
$-348
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $46 | $550 |
| Expenses | $303 | $3,636 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-348 | $-4,176 |
| NOI | $-348 | $-4,176 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
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- Call or text416-873-4676
- Emailharis@barki.co
- Office17 Duffy Place, Suite 200, St. John's
Keller Williams Platinum Realty
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