Type something to search...
TelephoneEmail0 Trans Canada Highway, Goobies, Newfoundland & Labrador, Canada A1B1N0

0 Trans Canada Highway

Goobies, NL, A1B1N0

location

$589,900

0 Trans Canada Highway Goobies Newfoundland & Labrador Canada A1B1N0, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
0 Trans Canada Highway Goobies Newfoundland & Labrador Canada A1B1N0, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
0 Trans Canada Highway Goobies Newfoundland & Labrador Canada A1B1N0, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
0 Trans Canada Highway Goobies Newfoundland & Labrador Canada A1B1N0, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
0 Trans Canada Highway Goobies Newfoundland & Labrador Canada A1B1N0, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
0 Trans Canada Highway Goobies Newfoundland & Labrador Canada A1B1N0, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
0 Trans Canada Highway Goobies Newfoundland & Labrador Canada A1B1N0, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
0 Trans Canada Highway Goobies Newfoundland & Labrador Canada A1B1N0, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
0 Trans Canada Highway Goobies Newfoundland & Labrador Canada A1B1N0, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
0 Trans Canada Highway Goobies Newfoundland & Labrador Canada A1B1N0, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
0 Trans Canada Highway Goobies Newfoundland & Labrador Canada A1B1N0, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
0 Trans Canada Highway Goobies Newfoundland & Labrador Canada A1B1N0, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
0 Trans Canada Highway Goobies Newfoundland & Labrador Canada A1B1N0, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
0 Trans Canada Highway Goobies Newfoundland & Labrador Canada A1B1N0, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
0 Trans Canada Highway Goobies Newfoundland & Labrador Canada A1B1N0, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
0 Trans Canada Highway Goobies Newfoundland & Labrador Canada A1B1N0, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
0 Trans Canada Highway Goobies Newfoundland & Labrador Canada A1B1N0, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
0 Trans Canada Highway Goobies Newfoundland & Labrador Canada A1B1N0, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
0 Trans Canada Highway Goobies Newfoundland & Labrador Canada A1B1N0, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
0 Trans Canada Highway Goobies Newfoundland & Labrador Canada A1B1N0, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
0 Trans Canada Highway Goobies Newfoundland & Labrador Canada A1B1N0, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
0 Trans Canada Highway Goobies Newfoundland & Labrador Canada A1B1N0, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
0 Trans Canada Highway Goobies Newfoundland & Labrador Canada A1B1N0, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
0 Trans Canada Highway Goobies Newfoundland & Labrador Canada A1B1N0, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
0 Trans Canada Highway Goobies Newfoundland & Labrador Canada A1B1N0, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
0 Trans Canada Highway Goobies Newfoundland & Labrador Canada A1B1N0, for Sale, residential, Haris Barki, Keller Williams Platinum Realty

Presented By

Haris Barki
Haris Barki
REALTOR ®
Keller Williams Platinum Realty
About the property (MLS: 1280831):

Let's talk about opportunity! Just listed this 13 room motel plus a Cottage operating as the Trailside Motel on the TCH just West of Goobies. With the tourist season only beginning, new projects at the Come-by-Chance Refinery and wind farm potential in the area the opportunity for a very busy future is at the doorstep! Along with the rooms and restaurant there is also a large kitchen with recently upgraded fire suppression system, 2 commercial fryers, commercial grill, 4 burner commercial gas range top, triple cooler and lots of prep areas. There is a large bar with three wall mounted TV's and pool table currently under renovation. LETS ALSO MENTION - THE LAND IS APPROVED FOR A 100 SITE RV PARK AND IS AWAITING COMPLETION!! Current owners have given the inside a fresh new look along with renovating the restaurant, rooms and bathrooms. There is a 1 bedroom cabin on site as well that is rented regularly. Truly tons of parking and All this located across the highway from the T’Railway Provincial Park bringing lots of year round business. Approximately 800ft frontage on TCH and Old Cabot HWY. NO TAX AREA!! HST not included and if applicable is the responsibility of Purchaser. (id:56688)

Property Details
MLS: 1280831
Listing ID: 27793823
Address: 0 Trans Canada Highway, Goobies, Newfoundland & Labrador, Canada A1B1N0
Status: Active
Last updated: a month ago ( Jan 13, 2025 )
Year Built: 1950
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Heating: Hot water radiator heat, Baseboard heaters, Oil, Electric, Wood
Flooring: Mixed Flooring
Living Area Total: 7,300 square feet
Price per sq ft: $81
Tax Annual Amount: $0
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Hot water radiator heat, Baseboard heaters, Oil, Electric, Wood
Flooring: Mixed Flooring
Common Interest: Freehold
Business Type: Accommodation, Other, Restaurant
Building Features: Laundry Facility, Canopy, Recreation Centre
Number of photos available: 26
Rurl
Coordinates: [47.975155, -53.961298]

Rooms

Basic Calculator



First Mortgage: $471,920

Mortgage insurance premium: $0

Total Financing: $471,920

Rough closing fee (1.5%): ~ $8,849

Total downpayment with estimated closing fee: $126,829

0000

Investment Calculator:

MonthlyYearly
Gross Revenue$8,031$96,372
Gross rental income (income/principal ratio)1.361%16.337%
Mortgage$0$0
Monthly Expenses$738$8,856
Vacancy$402$4,819
Management Fee$643$7,710
Expense / Income Ratio9.19%9.19%
Cash Flow$6,249$74,988
Net Operating Income (NOI)$6,249$74,988
Capitalization Rate1.06%12.71%
Capitalization Rate: 12.71%
After-repair value (ARV) (This is a rule for purchasing and flipping distressed real estate for a profit, which states that the purchase price should be less than 70% of after-repair value (ARV) minus repair costs (rehab).): $842,715