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TelephoneEmail560 Kenmount Road, St John's, Newfoundland & Labrador, Canada A1B0J8

560 Kenmount Road

St John's, NL, A1B0J8

location

$900,000

560 Kenmount Road St John's Newfoundland & Labrador Canada A1B0J8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty

Presented By

Haris Barki
Haris Barki
REALTOR ®
Keller Williams Platinum Realty
About the property (MLS: 1280896):

Fantastic opportunity for an amazing business venture! 560 Kenmount Road, St. John's is an ideal location with high traffic to support a wide variety of new commercial development. There is 65,324 sq ft zoned Commercial Highway with 600 ft frontage on Kenmount Road directly across from Steele Honda, there is 11.18 Acres zoned Open Space surrounding the Commercial Highway portion from Great Eastern Avenue back to Iceland Place totaling 12.68 Acres with 1,212 ft frontage on Kenmount Road. Great proximity to the Highway, Commercial, Retail and Residential areas. There is potential for 2 lots to be developed by the Purchaser or for 2 entrance/exit access points on Kenmount Road. The Purchaser is responsible for all development permits. (id:56688)

Property Details
MLS: 1280896
Listing ID: 27799480
Address: 560 Kenmount Road, St John's, Newfoundland & Labrador, Canada A1B0J8
Status: Active
Last updated: a month ago ( Jan 14, 2025 )
Property Type: Retail
Structure Type: Commercial Mix
Ownership Type: Freehold
Heating: No heat
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: Industrial, Other, Retail and Wholesale, Service
Number of photos available: 1
Rurl
Coordinates: [47.544574, -52.794906]

Rooms

Basic Calculator



First Mortgage: $720,000

Mortgage insurance premium: $0

Total Financing: $720,000

Rough closing fee (1.5%): ~ $13,500

Total downpayment with estimated closing fee: $193,500

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Investment Calculator:

MonthlyYearly
Gross Revenue$0$0
Gross rental income (income/principal ratio)0.000%0.000%
Mortgage$0$0
Monthly Expenses$0$0
Vacancy$0$0
Management Fee$0$0
Expense / Income RatioNaN%NaN%
Cash Flow$0$0
Net Operating Income (NOI)$0$0
Capitalization Rate0.00%0.00%
Capitalization Rate: 0.00%
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).): $1,285,715