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TelephoneEmail1 Paton Street Unit#008, St. John's, Newfoundland & Labrador, Canada A1B4S8

1 Paton Street Unit#008

St. John's, NL, A1B4S8

location

$475,000

1 Paton Street Unit#008 St. John's Newfoundland & Labrador Canada A1B4S8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
1 Paton Street Unit#008 St. John's Newfoundland & Labrador Canada A1B4S8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
1 Paton Street Unit#008 St. John's Newfoundland & Labrador Canada A1B4S8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
1 Paton Street Unit#008 St. John's Newfoundland & Labrador Canada A1B4S8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
1 Paton Street Unit#008 St. John's Newfoundland & Labrador Canada A1B4S8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
1 Paton Street Unit#008 St. John's Newfoundland & Labrador Canada A1B4S8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
1 Paton Street Unit#008 St. John's Newfoundland & Labrador Canada A1B4S8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
1 Paton Street Unit#008 St. John's Newfoundland & Labrador Canada A1B4S8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
1 Paton Street Unit#008 St. John's Newfoundland & Labrador Canada A1B4S8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
1 Paton Street Unit#008 St. John's Newfoundland & Labrador Canada A1B4S8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
1 Paton Street Unit#008 St. John's Newfoundland & Labrador Canada A1B4S8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
1 Paton Street Unit#008 St. John's Newfoundland & Labrador Canada A1B4S8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
1 Paton Street Unit#008 St. John's Newfoundland & Labrador Canada A1B4S8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
1 Paton Street Unit#008 St. John's Newfoundland & Labrador Canada A1B4S8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
1 Paton Street Unit#008 St. John's Newfoundland & Labrador Canada A1B4S8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
1 Paton Street Unit#008 St. John's Newfoundland & Labrador Canada A1B4S8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
1 Paton Street Unit#008 St. John's Newfoundland & Labrador Canada A1B4S8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
1 Paton Street Unit#008 St. John's Newfoundland & Labrador Canada A1B4S8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
1 Paton Street Unit#008 St. John's Newfoundland & Labrador Canada A1B4S8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
1 Paton Street Unit#008 St. John's Newfoundland & Labrador Canada A1B4S8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
1 Paton Street Unit#008 St. John's Newfoundland & Labrador Canada A1B4S8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
1 Paton Street Unit#008 St. John's Newfoundland & Labrador Canada A1B4S8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
1 Paton Street Unit#008 St. John's Newfoundland & Labrador Canada A1B4S8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty

Presented By

Haris Barki
Haris Barki
REALTOR ®
Keller Williams Platinum Realty
About the property (MLS: 1281166):

?? Medical Office Space near Memorial University Discover a prime 2724 sq ft condo in St. John's, near Memorial University, offering an exceptional opportunity for medical professionals or versatile business ventures. Key Features: Strategic Location: Close proximity to Memorial University ensures visibility and accessibility, ideal for attracting clients or customers. Versatile Space: Flexible layout allows for customization to suit medical offices or other professional services, maximizing investment potential. Modern Amenities: State-of-the-art infrastructure, including spacious examination rooms, reception areas, and administrative offices. Professional Environment: Sleek design and high-quality finishes create a welcoming atmosphere for clients and staff alike. Convenient Accessibility: Ample parking and proximity to public transportation enhance accessibility for all.Investment Potential: Seize the opportunity to establish a thriving practice or secure a lucrative investment in a growing market. Don't miss out. (id:56688)

Property Details
MLS: 1281166
Listing ID: 27829961
Address: 1 Paton Street Unit#008, St. John's, Newfoundland & Labrador, Canada A1B4S8
Status: Active
Last updated: 20 days ago ( Jan 24, 2025 )
Property Type: Retail
Structure Type: Commercial Mix
Heating: Baseboard heaters, Electric
Flooring: Laminate
Living Area Total: 2,724 square feet
Price per sq ft: $175
Tax Annual Amount: $14,312
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Baseboard heaters, Electric
Flooring: Laminate
Business Type: Other, Retail and Wholesale, Service
Number of photos available: 23
Rurl
Coordinates: [47.565667, -52.738054]

Rooms

Basic Calculator



First Mortgage: $380,000

Mortgage insurance premium: $0

Total Financing: $380,000

Rough closing fee (1.5%): ~ $7,125

Total downpayment with estimated closing fee: $102,125

0000

Investment Calculator:

MonthlyYearly
Gross Revenue$2,997$35,964
Gross rental income (income/principal ratio)0.631%7.571%
Mortgage$0$0
Monthly Expenses$594$7,128
Vacancy$150$1,799
Management Fee$240$2,878
Expense / Income Ratio19.82%19.82%
Cash Flow$2,014$24,168
Net Operating Income (NOI)$2,014$24,168
Capitalization Rate0.42%5.09%
Capitalization Rate: 5.09%
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).): $678,572