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
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
Investment Calculator:
Monthly | Yearly | |
---|---|---|
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 Ratio | 19.82% | 19.82% |
Cash Flow | $2,014 | $24,168 |
Net Operating Income (NOI) | $2,014 | $24,168 |
Capitalization Rate | 0.42% | 5.09% |