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TelephoneEmail262 Newfoundland Drive, St. John's, Newfoundland & Labrador, Canada A1A3R5

262 Newfoundland Drive

St. John's, NL, A1A3R5

location

$414,900

262 Newfoundland Drive St. John's Newfoundland & Labrador Canada A1A3R5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
262 Newfoundland Drive St. John's Newfoundland & Labrador Canada A1A3R5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
262 Newfoundland Drive St. John's Newfoundland & Labrador Canada A1A3R5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
262 Newfoundland Drive St. John's Newfoundland & Labrador Canada A1A3R5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
262 Newfoundland Drive St. John's Newfoundland & Labrador Canada A1A3R5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
262 Newfoundland Drive St. John's Newfoundland & Labrador Canada A1A3R5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
262 Newfoundland Drive St. John's Newfoundland & Labrador Canada A1A3R5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
262 Newfoundland Drive St. John's Newfoundland & Labrador Canada A1A3R5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
262 Newfoundland Drive St. John's Newfoundland & Labrador Canada A1A3R5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
262 Newfoundland Drive St. John's Newfoundland & Labrador Canada A1A3R5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
262 Newfoundland Drive St. John's Newfoundland & Labrador Canada A1A3R5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
262 Newfoundland Drive St. John's Newfoundland & Labrador Canada A1A3R5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
262 Newfoundland Drive St. John's Newfoundland & Labrador Canada A1A3R5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
262 Newfoundland Drive St. John's Newfoundland & Labrador Canada A1A3R5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
262 Newfoundland Drive St. John's Newfoundland & Labrador Canada A1A3R5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
262 Newfoundland Drive St. John's Newfoundland & Labrador Canada A1A3R5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
262 Newfoundland Drive St. John's Newfoundland & Labrador Canada A1A3R5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
262 Newfoundland Drive St. John's Newfoundland & Labrador Canada A1A3R5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
262 Newfoundland Drive St. John's Newfoundland & Labrador Canada A1A3R5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
262 Newfoundland Drive St. John's Newfoundland & Labrador Canada A1A3R5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
262 Newfoundland Drive St. John's Newfoundland & Labrador Canada A1A3R5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
262 Newfoundland Drive St. John's Newfoundland & Labrador Canada A1A3R5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
262 Newfoundland Drive St. John's Newfoundland & Labrador Canada A1A3R5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
262 Newfoundland Drive St. John's Newfoundland & Labrador Canada A1A3R5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
262 Newfoundland Drive St. John's Newfoundland & Labrador Canada A1A3R5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
262 Newfoundland Drive St. John's Newfoundland & Labrador Canada A1A3R5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
262 Newfoundland Drive St. John's Newfoundland & Labrador Canada A1A3R5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
262 Newfoundland Drive St. John's Newfoundland & Labrador Canada A1A3R5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
262 Newfoundland Drive St. John's Newfoundland & Labrador Canada A1A3R5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
262 Newfoundland Drive St. John's Newfoundland & Labrador Canada A1A3R5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
262 Newfoundland Drive St. John's Newfoundland & Labrador Canada A1A3R5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
262 Newfoundland Drive St. John's Newfoundland & Labrador Canada A1A3R5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
262 Newfoundland Drive St. John's Newfoundland & Labrador Canada A1A3R5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
262 Newfoundland Drive St. John's Newfoundland & Labrador Canada A1A3R5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
262 Newfoundland Drive St. John's Newfoundland & Labrador Canada A1A3R5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
262 Newfoundland Drive St. John's Newfoundland & Labrador Canada A1A3R5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
262 Newfoundland Drive St. John's Newfoundland & Labrador Canada A1A3R5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
262 Newfoundland Drive St. John's Newfoundland & Labrador Canada A1A3R5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
262 Newfoundland Drive St. John's Newfoundland & Labrador Canada A1A3R5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
262 Newfoundland Drive St. John's Newfoundland & Labrador Canada A1A3R5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty

Presented By

Haris Barki
Haris Barki
REALTOR ®
Keller Williams Platinum Realty
About the property (MLS: 1281390):

UNIQUE OPPORTUNITY!! Well-maintained commercial property, ideally located in a high traffic location in the east end of the city! Currently configured as medical offices with a self-contained space in the basement (previously used as a pharmacy), however, various commercial opportunities exist (zoned R1) such as Offices, pharmacy/health products, nurse practitioners, psychologists, physiotherapy, massage therapy, optical and dentistry! Multiple separate rooms, plus 3 bathrooms. Wheelchair accessible from side entrance via lower floor and ample parking available! (id:56688)

Property Details
MLS: 1281390
Listing ID: 27863706
Address: 262 Newfoundland Drive, St. John's, Newfoundland & Labrador, Canada A1A3R5
Status: Active
Last updated: 13 days ago ( Jan 31, 2025 )
Year Built: 1974
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring
Living Area Total: 3,481 square feet
Price per sq ft: $120
Tax Annual Amount: $15,618
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring
Common Interest: Freehold
Business Type: Other, Retail and Wholesale, Service
Number of photos available: 40
Rurl
Coordinates: [47.595967, -52.69229]

Rooms

Basic Calculator



First Mortgage: $331,920

Mortgage insurance premium: $0

Total Financing: $331,920

Rough closing fee (1.5%): ~ $6,224

Total downpayment with estimated closing fee: $89,204

0000

Investment Calculator:

MonthlyYearly
Gross Revenue$3,830$45,960
Gross rental income (income/principal ratio)0.923%11.077%
Mortgage$0$0
Monthly Expenses$519$6,228
Vacancy$192$2,298
Management Fee$307$3,677
Expense / Income Ratio13.55%13.55%
Cash Flow$2,814$33,768
Net Operating Income (NOI)$2,814$33,768
Capitalization Rate0.68%8.14%
Capitalization Rate: 8.14%
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).): $592,715