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
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
Investment Calculator:
Monthly | Yearly | |
---|---|---|
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 Ratio | 13.55% | 13.55% |
Cash Flow | $2,814 | $33,768 |
Net Operating Income (NOI) | $2,814 | $33,768 |
Capitalization Rate | 0.68% | 8.14% |