18 Harbour View Avenue
St. John's, NL, A1A5C9
$749,900
About the property (MLS: 1281653):
Tired of leasing and looking to own your own commercial space...well this is the opportunity you have been waiting for. Ideal east end location with quick highway access in an expanding commercial area minutes from Stavanger drive. The 4000sq.ft footprint bu is a true mix of office space and warehousing with 1200 sq.ft of office space, 2800 sq.ft of warehouse with 20' ceiling height and an additional 1200 sq.ft of mezzanine storage. Options here at can range from service oriented business, retail or garage. (id:56688)
Property Details
MLS: 1281653
Listing ID: 27902934
Address: 18 Harbour View Avenue, St. John's, Newfoundland & Labrador, Canada A1A5C9
Status: Active
Last updated: a month ago ( Feb 11, 2025 )
Property Type: Retail
Structure Type: Special Purpose
Ownership Type: Freehold
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring, Concrete Slab
Living Area Total: 5,200 square feet
Price per sq ft: $145
Tax Annual Amount: $11,286
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring, Concrete Slab
Common Interest: Freehold
Business Type: Automobile, Industrial, Other
Number of photos available: 12
Rurl
Coordinates: [47.606928, -52.722953]
Listing ID: 27902934
Address: 18 Harbour View Avenue, St. John's, Newfoundland & Labrador, Canada A1A5C9
Status: Active
Last updated: a month ago ( Feb 11, 2025 )
Property Type: Retail
Structure Type: Special Purpose
Ownership Type: Freehold
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring, Concrete Slab
Living Area Total: 5,200 square feet
Price per sq ft: $145
Tax Annual Amount: $11,286
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring, Concrete Slab
Common Interest: Freehold
Business Type: Automobile, Industrial, Other
Number of photos available: 12
Rurl
Coordinates: [47.606928, -52.722953]
Rooms
Basic Calculator
First Mortgage: $599,920
Mortgage insurance premium: $0
Total Financing: $599,920
Rough closing fee (1.5%): ~ $11,249
Total downpayment with estimated closing fee: $161,229
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $5,721 | $68,652 |
| Gross rental income (income/principal ratio) | 0.763% | 9.155% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $938 | $11,256 |
| Vacancy | $287 | $3,433 |
| Management Fee | $458 | $5,493 |
| Expense / Income Ratio | 16.40% | 16.40% |
| Cash Flow | $4,040 | $48,480 |
| Net Operating Income (NOI) | $4,040 | $48,480 |
| Capitalization Rate | 0.54% | 6.46% |
Capitalization Rate: 6.46%
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).): $1,071,286
